Kolkata: Titagarh Rail Systems Ltd, formerly known as Titagarh Wagons Ltd, reported a standalone net profit of Rs 75.03 crores in the quarter ending December 31, 2023, an increase of 91% over Rs 39.22 crore in the same period of the last financial year.
Titagarh Wagons Ltd, a leading private-sector manufacturer of Freight and Passenger Rolling Stock has proposed change in the Company s name to Titagarh Rail Systems Limited subject to necessary approvals.
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