Rs 24,526 Crore Order Book: Railway company bags order worth Rs 1,598.55 crore from NCC Ltd

Titagarh Rail Systems Limited (TRSL) has announced that it has received a Letter of Acceptance from NCC Limited for a significant order related to the Mumbai Metro Rail Project. The contract, valued at approximately Rs 1,598.55 crore, names TRSL as the specialised subcontractor for the rolling stock of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)]. The scope of work is comprehensive, covering the design, manufacture, supply, installation, integration, testing and commissioning of 18 trains, each with 6 cars, for a total of 108 metro coaches.

This substantial domestic contract also includes a long-term commitment to the project, with TRSL responsible for a two-year Defect Liability Maintenance Period followed by five years of Comprehensive Maintenance. The initial Design-Build period is set for 104 weeks. This order not only underscores TRSL's expertise in delivering end-to-end solutions for complex metro projects but also reinforces its strategic position as a key player in India's rapidly expanding urban transportation and railway infrastructure sector.

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 12,000 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 590 per cent in just 3 years and a whopping 1,965 per cent returns in 5 years.

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