Latest news with #TitagarhRailSystems
Business Standard
6 days ago
- Business
- Business Standard
Titagarh Rail Systems gains on securing LoA from NCC
Titagarh Rail Systems advanced 1.86% to Rs 852.65 after the company secured a letter of acceptance (LoA) worth Rs 1,598.55 crore from NCC for the Mumbai Metro Rail project under the Mumbai Metropolitan Region Development Authority (MMRDA). Shares of NCC rose 1.10% to currently trade at Rs 216.25 on the BSE. In a regulatory filing, the company stated that the contract is for the design, manufacturing, supply, installation, integration, testing, and commissioning of rolling stock for Mumbai Metro Line 6, which runs from Swamy Samarth Nagar to Vikhroli. The scope of the project also includes 5 years of comprehensive maintenance, following a two-year defect liability maintenance period, further highlighting Titagarhs capabilities in providing end-to-end metro rail solutions. The total execution period includes a Design-Build Period of 104 weeks (2 years), followed by a Defect Liability Maintenance Period (DLMP) of 2 years, and an additional 5 years of comprehensive maintenance thereafter. The broad commercial value of the order is approximately Rs 1,598.55 crore. The company clarified that the order does not fall under related party transactions, and none of the promoters, promoter group, or group companies have any interest in NCC, the entity that awarded the contract. Titagarh Rail Systems (formerly known as Titagarh Wagons) is mainly engaged in the manufacturing and selling of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialised equipments & bridges, ships, etc. The company caters to both domestic and export market. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges, flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc.
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Business Standard
6 days ago
- Business
- Business Standard
This railway wagon maker rises 3% on securing ₹1,599-cr order from NCC
Titagarh Rail Systems share price: Titagarh Rail Systems shares were buzzing in trade on the first trading day of the week i.e. Monday, August 4, 2025, with the scrip rising as much as 2.96 per cent to an intraday high of ₹861.85 per share. Around 10:30 AM, Titagarh Rail Systems share price was trading 1.55 per cent higher at ₹850. In comparison, BSE Sensex was trading 0.22 per cent higher at 80,781 levels. What sparked the northward move in Titagarh Rail Systems share price? Titagarh Rail Systems' share price rose after the company announced it had secured a major order from NCC Limited. The contract, valued at ₹1,598.55 crore, involves the design, manufacture, supply, installation, integration, testing, and commissioning of metro coaches. In an exchange filing, Titagarh Rail Systems stated, 'We wish to inform you that the Company, in its capacity as the specialised subcontractor for rolling stock in the tender of MMRDA, has received Letter of acceptance dated 2nd August 2025 from NCC Limited for 'Design, Manufacture, Supply, Installation, Integration, Testing and Commissioning of Rolling Stock (18 trains of 6 cars each to taking to 108 metro coaches) including 5 years of Comprehensive Maintenance after 2 years of Defect Liability Maintenance Period of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)] of Mumbai Metro Rail Project of Mumbai Metropolitan Region Development Authority (MMRDA). The order value is about ₹1,598.55 crore.' About Titagarh Rail Systems Titagarh Rail Systems, previously known as Titagarh Wagons Limited, is a rolling stock manufacturer in the private sector. Founded in 1984 in Kolkata, the company began as a rolling stock foundry unit. Later, the company expanded its offerings by transitioning from manufacturing railway components to producing complete freight wagons. Now, Titagarh Rail Systems is involved in designing, manufacturing, and supplying a diverse range of products, including freight wagons, semi high-speed trains, metro coaches, transit and propulsion systems, and passenger coaches for Indian Railways and international markets. The market capitalisation of Titagarh Rail Systems is ₹11,447.27 crore, according to BSE. The company falls under the BSE 500 index category. The 52-week high of Titagarh Rail Systems share is ₹1,566.95, while its 52-week low is ₹655.30 per share.
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
Business Standard
14-07-2025
- Business
- Business Standard
Titagarh Rail inks 99-year lease for 40 acres land in West Bengal for Rs 127-cr
Titagarh Rail Systems said that it has entered into a 99-year lease agreement with the Governor of West Bengal for 40.009 acres of contiguous land at Mouza Kotrung & Mouza Bhadrakali, Uttarpara, West Bengal, for an consideration of Rs 126.63 crore. The strategic importance of this land parcel lies in its potential to provide vital space for expanding production infrastructure. It will feature dedicated areas for the manufacturing, testing, and commissioning of metro coaches and Vande Bharat trains. This will facilitate comprehensive performance and safety validation, including a test track of adequate length to conduct dynamic and running tests on all trains before their delivery for passenger use. The additional land, contiguous to its existing 34-acre Uttarpara manufacturing facility, is strategic and critical for the expansion of the company's passenger rolling stock business in the Indian infrastructure sector. This includes the production of metro coaches, Vande Bharat trains, and specialized rolling stock for the Indian defence, all of which are currently being executed by the company. Titagarh Rail Systems (formerly known as Titagarh Wagons) is mainly engaged in the manufacturing and selling of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialised equipments & bridges, ships, etc. The company caters to both domestic and export market. The company reported 18.36% decline in consolidated net profit to Rs 64.45 crore in Q4 FY25 as against Rs 78.95 crore posted in Q4 FY24. Revenue from operations decreased 4.45% year-on-year (YoY) to Rs 1,005.57 crore in the quarter ended 31 March 2025. Shares of Titagarh Rail Systems rose 0.17% to Rs 931.20 on the BSE.
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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.
