Latest news with #Titagarh
Time of India
3 days ago
- Business
- Time of India
Yellow Line: How persistent interventions unlocked B'luru's long-pending corridor
Bengaluru: After half a dozen missed deadlines, Namma Metro 's all-important Yellow Line will finally be thrown open to the public on Aug 10 by Prime Minister Narendra Modi . This marks an important day for Bengaluru, particularly the southern part of the city, as the 19.15-km RV Road-Bommasandra line is a crucial link between Bengaluru's IT-BT hub and its residential heartlands. The Yellow Line will ease commutes from Basavanagudi to Electronics City, cutting travel time and reducing private vehicle usage. While we celebrate this win for mass transit, there are some important lessons that BMRCL, policy makers and the public can draw from the Yellow Line saga. *A promising start, then years of delay You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The civil works began in 2018 with an original completion target of 2021, but initial setbacks in land acquisition caused early delays. The Covid-19 pandemic further slowed progress in completing the construction, and geopolitical tensions between India and China after the Galwan clash presented new challenges to production and delivery of train sets. I held inspections to assess the situation even in early 2022, which revealed multiple bottlenecks. By 2023, it had become clear that there was a serious lack of coordination between stakeholders, and the absence of a full-time managing director at BMRCL only worsened the problem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Prices of Solar Panels Might Actually Surprise You Solar Panels | Search Ads Get Info Undo That was when I started a campaign to get a full-time MD appointed. After about three months of efforts at both state and central levels, we got full-time leadership for Namma Metro. *Bridging the gaps But this was only one part of the solution. In 2023, even while civil work was almost nearing completion, there was no clarity on the delivery of trains. Originally, rolling stock for the Yellow Line was to be supplied by CRRC Nanjing (China). But later, it was decided to manufacture them in India with a local partner. Finally, Kolkata-based Titagarh Rail Systems Ltd and CRRC put up a factory to manufacture the trains. However, they were plagued with multiple issues, including non-delivery of TCMS (Train Control and Management System) by MELCO which was months behind the schedule. Looking to iron out these issues, I convened multiple meetings with CRRC, Titagarh and BMRCL, where we pushed CRRC to provide two prototype trains by Jan 2024 — three months ahead of what was initially committed. In Oct 2023, I visited Titagarh's Kolkata plant — one of my two visits — to overlook the start of the domestic production there. Titagarh, I learnt during my visit, also had other deliveries to be completed for Pune Metro and elsewhere. But I pushed them to set up a dedicated manufacturing line exclusively for Yellow Line. *Exploring the diplomatic front Another major bottleneck was obtaining the visa clearances for the engineers from CRRC Nanjing as was securing customs clearances from Kolkata port for rolling stock from CRRC. This was fast-tracked by holding multiple meetings with ministers and officials of Union home ministry, external affairs, finance ministry and Indian Consulate in Shanghai. Finally, we had three train sets with us and safety audits began this year. To avoid further delays, pressure was mounted on the BMRCL leadership to start services even with just these three sets. Finally, to ensure BMRCL did not take public patience for granted, we organised a citizens' march to BMRCL head office, last month along with RWAs, citizen activists, and Metro commuters. This led to a public commitment from the MD to open the line by Aug 15. To hold the agency accountable to this promise, a countdown campaign for the inauguration of the Yellow Line was launched. *Pushing further During all this time, I also kept up the ante on the Yellow Line in Parliament, raising the issue of the delayed project twice in Lok Sabha this year, along with highlighting the steep fare hike. With the CMRS approval completed on July 30 for the line, I made an appointment with the Prime Minister on July 31. The PM stressed that the project inauguration must not be delayed any further and gave an immediate date for the inauguration of the programme in Bengaluru. box LESSONS TO LEARN The Yellow Line is a big win for Bengaluru, albeit delayed. But it is important to reflect on the lessons we can learn from this journey: *The need for a full-time leadership for public transport institutions is clear. Until early 2024, the MD was holding a dual role. A dedicated full-time leadership could have ensured faster decisions and better coordination. * The importance of standardisation across Metro systems cannot be ignored. Differences in coach, track, and power specifications mean rolling stock cannot be borrowed or rented from other cities, even in emergencies. In the case of Yellow Line, this prevented Bengaluru from sourcing trains elsewhere to offset delays. *Flaws in the tendering process need addressing. Procurement should evaluate the best overall bid, factoring in delivery capacity and track record, not just price, while also prioritising Indian manufacturers. *Land acquisition practices must improve. Awarding tenders before completing land acquisition invites delays and cost escalations. The state govt should ensure all land is secured before project contracts are issued. (The author is a Member of Parliament, representing Bangalore South in the Lok Sabha. He is also the National President of the Bharatiya Janata Yuva Morcha)
Business Upturn
21-07-2025
- Business
- Business Upturn
Titagarh Rail secures Rs 312.69 crore wagon supply order from Indian Railways
Titagarh Rail Systems has received a Letter of Advance Acceptance (LOA) from the Ministry of Railways for a significant new order. The contract is for the manufacture and supply of 780 BVCM-C wagons, with a total order value of approximately ₹312.69 crore. This is a domestic contract, and the project is expected to be completed within nine months from the date the final contract is placed. The company confirmed that this deal does not fall under any related party transactions, and there is no promoter group interest involved in the awarding entity. This order strengthens Titagarh's ongoing relationship with Indian Railways and adds to its growing pipeline of domestic manufacturing projects. In the meantime, Titagarh Rail shares opened at ₹927 today and, at the time of writing, touched a high of ₹939 during the session. The stock also hit a low of ₹916.20. Currently, it trades well below its 52-week high of ₹1,707.70, while staying above its 52-week low of ₹654.55. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
13-07-2025
- Business
- Business Standard
Titagarh Rail acquires 40 acres of land for ₹126 cr in Bengal for expansion
Titagarh Rail Systems Ltd has secured a 40-acre land parcel on lease from the West Bengal government for ₹126 crore to boost production of Vande Bharat and metro coaches, the company announced in an exchange filing. A 99-year lease agreement was formalised with the state on 12 July 2025, for a total consideration of ₹126.63 crore. Titagarh Rail Systems operates in the railways, shipbuilding, infrastructure, and defence sectors. It manufactures freight wagons, passenger and metro coaches, modular bridges, and defence equipment, offering solutions for both domestic and international markets. The leased land, located in the mouzas of Kotrung and Bhadrakali, is adjacent to Titagarh's current 34-acre plant in Uttarpara, making it a strategic addition to support the company's expansion efforts. The newly acquired land will be used to develop additional production infrastructure, along with designated areas for forming, testing, and commissioning metro coaches and Vande Bharat train coaches. Fundraising Earlier this week, the company announced plans to raise ₹200 crore through a preferential issue of warrants to promoters. The company plans to utilise the funds for strategic development, including investment in state-of-the-art plant and machinery to support manufacturing expansion. A portion of the funds will be allocated towards working capital, enhancing the company's ability to secure new orders. Additionally, investments will be made in advanced technology and automation to develop future-ready rail solutions. As of 31 March 2025, Titagarh's consolidated order book stood at ₹11,200 crore, with 62 per cent consisting of passenger rolling stock and 38 per cent freight.
Time of India
13-07-2025
- Business
- Time of India
Titagarh Rail acquires 40 acres of land in Bengal for expansion
Titagarh Rail Systems Ltd has acquired around 40 acres of land on lease for Rs 126 crore from the West Bengal government, a move that will help the company ramp up production of Vande Bharat coaches and metro cars at its Uttarpara facility in Hooghly district, an official said. The land parcel spread across mouzas Kotrung and Bhadrakali is contiguous to Titagarh's existing 34-acre plant at Uttarpara, making it a critical addition to the company's expansion plans, he said. The 99-year lease agreement, signed on July 12, 2025, with the state, involves a consideration of Rs 126.63 crore, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Desert Order Undo "The additional land will enable us to establish extra production infrastructure and dedicated areas for forming, testing, and commissioning of metro coaches and Vande Bharat trains," the company said in a regulatory filing on Saturday. A test track of adequate length will also be set up to ensure comprehensive performance and safety validation before delivery, it said. Live Events The expansion will support Titagarh's plan to scale up its production capacity from 300 cars per year to around 850 annually by FY'28. The company will also raise Rs 200 crore through a preferential issue of warrants to members of the promoter group. As of March 31, 2025, the company's consolidated order book stood at Rs 11,200 crore, with 62 per cent comprising passenger rolling stock and 38 per cent freight. Its joint ventures hold an additional Rs 13,326 crore of orders, including wheelsets with Ramkrishna Forgings and Vande Bharat coaches with BHEL.
Economic Times
12-06-2025
- Business
- Economic Times
Texmaco Rail could be railway sector's dark horse: Mayuresh Joshi
"The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark," says Mayuresh Joshi, Head Equity, Marketsmith India. ADVERTISEMENT What is it that you are making, still early details yet and we are getting takeaways from the cabinet meet which is currently underway on an approval of overs Rs 3,000 crore for railway projects. Mayuresh Joshi: Two things -- one, in terms of the approval ticker that you are just seeing on your screen that is something which is incrementally positive for these rail stocks and again the allocation that has been made in budgetary terms has been a decent one. So, whether you are talking about commissioning of new lines, changing from the gate system that you probably got, and expectations in terms of more coach is expected whether it is Vande Bharat or the metro coaches as well, so there is sufficient work at play. The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark. So, margin expansion beyond that seems improbable and therefore it is how much you execute which also is probably time bound to a certain extent, which means that there is a definite sense of earnings coming through with definite margins expected to come through. On the other hand, the other infrastructure or the support related stocks that you are speaking about, the likes of an IRCTC as an example, even the financing stocks as far as railways are concerned the whole expectations in the ecosystem in terms of the working capital cycle is something to be seen out for as well. So, again, they do give these selective sporadic moves. But are they structural in nature? My own sense is that because of the lumpiness in earnings, the earnings are always not reflected in a compounded demand on an annualised basis and therefore, they become very-very stock specific. From a momentum perspective, stocks can continue showing momentum in my opinion. And also, Tex Rail is one stock if they continue doing well in terms of execution, the kind of ecosystem that they have probably created and the expectations in terms of the balance sheet growth, specifically the recovery we have seen after covid and the sluggishness in the past two years, if they are able to overcome that, I think that probably can be a dark horse from the railway theme. ADVERTISEMENT What is your own sense because at a time when we are still awaiting some details coming in from US and China's talks in London and it seems like there is some headway definitely on the talks, but on the other hand you have companies like Maruti already slashing their production targets for their newest entrant in the e-club that is e-Vitara and they are talking about…, while they are going to be making up the targets eventually in the year for the next two to three months, they are actually scaling back. Mayuresh Joshi: No, so if you probably look at the proportion in terms of the EV cars or the EV platforms or the EV models as a percentage of the overall top line, it is still not a major component and therefore with this whole rare earth magnet issue that is expected to continue, if the resolution comes in as you are putting out, I think that is great news for global auto stocks, that is great news for the auto industry in general. But if this lingers on a tad a bit more, like Maruti has likewise put in his statement, maybe the short-term pain might be there. But as supply chains probably get worked out again, the second half there will be some element of recovery that one really expects. But if there is a resolution that comes through quicker than one really expects, the expectations in terms of normalisation of volumes specifically on new launches as far as EV cars are concerned, might actually continue doing well. ADVERTISEMENT Now in the Indian context, the expectation in terms of competition intensity, pricing, all that is going to play a big part in terms of how volume growth probably takes place and take shape as well and there is a huge ecosystem in terms of the appetite for EV cars and the adoption of EV infrastructure as well whether you are calling for fast chargers or fast charging stations as well. So, to that extent it is an evolvement as we speak and therefore within the space itself what we really continue to hold in our global portfolios within the PV space, M&M is something that we still continue liking and holding and within two wheelers TVS Motors. (You can now subscribe to our ETMarkets WhatsApp channel)
