Titagarh Rail Systems Ltd 2021 AR2
The report highlights Titagarh Wagons Limited's financial turnaround for the fiscal year 2020-21, achieving a standalone profit after tax of Rs. 5,027.56 lakhs. The company became net debt-free on a standalone basis and secured a major order from Indian Railways for 1,800 wagons worth Rs. 500 crore. Additionally, the company inaugurated a design center in Hyderabad to indigenize railway and metro designs, and its subsidiary, Titagarh Firema S.p.A., flagged off the first aluminum metro train for Pune Metro in Italy. The company also signed a power purchase agreement to procure 4.8 MW of solar power, replacing approximately 25% of its annual electricity demand with clean energy.
Company: Titagarh Rail Systems Ltd
Sector: Manufacturing
Country: India
Year: 2021
Type: AR2
Pages: 240
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Titagarh Rail Systems Ltd
Annual Report
The report highlights Titagarh Wagons Limited's financial turnaround for the fiscal year 2020-21, achieving a standalone profit after tax of Rs. 5,027.56 lakhs. The company became net debt-free on a standalone basis and secured a major order from Indian Railways for 1,800 wagons worth Rs. 500 crore. Additionally, the company inaugurated a design center in Hyderabad to indigenize railway and metro designs, and its subsidiary, Titagarh Firema S.p.A., flagged off the first aluminum metro train for Pune Metro in Italy. The company also signed a power purchase agreement to procure 4.8 MW of solar power, replacing approximately 25% of its annual electricity demand with clean energy.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Published
Sep 27, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees