On Monday, 695 stocks advanced, 2915 declined and 147 remained unchanged on the Bombay Stock Exchange (BSE), with advance decline ratio of 0.24, indicating a negative closing of stocks in broader markets
The consortium of Ramkrishna Forgings Ltd and Titagarh Wagons Ltd has emerged the lowest bidder quoting Rs 12,226.50 crore for making about 1.54 million forged wheels for the Indian Railways for different trains, including Vande Bharat.
Ramkrishna Forgings Ltd in consortium with Titagarh Wagons Limited has been declared the Lowest Bidder by the Ministry of Railways for manufacturing and supplying of forged wheels under the Atmanirbhar Bharat initiative.
The consortium of Ramkrishna Forgings and Titagarh Wagons, being L1, as the selected bidder would be required to set up a wheel test centre at a railway site for prototype testing of newly designed wheels