Latest news with #UmeshChowdhary
The Print
19 hours ago
- Business
- The Print
TRSL's foray into wheelset manufacturing timely amid supply disruptions: Official
The company stated that its plan to stabilise production at around 950 to 1,000 wagons per month was hampered over the past two quarters due to a shortage of wheelsets. It attributed the issue to supply constraints at the Rail Wheel Factory in Bangalore, the mandated supplier under railway board contracts. The company's Freight Rolling Stock vertical reported a 5.6 per cent jump in consolidated revenue to Rs 3,610 crore for FY25, the official said adding that the new vertical aligns with the Centre's push for import substitution and self-reliance under the Atmanirbhar Bharat initiative. Kolkata, Jun 10 (PTI) Titagarh Rail Systems Ltd (TRSL) has entered the forged wheel manufacturing business through a joint venture with Ramkrishna Forgings, aiming to ease the country's ongoing shortage of wheelsets which is crucial for train and coach production, an official said on Tuesday. However, the situation is expected to improve from June onwards as production at the factory is likely to normalise, the TRSL official said. 'One of the most significant developments of the year has been our foray into wheel manufacturing. We see this as a national service and a big opportunity. The import dependence must end,' Vice Chairman and Managing Director Umesh Chowdhary told PTI. India has been heavily dependent on imports of forged wheels from countries like China, Ukraine, and Russia. Geopolitical situations like the war in Ukraine, combined with logistical bottlenecks and limited the global supply chain. There had also been disruptions at the mandated supplier under railway board contracts, Rail Wheel Factory in Bangalore. 'This led to production delays in key rail and Metro projects, including the Vande Bharat trains,' Chowdhary said. TRSL said it aims to not only meet domestic demand but also emerge as a global supplier. 'We are not just creating a facility to meet domestic requirements—we are also looking at becoming a global supplier of forged wheels,' Chowdhary said. The company's current order book stands at Rs 24,526 crore, offering over three years of revenue visibility, according to management. 'This backward integration will give us better control over costs, quality and timelines. It's a strategic move,' the official said. The forged wheels unit is expected to come online in the next financial year, initially catering to Indian Railways, Metro corporations and captive consumption. Industry estimates suggest that India requires over two million railway wheels annually. However, domestic production capacity has historically been constrained, leading to significant reliance on imports. Recent initiatives to enhance indigenous manufacturing aim to reduce this dependence and cushion against potential geopolitical supply disruptions. TRSL is also focusing on exports, digitalisation and electric propulsion technology in partnership with ABB and has recently completed deliveries for the Pune Metro project. PTI BSM NN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
a day ago
- Business
- Time of India
TRSL's foray into wheelset manufacturing timely amid supply disruptions: Official
Titagarh Rail Systems Ltd ( TRSL ) has entered the forged wheel manufacturing business through a joint venture with Ramkrishna Forgings , aiming to ease the country's ongoing shortage of wheelsets which is crucial for train and coach production, an official said on Tuesday. The company's Freight Rolling Stock vertical reported a 5.6 per cent jump in consolidated revenue to Rs 3,610 crore for FY25, the official said adding that the new vertical aligns with the Centre's push for import substitution and self-reliance under the Atmanirbhar Bharat initiative. The company stated that its plan to stabilise production at around 950 to 1,000 wagons per month was hampered over the past two quarters due to a shortage of wheelsets. It attributed the issue to supply constraints at the Rail Wheel Factory in Bangalore, the mandated supplier under railway board contracts. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Winter Garden: Stunning New 2-Bed Senior Apartments (Take A Peek Inside) Senior Apartments | Search Ads Click Here Undo However, the situation is expected to improve from June onwards as production at the factory is likely to normalise, the TRSL official said. "One of the most significant developments of the year has been our foray into wheel manufacturing. We see this as a national service and a big opportunity. The import dependence must end," Vice Chairman and Managing Director Umesh Chowdhary told PTI. Live Events India has been heavily dependent on imports of forged wheels from countries like China, Ukraine, and Russia. Geopolitical situations like the war in Ukraine, combined with logistical bottlenecks and limited the global supply chain. There had also been disruptions at the mandated supplier under railway board contracts, Rail Wheel Factory in Bangalore. "This led to production delays in key rail and Metro projects , including the Vande Bharat trains," Chowdhary said. TRSL said it aims to not only meet domestic demand but also emerge as a global supplier. "We are not just creating a facility to meet domestic requirements-we are also looking at becoming a global supplier of forged wheels," Chowdhary said. The company's current order book stands at Rs 24,526 crore, offering over three years of revenue visibility, according to management. "This backward integration will give us better control over costs, quality and timelines. It's a strategic move," the official said. The forged wheels unit is expected to come online in the next financial year, initially catering to Indian Railways , Metro corporations and captive consumption. Industry estimates suggest that India requires over two million railway wheels annually. However, domestic production capacity has historically been constrained, leading to significant reliance on imports. Recent initiatives to enhance indigenous manufacturing aim to reduce this dependence and cushion against potential geopolitical supply disruptions. TRSL is also focusing on exports, digitalisation and electric propulsion technology in partnership with ABB and has recently completed deliveries for the Pune Metro project.
Time of India
25-04-2025
- Business
- Time of India
Titagarh Rail unveils Vande production line
Kolkata: Titagarh Rail Systems Ltd (TRSL), in collaboration with Bharat Heavy Electricals Ltd (BHEL), unveiled the production line for Vande Bharat sleeper trains at its Uttarpara manufacturing facility on Friday. TRSL had bagged a contract from Indian Railways to manufacture 80 Vande Bharat sleeper train sets. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The prototype trains are expected to roll out in the next year, according to Umesh Chowdhary, TRSL vice-chairman and MD. The plant has an annual capacity of manufacturing 300 coaches, which is being scaled up to 850 to meet increasing demand.
Business Upturn
24-04-2025
- Business
- Business Upturn
Titagarh-BHEL partner for Rs 24,000 crore project as Vande Bharat Sleeper train production begins in Kolkata
By Aditya Bhagchandani Published on April 24, 2025, 23:16 IST In a significant milestone for India's rail infrastructure, Titagarh Rail Systems Limited (TRSL) and Bharat Heavy Electricals Limited (BHEL) inaugurated the Vande Bharat Sleeper Train production line at TRSL's advanced Uttarpara facility in Kolkata. This strategic partnership is part of a massive ₹24,000 crore contract awarded by Indian Railways to build 80 sleeper versions of the semi high-speed Vande Bharat trains. The launch event was attended by senior executives from both companies, including Umesh Chowdhary, Vice Chairman & MD of Titagarh Rail Systems, and Bani Varma, Director at BHEL. A new era in Indian rail travel The Vande Bharat Sleeper Trains mark a revolutionary leap in long-distance passenger travel with their fully indigenous design, modern interiors, and advanced safety features. These semi high-speed trains will deliver enhanced intercity travel comfort and efficiency. With the production line now operational, the first prototype is expected to roll out next year, ushering in a new era of high-speed, overnight rail journeys across India. Smart manufacturing in Uttarpara Titagarh's Uttarpara plant is central to this vision. Boasting Industry 4.0 technologies, robotic lines, and the unique capability to manufacture both stainless steel and aluminium coaches, the facility currently handles 300 coaches annually, with plans to scale up to 850. In line with Make in India 'This project is a shining example of public-private collaboration under the Aatmanirbhar Bharat vision,' said Umesh Chowdhary. 'The production line reflects our ambition to deliver future-ready mobility solutions while making India a global hub for rail innovation.' About Titagarh Rail Systems Limited Titagarh is a leading mobility solutions provider in both India and Italy, known for its wide portfolio of semi high-speed trains, urban metros, freight wagons, and passenger coaches. It plays a vital role in shaping the future of Indian transportation with a strong emphasis on Make in India and Viksit Bharat goals. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
15-02-2025
- Business
- Yahoo
Titagarh Rail Systems Ltd (BOM:532966) Q3 2025 Earnings Call Highlights: Navigating Production ...
Production Challenges: Temporary production issues due to non-availability of wheel sets from the rail wheel factory. Passenger Segment: Rolled out the first stainless steel coach for Bangalore Metro. Traction Motor Production: Achieved production of 100 traction motors in Q3, targeting 150 by June or July 2025. New Business Verticals: Announced two new business verticals: signaling and safety systems, and shipbuilding and maritime systems. Vande Bharat Project: Project initiation in full stream with initial trains in 16-coach configuration, potential extension to 24-coach configuration. Metro Tender Pipeline: Active participation in ongoing metro tenders, leveraging new stainless steel metro line. Warning! GuruFocus has detected 4 Warning Signs with BOM:532966. Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Titagarh Rail Systems Ltd (BOM:532966) successfully rolled out its first stainless steel coach for Bangalore Metro, marking a significant milestone in its passenger segment. The company achieved a milestone by producing 100 traction motors in Q3, with plans to increase production to 150 by mid-2025. Titagarh Rail Systems Ltd (BOM:532966) remains the largest producer of wagons in the quarter, with a production of 2,218 wagons. The company has announced two new business verticals: signaling and safety systems, and shipbuilding and maritime systems, which are expected to drive future growth. The railways have extended the delivery period for Vande Bharat trains without financial implications, allowing the company to adjust its production schedule. Production was impacted by the non-availability of wheelsets from the railway wheel factory, affecting output in the first month of the quarter. There is ongoing uncertainty and delay in the Vande Bharat project due to changes in train configurations, pushing the first train delivery to March 2026. The company faces continued challenges with wheelset supply, which has not yet returned to normalcy. The EBITDA margin for the quarter was slightly lower than expected due to operating leverage disadvantages. The private sector wagon demand remains limited, comprising only 10-15% of the overall demand, which affects potential revenue growth. Q: Is there any impact on the order book due to the change from 16 to 24 coaches per train for Vande Bharat? A: Umesh Chowdhary, Executive Vice Chairman and Managing Director, explained that the change to a 24-car configuration will be done by exercising the option quantity, which will not reduce but potentially enhance the order quantity. There is no commercial impact on the current contract. Q: What is the status of the wheelset supply issue, and how is it affecting production? A: Umesh Chowdhary noted that the wheelset supply issue is ongoing, but the company has received permission to use imported wheels for railway wagons. The problem is expected to resolve in the coming weeks, and the company is working to mitigate the impact. Q: Can you provide an update on the Ahmedabad and Surat Metro projects? A: The Ahmedabad project is on track, with the first train expected in Q1 FY26. Production will start at one train per month, increasing to two. The Surat Metro will follow, with potential overlap in deliveries. Q: What is the outlook for private sector wagon orders and Indian Railway tenders? A: Umesh Chowdhary mentioned that private sector CapEx was subdued but is picking up, as evidenced by recent orders. Indian Railways is expected to issue new tenders in FY26, likely in Q3 or Q4. Q: What are the plans for the new business verticals in signaling and safety systems? A: The company is focusing on three subsegments: rail-mounted vehicles, onboard systems, and electronic systems. Strategic alliances and technology partnerships are being formed, with revenue expected to start reflecting in FY27 and FY28. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
