Titagarh Rail posted a decline in revenue and profit for FY26, as wheelset availability constraints weighed on wagon production, analysts at Nuvama said
Titagarh Rail bagged a ₹2,481-crore order from the Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Line 5
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Titagarh Rail Systems Ltd (TRSL) on Friday said it has secured a Rs 2,481-crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA) for the design, manufacture, supply and commissioning of 132 metro coaches and associated systems for Mumbai Metro Line 5. The contract also includes signalling for 24.9-km of track, telecommunication systems across 16 stations, platform screen doors, depot machinery and five years of comprehensive maintenance, a statement said. The project covers both Phase 1 (Kapur Bawdi-Kasheli-Dhamankar Naka) and Phase 2 (Dhamankar Naka-Bhiwandi-Kalyan APMC) of the Line 5 corridor. This is Titagarh Rail Systems' second major order for Mumbai Metro, following its earlier mandate for Line 6, it said. This milestone demonstrates Titagarh's growing expertise in delivering end-to-end metro solutions, said Vice Chairman and MD Umesh Chowdhary. Manufacturing will take place at TRSL's advanced Passenger Rail Systems facility in Uttarpara near Kolkat
The implementation of Government's plans to radically improve the railway infrastructure is expected to keep the demand for railway products strong in future
The Mumbai Railway Vikas Corporation (MRVC) has invited bids for 2,856 air-conditioned coaches for the suburban rail network under the 'Vande Metro' initiative, a contract valued at nearly ₹21,000 cr.
Titagarh Rail Systems Ltd (TRSL) on Friday said its Shipbuilding and Maritime Systems Division has secured its largest-ever order valued at Rs 467.25 crore from Garden Reach Shipbuilders & Engineers (GRSE). The order pertains to the construction and delivery of two Coastal Research Vessels (CRVs) for the Geological Survey of India. The CRVs will be equipped to conduct seabed geology studies, mineral exploration, ocean environment monitoring and long-duration scientific research, bolstering India's maritime research infrastructure, according to a statement. TRSL had earlier delivered specialised vessels, including CRVs for the National Institute of Ocean Technology (NIOT), it said. The company has also executed projects such as ICGS Kamla Devi (FPV) and MV Ma Lisha (Cargo RoPax) for Guyana. It has delivered over 35 vessels so far, and continues to build on its maritime systems expertise, the statement said. The company had recently announced that it will incorporate a wholly-owned
Titagarh Rail, Texmaco Rail and Transrail Lighting shares were in demand on Friday after these railway-related companies reported winning orders worth ₹1,385 crore collectively.
Titagarh Rail Systems shares advanced 5.2 per cent on Tuesday, an intra-day high at ₹818 per share on BSE, despite posting weak Q1; here's why
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.
Titagarh Rail Systems Ltd has acquired 40 acres of land in West Bengal for ₹126 crore to expand production capabilities for Vande Bharat and metro coaches.
Titagarh Rail Systems share price gained 3 per cent on bagging order from Maharashtra Metro Rail Corporation Limited
PSU railway stocks trade at several times book value (net worth) and at very rich price-earnings (P/E) multiples, the Kotak report said