Titagarh Wagons announced that the company has received Letter of Intent (LoI) from the National Institute of Ocean Technology under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two Coastal Research Vessels valued at about Rs 1 billion.

The above order is in consolidation of the order book position of the Shipbuilding vertical of the company.

Total volume of shares traded on the bourses today was lower by 45.40% to 1,028,761 compared with 22-day average volume of 1,884,303.

Shares of the company gained Rs 4.75, or 4.31%, to trade at Rs 114.85. The total volume of shares traded was 148,320 at the BSE (9.27 a.m., Tuesday).