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The Board of Directors of Titagarh Rail Systems Limited has approved the appointment of Anil Kumar Aggarwal as Deputy Managing Director and Chief Executive Officer (CEO), Freight Rail Systems in the company. After this news, this railway stock is seeing an increase of 4.23 percent. It was trading at Rs 1041.80. This stock has returned more than 121 percent in just six months. Its 52 week high is Rs 1090.95 and low is Rs 432.90. Let us tell you that the Kolkata-based company is a major railway ‘rolling stock’ manufacturer.
According to news agency PTI, Titagarh Rail System Ltd said in a stock market disclosure that the company’s chief financial officer Agarwal was decided to take on the new responsibility on Wednesday. The company said, “The Board of Directors has appointed Anil Kumar Aggarwal, Director (Finance) and Chief Financial Officer as Deputy Managing Director (DMD) and CEO of ‘Freight Rail Systems’ and appointed DMD and CEO (Freight Rail Systems). He will be responsible for the entire business vertical of the company’s freight rail system.
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Changes have also occurred here: Marketing and business development director Prithvish Chaudhary has been given the role of full-time director and named deputy CEO of Passenger Rail Systems. The board also decided to promote joint CFO Saurav Singhania as the chief financial officer of the company. Singhania will also be the ‘Chief Risk Officer’ of the company.
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