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The latest announcement is out from Construcciones y Auxiliar de Ferrocarriles ( (ES:CAF) ).
CAF has secured a significant contract with Morocco’s national railway operator, ONCF, to supply 30 intercity trains, marking its first project in the country. This contract, valued close to 600 million euros, is part of Morocco’s infrastructure modernization plan and aims to improve railway services ahead of the 2030 FIFA World Cup, significantly enhancing regional connectivity.
More about Construcciones y Auxiliar de Ferrocarriles
Construcciones y Auxiliar de Ferrocarriles (CAF) operates in the rail transport industry, providing modern trains and related services. The company focuses on supplying high-performance and comfortable intercity trains, enhancing regional connectivity and expanding passenger transport capacities.
YTD Price Performance: 3.42%
Average Trading Volume: 1,367
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €1.24B
See more insights into CAF stock on TipRanks’ Stock Analysis page.