Kolkata-based Titagarh Rail Systems Ltd on Wednesday (October 28) said it has received an additional order worth ₹1,716.90 crore, plus goods and services tax (GST), from the Ministry of Railways for the manufacture and supply of 4,955 BOXNHL wagons.
The order was placed under the option clause of the original contract, at the same price, terms and conditions. With the additional quantity, the total number of BOXNHL wagons under the contract has increased to 9,994.
The total amended contract value stands at ₹10,404.10 crore, inclusive of GST, according to the company’s regulatory filing. The execution and delivery period for the additional order is 222 days from the date of the amendment letter, with completion scheduled by June 7, 2027.
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In a filing dated October 28, Titagarh Rail Systems said the Ministry of Railways had issued the amendment letter on the same day under Clause 12, the option clause, of the original contract.
The company said the order was awarded by a domestic entity. The promoters, promoter group and group companies have no interest in the entity awarding the contract, and the order does not fall under related-party transactions.
Shares of Titagarh Rail Systems Ltd ended at ₹692.40, up by ₹38.95, or 5.96%, on the BSE.
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