Rs 24,526 Crore Order Book: Metro rail engineering company’s Board meeting on July 9 to consider fundraising via securities issuance!

Titagarh Rail Systems Limited (TRSL) has announced that its Board of Directors will convene a meeting on Wednesday, July 9, 2025. The primary agenda for this meeting is to consider, evaluate, and potentially approve a proposal to raise funds. This fundraising could occur through various methods, including a preferential issue, qualified institutional placement, rights issue, or any other permissible mode or combination thereof. Any such issuance will be subject to obtaining necessary statutory and regulatory approvals, including the approval of the company's shareholders, if applicable.

Earlier, the consortium of Titagarh Rail System Limited and its associate company, Titagarh Firema S.p.A, received a Letter of Approval from Maharashtra Metro Rail Corporation Limited for the supply of 12 additional trainsets. This order, valued at approximately Rs 430.53 Crores, comes as a quantity variation under clause A.6 of their existing contract for the "Design, Manufacture, Supply, Testing, and Commissioning of passenger Rolling Stock (Electrical Multiple Units) and Training of Personnel for Pune Metro Rail Project." This domestic project is scheduled for completion within 30 months.

About the Company

Titagarh Rail Systems Limited stands as a premier comprehensive mobility solutions provider, boasting advanced manufacturing facilities in India and Italy. Their expertise lies in the design and production of a diverse portfolio of world-class rolling stock, encompassing everything from modern semi-high-speed trains and urban metros to comfortable passenger coaches and specialised freight wagons, alongside crucial propulsion systems. Driven by innovation and a commitment to excellence, Titagarh Rail Systems actively contributes to India's growth as a manufacturing hub and aims to redefine global transportation standards. The company has a market cap of over Rs 10,000 crore.

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.