Rs 27,755 Crore Order Book; Coaches Manufacturing Company Secures Order Worth Rs 610 Crore

On Tuesday, Titagarh Rail Systems share price witnessed strong Intraday momentum, rising nearly 13 per cent to hit a high of Rs 724 before paring gains. As of 2:30 PM, the stock was trading at Rs 692.95, up 8.38 per cent from its previous close at Rs 639. The movement comes after the company disclosed that its subsidiary, Titagarh Naval Systems Limited, has received in-principle approval for a brownfield expansion project at Falta

The stock also saw a sharp spike in trading activity, with volumes reaching around 2.23 crore shares, significantly higher than its 20-day average volume of 0.19 crore shares, indicating increased investor interest.

Titagarh Subsidiary Receives In-Principle Approval for Rs 610 Crore Shipbuilding Expansion Project

Titagarh Naval Systems (TNSL), a wholly owned subsidiary of Titagarh Rail Systems Limited, has received in-principle approval from the Ministry of Ports, Shipping and Waterways for its brownfield capacity expansion project at Falta, West Bengal, under the Government of India’s Shipbuilding Development Scheme (SbDS). The approval follows recommendations from the Inter-Ministerial Governing Board of the National Shipbuilding Mission, reflecting strong policy support for the initiative.

The project is eligible for capital assistance of up to approximately Rs 128.89 crore, subject to final approval and compliance with scheme guidelines. The total project cost is estimated at around Rs 610 crore, with government support aimed at funding eligible plant and machinery under the scheme.

The expansion is expected to enhance the company’s infrastructure and technological capabilities, enabling it to cater to Defence, commercial, and export-oriented shipbuilding requirements. The development also aligns with India’s broader push to strengthen domestic shipbuilding capabilities and position itself competitively in the global maritime sector.

The upgraded facility will support integrated operations across multiple domains and is designed to improve scalability, efficiency, and compliance with regulatory requirements. The project is also expected to reinforce West Bengal’s position as an emerging hub for advanced maritime manufacturing.

Titagarh Naval Systems Management Commentary

Commenting on the development, Shri Umesh Chowdhary, Vice Chairman & Managing Director, Titagarh Rail Systems Limited, said: “We are deeply grateful to the Government agencies for its continued support and visionary policy framework aimed at strengthening India’s shipbuilding ecosystem. This in-principle approval under the Shipbuilding Development Scheme is a strong endorsement towards building a self-reliant and globally competitive maritime nation. We sincerely acknowledge the guidance and support of the Ministry of Ports, Shipping and Waterways in enabling this important milestone. At Titagarh, we remain firmly committed to building a state-of-the-art shipyard in the state of West Bengal that will support the country’s defence indigenisation goals, contribute to national security, and cater to both domestic and global shipbuilding requirements. This is a significant step in our journey to contribute meaningfully to India’s maritime growth story.”

About Titagarh Rail Systems

Titagarh Rail Systems Limited is an India-based engineering and manufacturing company engaged in the production of freight wagons, passenger coaches, metro trains, propulsion systems, and traction motors. Incorporated in 1997, the company operates across two key segments Freight Rail Systems and Passenger Rail Systems.

It has four manufacturing facilities in India and serves a wide customer base across 28 states, along with exports to multiple international markets. The company plays a key role in India’s Railway and urban mobility ecosystem, supported by its capabilities in design, engineering, and large-scale manufacturing.

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