Titagarh Rail Systems expects rapid growth in passenger rail business
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Kolkata: City-based Titagarh Rail Systems (TRS) is expected to experience significant growth in its passenger rail business over the next few years. TRS deputy MD Prithish Chowdhary said that although TRS was known for being a wagon maker, the passenger vertical would overtake its freight business going forward.
TRS is now manufacturing coaches for Bengaluru, Ahmedabad, Surat and Pune Metro at its Uttarpara factory.
"We entered the passenger rail business as the govt wanted to incentivise the sector. We are also manufacturing Metro coaches," he said. Chowdhary said the passenger rail business consisted of 5-6% of the company's total business last year. However, in the next few years, it is poised for a big leap. Chowdhary said that in the next 4-5 years, the passenger rail business has the potential to reach 50% or even 60%.
He said the passenger order book is now 62%, while freight is 38%. The total order book of the company is Rs 24,500 crore. He said the company had already delivered 33 of the 34 trains ordered by Ahmedabad Metro.
TRS diversified into the passenger segment in 2007. The company has facilities in Savona and Caserta in Italy. In India, it has facilities in Kolkata, Bharatpur, Hyderabad, Chennai, and Bangalore.
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