Titagarh Rail Systems bags additional Order from Indian Railways
These wagons are open gondola-style freight wagons used for transporting bulk commodities such as coal. As a result, the total revised order quantity is now 21,804 wagons.
Titagarh Rail Systems bags additional Order from Indian Railways
New Delhi: Titagarh Rail Systems has announced the receipt of a revised order from the Indian Railways, now valued at Rs 7,100 crore. Titagarh Rail Systems sought permission from the Indian Railways to short-close 3,089 BCNA wagons.
The request was approved, and the Indian Railways placed an additional order for 716 BOXNHL wagons.
These wagons are open gondola-style freight wagons used for transporting bulk commodities such as coal. As a result, the total revised order quantity is now 21,804 wagons.
Read Also : Indian Bank observes Swacchata Hi Seva Campaign 2024 with a series of activitiesThe company stated that this decision was made in the company’s overall interest to balance the available capacity with workloads, including the execution of private wagon orders, and to avoid incurring liquidated damages on the said quantity.
In a separate development, the company also received a favorable award against an earlier wagon contract dated 30.09.2020.
A quantity of 390 BCNA wagons valued at Rs 33.19 Lakhs, which was short-closed by the Indian Railways, has been reinstated in favor of the company. The delivery of these wagons is to be made within six months from the award date.
Read Also : NHPC signs MoU with Vivekananda Kendra Vidyalaya, DhemajiNews Must Read
- Power Grid signs SHA with RVPN to form JV in Rajasthan
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions
- NHPC Signs MoU with Government of Rajasthan for Rs 50,000 Cr Renewable Energy Projects
- RITES secures $4.28M International Contract from Tsiko Africa
- RVNL stocks mild recovers amid bagging Rs 180 crore order
- Indian Oil Withdraws Rs 22,000 Crore Rights Issue
- Cochin Shipyard Limited Recruitment 2024: Check Salary, Last date to Apply