Titagarh Wagons hiked around 7 percent on Tuesday morning after the company received a mammoth order worth INR 1,560 crore. The company finally has been awarded with the contract for manufacturing & supplying of 5858 wagons to the Indian Railways.

The wagons are BOXN HL types that are specially designed to carry heavy materials like stones, steel, coal, etc. And the value of this order is INR 1,560 Cr. According to the contract, around 1686 wagons (one-third of total quantity) is to be delivered within 6 months & remaining quantity of wagons is to be supplied before February 28, 2020.

The share price touched its 52-week low INR 61.60 and 52-week high INR 182.15 on October 10 and 16 January 2018 respectively.

At 3:59 PM, 11 December 2018, the share price was quoting INR 71.75 up INR 5.50 or up 8.30%.