Titagarh Wagons And Texmaco

Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order

Titagarh Wagons is looking to invest close to Rs 1,000 crore over the next three to five years for capacity building in the manufacturing of wagons, coaches and foundry

The stocks are exhibiting positive trend amid reports that Indian Railways is expected to add 100,000 wagons over the next three years

Ashish Kumar Gupta, deputy managing director, TexRail, said the company is going to finalise the size and pricing of the rights issue before September-end

Railway-related stocks such as IRCTC and RITES may see a sharp surge once significant resistances are breached

Analysts believe the resumption of passenger train services is like a sentimental boost from the government and can give a short-term bounce to the stocks, an extension of lockdown may dent sentiment

Faced with stagnancy in wagon orders from Indian Railways recently, private wagon majors like Texmaco Rail Engineering Ltd (TREL) and Titagarh Wagons Ltd (TWL) are changing their product mix and market strategy to keep up with the changing times as well as de-risk themselves from Indian Railway.While TREL is focussing more on railway EPC (engineering, procurement and construction) and railway electrification - the specialities brought into the company after the acquisition of Kalindee Rail Nirman (Engineers) Ltd and Bright Power Projects (India) Pvt. Ltd, TWL is focussing more on exposure in the international market after the buyout in Titagarh Firema Adler SpA in Italy and a 50:50 joint venture with the French Matiere SAS. Also, its subsidiary, Titagarh Wagons AFR, in France, post the acquisition of Arbel Fauvet Rail in 2010, had given the company exposure to African countries.The metro projects are a key area for both these companies. While TREL is focussed on EPC projects in ...