Rs 24,526 Crore Order Book: Metro Rail Engineering Company Leases 40 Acres for Metro and Vande Bharat Coach Testing

Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) announced today, July 12, 2025, that it has entered into a 99-year lease agreement with the Governor of West Bengal for approximately 40.009 acres of contiguous land. The land, located at Mouza Kotrung and Mouza Bhadrakali, Uttarpara, West Bengal, was acquired for an aggregate consideration of Rs 126.63 Crores. This strategic acquisition is aimed at establishing additional production infrastructure, including dedicated areas for the forming, testing, and commissioning of metro coaches and Vande Bharat trains.

The company plans to build a test track of sufficient length on this land to conduct comprehensive performance and safety validation, including dynamic and running tests, for all trains before they are delivered for passenger use. The newly leased land is contiguous to Titagarh Rail Systems' existing Uttarpara manufacturing facility, which spans approximately 34 acres. This expansion is considered critical for the company's passenger rolling stock business in the Indian infrastructure space, specifically for metro coaches and Vande Bharat coaches, as well as specialised rolling stock for Indian defence, all of which the company is currently executing.

About Titagarh Rail Systems Limited

Titagarh Rail Systems Limited, originally incorporated as Titagarh Wagons Limited in July 1997 and renamed in May 2023, is a prominent Indian rolling stock manufacturer. The company is primarily engaged in the manufacturing and selling of a diverse range of products including freight wagons, passenger coaches, metro trains, heavy earthmoving and mining equipment, train electricals, steel castings, specialized equipment and bridges, and ships. Its operations are broadly structured across five business lines: Wagon Manufacture, Heavy Earth Moving & Mining Equipment, Foundry Division, Rail Coach Division, and Special Projects. Titagarh is also notably the only private company registered with the Ministry of Defence, Government of India, for manufacturing Bailey bridges and related accessories. The company has expanded its global footprint through factories in India and Italy, catering to both domestic and international markets, and has been involved in significant projects such as the manufacturing and maintenance of Vande Bharat trainsets and metro rail cars for various Indian cities.

According to the Quarterly Results, the net sales decreased by 4.5 per cent to Rs 1,005.57 crore and net profit decreased by 18.4 per cent to Rs 64.45 crore in Q4FY25 compared to Q4FY24. In FY25, the company reported net sales of Rs 3,867.75 crore and net profit of Rs 276.39 crore.

The order book stands at Rs 24,526 crore as of March 31, 2025. Where Rs 11,200 crore order book stands for the company and Rs 13,326 crore order book share from the joint venture. The stock gave multibagger returns of 800 per cent in just 3 years and a whopping 2,390 per cent returns in 5 years.

Disclaimer: This article is for informational purposes only and is not intended as investment advice.