Railway Budget 2014: To encourage wagon leasing mkt a positive step: Titagarh

Written By Unknown on Selasa, 08 Juli 2014 | 15.45

Umesh Choudhary, Vice chairman, Titagarh Wagons says the Railway Minister spoke of restructuring the rail minister, which is a bold statement.

Umesh Choudhary, Vice chairman,  Titagarh Wagons says some of the positives from the Rail Budget were that the minister spoken of India being the largest freight carrying railway, but it is a long road to travel because we are at a billion tones and China is at 4 billion ones with the same track capacity in an inteview to CNBC-TV18.

He also spoke about restructuring the railway ministry, which is a bold statement. He said he would encourage the wagon leasing market, which is again a positive.

However, the operating ratio having touched 94% is alarming thing.

One very important thing the minister spoke was time bound decision making in railways, which has been lacking. So,if that can be introduced in a systematic manner then that in itself would be a huge benefit for industry like ours and others, says Choudhary.

stay tuned for  more

Titagarh Wagons stock price

On July 08, 2014, at 14:11 hrs Titagarh Wagons was quoting at Rs 314.05, down Rs 16.5, or 4.99 percent. The 52-week high of the share was Rs 342.00 and the 52-week low was Rs 69.85.


The company's trailing 12-month (TTM) EPS was at Rs 1.87 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 167.94. The latest book value of the company is Rs 320.68 per share. At current value, the price-to-book value of the company is 0.98.


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