Rs 26,000 Crore Order Book: Engineering Solution Provider Delivered the First Diving Support Craft to Indian Navy

Titagarh Rail Systems Limited (TRSL), a leading Indian rolling stock and engineering solutions provider, handed over the first indigenously built Diving Support Craft (DSC), DSC A20, to the Indian Navy. This vessel is the first in a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative. The handover ceremony took place in the presence of Commodore Aravind Chari, CSO (Tech), Southern Naval Command, who attended as the Chief Guest.

The Diving Support Craft, built with a catamaran-type hull, is designed to support the Navy’s Command Clearance Diving Teams in critical underwater operations such as repair, maintenance and salvage of ships inside and around harbours. It is also equipped to serve as a training platform for the Navy’s diving cadre, thereby enhancing operational readiness. With an overall length of 32.9 metres and a breadth of 13 metres, the vessel has an endurance of 72 hours at economical speed with 25 percent reserve fuel capacity. Powered by two engines of 1,342 KW each, it can achieve a cruising speed of 11 knots and is capable of carrying a complement of 18 personnel.

With the delivery of DSC A20, TRSL’s Shipbuilding and Maritime Systems Division has once again demonstrated its ability to deliver complex, high-precision vessels for the armed forces. This milestone is especially significant as it makes DSC A20 the first Indian Naval Commissioned Vessel to be built and delivered by a private shipyard in Bengal, underscoring Titagarh’s growing role in India’s maritime ecosystem.

About the Company

Titagarh Rail Systems Limited (TRSL) is a leading provider of comprehensive mobility solutions with manufacturing facilities in India and Italy, specialising in the design and production of a wide range of rolling stock, including trains, coaches, and wagons. In a strategic move to optimise its shipbuilding business, TRSL's Board of Directors has approved the transfer of its shipbuilding and maritime systems division into a new, wholly-owned subsidiary named Titagarh Naval Systems. This new entity will manage a state-of-the-art shipyard at Falta, south of Kolkata, with an order book exceeding Rs 575 crore. The advanced facility is designed to handle ships up to 180 meters in length, with an annual capacity of 12-16 vessels. This restructuring will allow TRSL to focus on its core railway systems while enabling Titagarh Naval Systems to aggressively pursue growth and secure new contracts for specialised vessels, supporting key Government of India maritime initiatives.

According to the Quarterly Results, the net sales decreased by 25 per cent to Rs 679 crore and net profit decreased by 54 per cent to Rs 31 crore in Q1FY26 compared to Q1FY25. In FY25, the company reported net sales of Rs 3,867.75 crore and net profit of Rs 276.39 crore.

The company has a market cap of over Rs 12,000 crore and the order book stands at Rs 26,000 crore as of June 30, 2025, excluding GST and including its share in Joint venture. The stock gave multibagger returns of 520 per cent in just 3 years and a whopping 2,000 per cent returns in 5 years.

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