Titagarh Rail Systems Ltd 24 Jul 2024 12:00 AM
Titagarh Rail Systems ships out its first batch of traction convertors to Italy,
Titagarh Rail Systems (TRSL) has commenced the export of traction converters, pursuant to which the first batch of 8 converters were shipped to Titagarh Firema S.p.A (Titagarh Firema), Italy on 19 July 2024. The said export is part of a EUR 7.18 million (Rs 65 crore approx.) order received by TRSL from Titagarh Firema and marks the first rollout of traction converters from Passenger Rolling Stock Facility of Titagarh, India. Titagarh Firema received an order from Regione Lazio, Italy, for the design, manufacture and supply of 38 trainsets for a total value of approximately EUR 276 Million, with a design speed of 100 kmph. . Titagarh received the order from Firema, Italy to supply traction converters for the first batch of 11 trains to Regione Lazio Viterbo line, operating at 3 KV, and the Regione Lazio Lido line, operating at 1.5 KV. TRSL plans to ship two train sets, or eight converters, each month to complete the order. Titagarh India is proud to announce the successful production and indigenisation of these converters. The design was expertly handled by Titagarh`s Italian associate, Titagarh Firema, showcasing a seamless partnership between the entities. This collaboration has laid a robust foundation for the manufacturing systems and processes for such highly technological items in Uttarpara. The Titagarh India Passenger Rolling Stock Facility currently has a manufacturing capacity of 25 converters per month, which it plans to increase to 50 converters per month, including Mainline Electric Multiple Unit (MEMU) and Electric Multiple Unit (EMU) converters.Powered by Capital Market - Live News
Titagarh Rail Systems Ltd 24 Jul 2024 12:00 AM
Titagarh Rail Systems to hold board meeting,
Titagarh Rail Systems will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live News
Titagarh Rail Systems Ltd 05 Jun 2024 12:00 AM
Titagarh Rail Systems inaugurates new engineering centre in Bangalore,
Titagarh Rail Systems inaugurates new engineering centre in Bangalore, furthering its innovation and design journey. The state-of-the-art facility will be dedicated to new product development for Train Control & Monitoring Systems (TCMS) and advanced Propulsion Systems, revolutionizing the future of rail transportation in the country. The engineering Centre will also play a key role in executing TRSL`s current and upcoming rolling stock & propulsion projects like Surat & Ahmedabad Metro, Vande Bharat, ICF EMU/MEMU etc. demonstrating Company`s unwavering commitment to the `Make-in-India` and `Aatmanirbhar Bharat` initiative towards a Viksit Bharat. Powered by Capital Market - Live News
Titagarh Rail Systems Ltd 16 May 2024 12:00 AM
Board of Titagarh Rail Systems recommends final dividend,
Titagarh Rail Systems announced that the Board of Directors of the Company at its meeting held on 15 May 2024, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 40%) , subject to the approval of the shareholders.Powered by Capital Market - Live News
Titagarh Rail Systems Ltd 16 May 2024 12:00 AM
Titagarh Rail Systems consolidated net profit rises 63.66% in the March 2024 quarter,
Net profit of Titagarh Rail Systems rose 63.66% to Rs 78.95 crore in the quarter ended March 2024 as against Rs 48.24 crore during the previous quarter ended March 2023. Sales rose 8.03% to Rs 1052.41 crore in the quarter ended March 2024 as against Rs 974.22 crore during the previous quarter ended March 2023.For the full year,net profit rose 119.77% to Rs 286.14 crore in the year ended March 2024 as against Rs 130.20 crore during the previous year ended March 2023. Sales rose 38.63% to Rs 3853.30 crore in the year ended March 2024 as against Rs 2779.59 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1052.41974.22 8 3853.302779.59 39 OPM %11.209.42 -11.669.02 - PBDT116.7076.54 52 415.67212.60 96 PBT109.7170.16 56 388.57190.10 104 NP78.9548.24 64 286.14130.20 120 Powered by Capital Market - Live News
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