Hot Pursuit     06-Apr-23
RK Forge, Titagarh Wagons consortium bags LoA for Rs 12,226 cr from MoR
Ramkrishna Forgings and Titagarh Wagons (RKFL-TWL) consortium received letter of award (LoA) from the Ministry of Railways (MoR), Government of India for manufacturing and supply of forged wheels under long term agreement for Rs 12,226.50 crore.
Shares of Ramkrishna Forgings jumped 3.42% to Rs 292.05 and shares of Titagarh Wagons advanced 1.35% to Rs 277.25 on the BSE.

The consortium has to manufacture and supply around 15,40,000 forged wheels of different rolling stocks to the Railways over a period of 20 years in accordance with the terms and conditions of agreement.

Ramkrishna Forgings (RK Forge) manufactures forged products. The company is suppliers to various sectors like automotive, railways, farm equipment, bearings, oil & gas, power and construction, earth moving & mining, both in India & overseas markets.

Titagarh Wagons is the largest private sector manufacturer of railway coaches (EMUs, MEMUs) and the largest wagon maker (other than railways).

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