Latest news with #TitagarhRailSystem
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Business Standard
8 hours ago
- Business
- Business Standard
Why did Titagarh Rail Systems shares rise 5% despite posting weak Q1 nos?
Titagarh Rail Systems shares advanced 5.2 per cent on Tuesday, August 12, 2025, and logged an intra-day high at ₹818 per share on BSE. The stock rose after the company posted its Q1 results on Monday, after market hours. At 10:07 AM, Titagarh Rail System's share price was trading 3.93 per cent higher at ₹807.45 per share. In comparison, the Sensex was 0.45 per cent lower at 80,970.41. Titagarh Rail Systems Q1 results In the first quarter ended June 2025, the company reported a 54 per cent year-on-year (Y-o-Y) decline in net profit to ₹30.86 crore, as compared to ₹67.01 crore. Its revenue from operations for the quarter stood at ₹679.3 crore, as compared to ₹903.05 crore a year ago. Umesh Chowdhary, Vice Chairman and Managing Director, in a statement, said that the drop in production during the quarter is only a blip and the company has already started recovering due to improved wheelset supplies in the past weeks by the Indian Railways, and the company will be able to re-rurn to normal production within Q2FY26. Further, the company's Wagon despatches stood at 1628 on account of extremely poor supplies of wheelsets from Rail Wheel Factory, Bangalore, which has normalised now. However, the company is confident of recovering the loss of production in the Q1FY26 in the balance quarters to be in line with wagons delivered in FY25 of 9431 wagons. New orders booked during the period stood at ₹2,469 crore, taking the overall order book to ₹26,000 crore, including its share in Joint venture. The company also entered into a 99-year lease agreement dated July 12, 2025, with the Governor of West Bengal for approximately 40.009 acres of land contiguous to its existing factory at Uttarpara, West Bengal, at an aggregate cost of ₹137 crore. The strategic nature of this land parcel provides crucial space for establishing enhanced production infrastructure, and dedicated areas for testing and commissioning of metro coaches and Vande Bharat trains. About Titagarh Rail Systems Limited Titagarh is a comprehensive mobility solution provider with factories in West Bengal and Rajasthan. The company is committed to meeting the diverse requirements of passenger and freight rail systems. Titagarh specialises in crafting cutting-edge transportation solutions, including semi high-speed trains, urban metros, passenger coaches, propulsion equipment, and a wide array of wagons, including specialized ones.
New Indian Express
2 days ago
- Business
- New Indian Express
Yellow line to finally cross finish line
BENGALURU: After eight years, Bengaluru's much-awaited Yellow Line of Namma Metro, stretching 19.15 km from RV Road to Bommasandra, will finally be inaugurated by Prime Minister Narendra Modi on August 10 (Sunday). The fully elevated corridor with 16 stations will expand the Namma Metro network to 96 km, making it the second largest metro network in the country behind Delhi Metro (395 km, including NCR). The PM will also lay the foundation stone for Metro Phase 3, also called Orange Line. The line with 31 stations will span 44.65 km and will be built at an estimated cost of Rs 15,611 crore. Yellow Line, which faced several delays, particularly due to non-availability of trains, is expected to significantly ease traffic congestion, particularly at the infamous Central Silk Board junction, and transform connectivity to Electronics City, one of India's largest technology and industrial hubs. The line passes through a key tech corridor housing major companies, while improving access to residential areas, hospitals, educational institutions, and industrial clusters of South Bengaluru. It also offers interchanges with the Green Line at RV Road, the upcoming Pink Line at Jayadeva, and the Blue Line at Central Silk Board. The line will operate with three available trains at a frequency of 25 minutes, manufactured and supplied by the Titagarh Rail System. Equipped with a modern Communication-Based Train Control (CBTC) system, the Yellow Line is designed for fully-automated driverless operations (GoA-4). However, Bangalore Metro Rail Corporation Ltd (BMRCL) will begin services in semi-automated mode (GoA-2) with loco pilots in the beginning. The delay is due to pending integration of key systems, regulatory approvals, and staff training. Full automation will commence once GoA-4 software and safety validations are completed.
