Titagarh Rail Systems Secures Wagon Order from JSW Port Logistics
Titagarh Rail Systems Limited announced it has received a Letter of Intent from JSW Port Logistics Private Limited for the manufacture and supply of 720 wagons. The order, valued at ₹226.35 Crores (exclusive of G.S.T), represents a significant addition to the company’s order book.According to the Letter of Intent, the contract period is expected to be 6 months from the effective date or commencement of work, subject to final agreement/purchase order. The wagons will be manufactured and supplied as per mutually agreed technical specifications.
The order was awarded by a domestic entity, and neither the Promoter/Promoter Group/Group Companies have any interest in JSW Port Logistics Private Limited nor does the order fall within related party transactions.
Order Details
The details of the order are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order/Contract | JSW Port Logistics Private Limited |
| Order/Contract Terms | Manufacture and supply of 720 wagons |
| Awarding Entity Type | Domestic Entity |
| Nature of Order/Contract | Manufacture and supply of 720 wagons |
| Contract Execution Time | 6 months from effective date or commencement of work |
| Order Value | ₹ 226.35 Crores (exclusive of G.S.T) |
| Promoter/Group Interest | No |
| Related Party Transaction | No |
Note: The Letter of Intent is referred to as Order/Contract.
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