Titagarh Rail Systems Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

The Government of India has been actively promoting the domestic shipbuilding ecosystem through focused initiatives such as the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS). In line with these national initiatives, the proposed expansion at Falta represents a significant step toward strengthening India?s shipbuilding and maritime manufacturing capabilities.

The total project cost for the brownfield expansion at Falta will be approximately Rs 610 crore. Under the Shipbuilding Development Scheme, the Government will extend capital assistance of around Rs 129 crore towards eligible plant and machinery, subject to compliance with the applicable scheme guidelines.

The expansion will substantially enhance Titagarh Naval Systems? infrastructure and technological capabilities, enabling the shipyard to cater to defence, commercial, and export-oriented shipbuilding requirements.

Umesh Chowdhary, vice chairman & managing director, Titagarh Rail Systems, said: ?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.?

Titagarh Rail Systems is mainly engaged in the manufacturing and selling of freight waggons, passenger coaches, metro trains, train electricals, steel castings, specialised equipment & bridges, ships, etc. The company caters to both domestic and export markets.

The company's consolidated net profit tanked 23.48% to Rs 48.03 crore in Q3 FY26 as against Rs 62.77 crore posted in Q3 FY25. Revenue from operations decreased 7.8% year-on-year (YoY) to Rs 832.06 crore in the quarter ended 31 December 2025.

Titagarh Naval Systems (TNSL) has received In-Principle Approval from the Ministry of Ports, Shipping and Waterways for its brownfield expansion project at Falta, West Bengal, under the Government of India's Shipbuilding Development Scheme (SbDS).

The Government of India has been actively promoting the domestic shipbuilding ecosystem through focused initiatives such as the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS). This policy momentum, further reinforced through recent Union Budget priorities, reflects a strong and positive approach towards strengthening India's shipbuilding capabilities, enhancing infrastructure, supporting defence and commercial vessel construction, and positioning Indian shipyards to compete effectively at a global level.

In line with these national initiatives, Titagarh's proposed brownfield expansion at Falta represents a significant step toward strengthening India's shipbuilding and maritime manufacturing capabilities. The project has received approval based on the recommendations of the 3rd Inter-Ministerial Governing Board of the National Shipbuilding Mission, reflecting strong inter-ministerial support for the development of world-class shipbuilding infrastructure in India.

The total project cost for the brownfield expansion at Falta will be approximately Rs 610 crore. Under the Shipbuilding Development Scheme, the Government will extend capital assistance of around Rs 129 crore towards eligible plant and machinery, subject to compliance with the applicable scheme guidelines.

The order involves producing wagons as per mutually agreed technical specifications. According to the LOI, the contract is expected to be executed within six months from the commencement of work, subject to the final purchase order and agreement.

The company clarified that neither its promoters nor group entities have any interest in the awarding authority, confirming that the deal does not fall under related-party transactions.

Titagarh Rail Systems is mainly engaged in the manufacturing and selling of freight waggons, passenger coaches, metro trains, train electricals, steel castings, specialised equipment & bridges, ships, etc. The company caters to both domestic and export markets.

The company's consolidated net profit tanked 23.48% to Rs 48.03 crore in Q3 FY26 as against Rs 62.77 crore posted in Q3 FY25. Revenue from operations decreased 7.8% year-on-year (YoY) to Rs 832.06 crore in the quarter ended 31 December 2025.

The scrip declined 1.24% to Rs 588.70 on the BSE.

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The scope of work includes supplying two rakes comprising 43 wagons each, along with 4% spare wagons, with each wagon having a carrying capacity of 64.89 MT. These rakes will be deployed for transportation of HR coils, sheets, and plates over the Indian Railways network, as per the latest approved designs of Research Designs and Standards Organisation.

The contract, awarded by a domestic entity, is valued at Rs 44.41 crore and is to be executed over a period of 10 years.

The effective date of the contract is April 7, 2026, and it will come into force 15 days from the issuance of the Letter of Award or signing of the agreement, whichever is earlier.

The company stated that the promoter and promoter group have no interest in the awarding entity, and the transaction does not qualify as a related party deal.

Titagarh Rail Systems is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The Company caters to both domestic and export market.

The company's consolidated net profit tanked 23.48% to Rs 48.03 crore in Q3 FY26 as against Rs 62.77 crore posted in Q3 FY25. Revenue from operations decreased 7.8% year-on-year (YoY) to Rs 832.06 crore in the quarter ended 31 December 2025.

The scrip added 2.09% to end at Rs 628.60 on the BSE.

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