Titagarh Rail Systems shares gain 3% after Indian Railways' approval for traction motor supply

Titagarh Rail Systems shares gain 3% after Indian Railways' approval for traction motor supply

Titagarh Rail Systems shares rose after Indian Railways approved the company as a vendor for supplying three-phase asynchronous traction motors for locomotives. The approval allows Titagarh to supply up to 1,200 traction motors annually, boosting its prospects in the railway equipment segment.