Titagarh Wagons-led Italy subsidiary bags order for ~Rs2,380cr

24 Jan 2022 , 12:29 PM

Titagarh Firema S.p.A.(‘TFA’), the subsidiary of Titagarh Wagons Ltd in Italy, has signed the framework agreement for design, manufacture, supply and ten years of maintenance of 38 trainsets of Metro for Lazio Regione, Italy. The total value of the framework agreement is Euro 282 million, equivalent to Rs2,380cr approx.

The framework agreement foreseen the design of new trains for the Roma – Lido di Ostia and Roma Viterbo railway network. The Contract requires three different trainset configuration such as the 6 cars metro for the Roma Lido di Ostia line and the 4 cars either metro and commuter for the Roma Viterbo line.

Further, the new trainset will be compliant with latest Norms for safety and they offer modern design and improved comfort to the passengers. ‘I’he new trains will be easily accessible to all the passengers and includes two areas for passenger with reduced mobility (PRM) close to each driver cab.

The order book of TFA (including framework contracts) stands at approx. Euro 520 million, equivalent to Rs4420cr approx.

At around 12:29 PM, Titagarh Wagons was trading at Rs113.35 per piece down by Rs1.15 or 1% on Sensex.