RITES has signed a memorandum of understanding (MoU) with Kolkata based national company Titagarh Wagons, a company with expertise in rolling stock and propulsion systems, to synergise their efforts in their respective fields. Under this agreement, RITES will provide expertise in design, marketing, operations & maintenance, and support for tapping domestic and international markets while Titagarh Wagons will develop and manufacture suitable products and submit competitive offer as per the requirement of potential clients and customers in domestic and overseas markets.
Both the companies would explore collaborations in operations & maintenance, signalling & telecommunication, public information system, railway electrification and other systems, export and related services, and infrastructure, including buildings, airports, urban engineering, IT, urban transport, including metro railway systems, for domestic and international markets.
RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.
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On the other hand Titagarh Wagons gained 2.54% to Rs 105 after the company received an order from Indian Railways for manufacture and supply of 24,177 wagons worth of Rs 7,838 crore.
The order constitutes of 19,854 BCNA wagons and 4,323 BOXNHL wagons, which is required to be executed over a period of 39 months. With this contract, the company's total order book stands at Rs 10,645 crore. Titagarh said this is the highest ever order book value on stand-alone basis in the history of the company.
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31 май 2022
