Latest news with #TitagarhRailSystemsLtd
Hans India
04-08-2025
- Business
- Hans India
Titagarh Rail Systems bags Rs 1,600-crore contract to supply 108 coaches to Mumbai Metro
Titagarh Rail Systems Ltd (TRSL) has received a Rs 1,598.55-crore contract for manufacturing 108 coaches for Mumbai Metro, a company official said on Monday. TRSL received a Letter of Acceptance (LoA) for the design, manufacture, supply, installation, integration, testing and commissioning of the coaches for Mumbai Metro's Line 6, he said. "The margin of this new metro contract remains consistent with the current trend of 9-10 per cent. This will improve once we ramp up capacity, and the ongoing backwards integration is complete," TRSL's Deputy MD Pritish Chowdhary told PTI. Currently, each coach costs on average Rs 10-11 crore, depending on facilities and requirements of the customer, he said. The contract has been awarded by NCC Ltd, which is executing the project for the Mumbai Metropolitan Region Development Authority (MMRDA). The scope includes five years of comprehensive maintenance, following a two-year defect liability period, the company said. As the specialised subcontractor for rolling stock for Line 6, connecting Swami Samarth Nagar to Vikhroli (Eastern Express Highway), TRSL will deliver 18 train sets comprising six coaches each, it said. The design-build phase is expected to be completed within 104 weeks, after which the maintenance period will commence, it added. The company said the order further strengthens its presence in the Indian urban transit segment, aligning with its broader growth strategy in rail mobility solutions. TRSL has an integrated manufacturing facility at Uttarpara in West Bengal's Hooghly district.
Business Upturn
04-08-2025
- Business
- Business Upturn
Titagarh Rail shares jump 3% after securing Rs 1,598 crore Mumbai Metro contract from NCC
By Aman Shukla Published on August 4, 2025, 09:34 IST Titagarh Rail Systems Ltd saw its shares rise 3% in early trade after the company announced it had bagged a major order worth ₹1,598.55 crore for the Mumbai Metro Rail Project. The Letter of Acceptance (LOA) was officially issued by NCC Limited on August 2, 2025. As of 9:33 AM, the shares were trading 2.43% higher at Rs 856.50. The contract involves the design, manufacturing, supply, integration, testing, and commissioning of 108 metro coaches for Mumbai Metro Line 6. The order covers 18 trains, each comprising six cars, which will operate on the corridor connecting Swami Samarth Nagar to Vikhroli (Eastern Express Highway). Besides rolling stock delivery, the agreement also includes a two-year Defect Liability Maintenance Period and an additional five-year comprehensive maintenance contract—extending Titagarh Rail's involvement in Mumbai's metro infrastructure over the long term. The design-build portion of the project is expected to be completed within 104 weeks. The maintenance phase will follow upon successful commissioning. The project was awarded by NCC Limited, a domestic infrastructure firm, under the broader Mumbai Metropolitan Region Development Authority (MMRDA) plan. Titagarh Rail also confirmed that this is not a related-party transaction and that neither its promoters nor group companies hold any stake in NCC. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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.
Business Standard
30-06-2025
- Business
- Business Standard
Titagarh Rail Systems Ltd Spikes 2.41%
Titagarh Rail Systems Ltd has added 7.51% over last one month compared to 1.17% gain in BSE Capital Goods index and 3.16% rise in the SENSEX Titagarh Rail Systems Ltd rose 2.41% today to trade at Rs 958.6. The BSE Capital Goods index is up 0.52% to quote at 71920.7. The index is up 1.17 % over last one month. Among the other constituents of the index, Zen Technologies Ltd increased 2.34% and Bharat Heavy Electricals Ltd added 2.06% on the day. The BSE Capital Goods index went down 0.56 % over last one year compared to the 6.32% surge in benchmark SENSEX. Titagarh Rail Systems Ltd has added 7.51% over last one month compared to 1.17% gain in BSE Capital Goods index and 3.16% rise in the SENSEX. On the BSE, 20125 shares were traded in the counter so far compared with average daily volumes of 2.16 lakh shares in the past one month. The stock hit a record high of Rs 1896.5 on 27 Jun 2024. The stock hit a 52-week low of Rs 655.3 on 04 Mar 2025.
