Wagons

Jupiter Wagon is looking to diversify from its core wagon manufacturing business and increase revenue from other verticals. The company also expects to launch its first one-tonne electric light commercial vehicle by July this year.

MC Interview | RITES aims to win orders at the rate of one a day for the next few months: Rahul Mithal

MC Interview: In 2024-25 RITES aims to return its revenues and net profit to the 2022-23 level and then build from there. The first goal is to increase their topline to the 2022-23 level and come as close to the previous levels as possible.

JSW signs agreement with South Western Railway for seven specialised wagons for iron ore transportation

Seven specialised Hopper wagons to be used for iron ore transportation; JSW invests Rs 29.57 crore per rake

RITES to aggressively bid for export, consultancy orders: CMD Rahul Mithal

RITES will aim to have 50 percent of its order book from the consultancy segment, said Mithal. The move is aimed at mitigating the miniratna’s fall in revenue from Indian Railways’ inspection segment.

Exclusive | Indian Railways plans to float tender worth Rs 25,000 crore to procure 60,000 wagons in July-Sept

The ministry will in July-September float tenders for the procurement of the 60,000 freight wagons, which may include a tender to procure 10,000 aluminum wagons as well.

Indian Railways plans to operate 600 trains daily to transport 75 MT of coal in June

Technology trials of the multiple wagon tipplers system are on by the national carrier. This has the potential to dramatically improve the supply chain of coal across the country.

Union Budget 2023: Indian Railways' capex allocation increases to Rs 2.927 lakh crore

Union Budget 2023: The annual expenditure will be funded through budgetary support of almost Rs 2.4 lakh crore in FY24, against revised budgetary support of Rs 1.591 lakh crore for FY23.

Budget 2023: Indian Railways capex allocation rises to Rs 2.4 lakh crore, highest ever

The railways was allocated Rs 1.4 trillion in the Union Budget 2022-23, of which Rs 1.37 trillion is earmarked for capital expenditure and Rs 3,267 crore for revenue expenditure.

Indian Railways may place mega order for 50,000 wagons in budget

Last year, the government said it plans to purchase 90,000 wagons to transport coal, cement and food grains.

Indian Railway's orders for coaches to boost credit profile of wagon makers: ICRA

The increased order inflow for wagon makers coupled with moderate competitive intensity in the sector is expected to boost the credit profile of these manufacturers, the rating agency said.

Railway wagon industry to grow multi-fold in next few years, will eye 30% of market share: Umesh Chowdhary, MD and CEO, Titagarh Wagons

One of India’s largest private sector wagon makers, Titagarh Wagons expects to win contracts to supply around 20,000 units to Indian Railways over the next three years

After RFID tags, Railways to install GPS in wagons for real-time tracking, preventing artificial shortage: Report

The Railways is expected to install RFID tags in all wagons by the 2022-end. This, combined with the GPS, will minimise the scope of artificial shortage and lead to optimum utilisation, an official reportedly said.

Titagarh Wagons sees govt order of future infantry CVs in a week

The defence ministry has announced to award contracts for the development of future infantry combat vehicles. The ordinance factory board will go up against 5 private players in the fight for a 60,000 crore rupee contract.

India approves USD 318 million loan for Sri Lanka Railways

Sri Lankan government spokesman and minister Gayantha Karunathilake said that the money will be used to improve the signal system from Maho to Anuradhapura in the north central province and from Anuradhapura to Omanthai in the north.

Titagarh expects growth to perk up on strong order book

In May, the company bid for a tender involving 12,000 wagons from Indian Railways, of which the company has received 2,100 wagons worth orders, says Anil Agarwal, CFO of the company.

Weak demand hurting, tiff with Railways resolved: Titagarh

In an interview with CNBC-TV18, Umesh Chowdhary, VC & MD of Titagarh Wagons said that a new government tender is expected in the near-term with provision for 17,000 wagons.

Railway Budget 2015: Appreciate thrust on capacity expansion, says Kalindee Rail

Railway Minister Suresh Prabhu said the government will partner with private sector to improve rolling stock fleet.

Mercedes-Benz recalls 147,000 cars

A week after a similar Mercedes recall of 127,000 cars in China, the company said it needed to fix poorly secured rubber seals on the engines of 2013-2015 E-Class and CLS vehicles.

Tech upgrade via French arm, eyeing rail Budget: Titagarh

The French company is into manufacturing wagons and with this acquisition, Titagarh Wagons is now catering to the demands of various European markets, says vice-chairman Umesh Choudhary.

2,400 wagons order to be executed by April 2015: Texmaco

The wagon maker company is working at 60-70 percent capacity and expects improvement in demand from American market going ahead.

Titagarh Wagons eyes biz growth through demerger, says MD

Titagarh Wagons has planned to merge its heavy earth-moving and mining equipment division with a 100 percent subsidiary, Titagarh Cranes. Umesh Choudhary, MD of Titagarh Wagons told CNBC-TV18, it would help the company grow this segment on its own accord.

Marg enters wagon space with orders from Barithwaite

Infrastructure developer Marg today said it bagged a Rs 37.66 crore worth project from wagon-maker Braithwaite & Co (BCL), thus marking its foray into fabrication of wagons.

Current order book at Rs 500cr says Titagarh Wagons

Umesh Choudhary, MD, Titagarh Wagons in an interview with CNBC-TV spoke about the latest happenings in the company and the road ahead. Titagarh's order book as on March 31 stands at Rs 500 crore and Cimmco's order book is at Rs 250 crore.