Titagarh Rail Systems Limited (TRSL) has achieved a significant milestone in its shipbuilding journey by launching the third indigenously built Diving Support Craft (DSC) for the Indian Navy. This launch marks a crucial step in TRSL's commitment to the 'Make in India' initiative and solidifies its position in the naval shipbuilding sector.

Key Highlights of the Launch

• The DSC is part of a series of five vessels being built for the Indian Navy.
• The launch ceremony took place at TRSL's Falta shipyard, with the vessel being side-launched into the Hooghly River.
• Mrs. Kangana Berry, wife of Vice Admiral Suraj Berry, Commander-in-Chief, performed the traditional naming and launch of the vessel.

Diving Support Craft Specifications

The DSCs are catamaran-type vessels designed with advanced equipment sourced from indigenous manufacturers. These crafts are crucial for supporting the Indian Navy's Command Clearance Diving Teams (CCDTs) in various underwater operations, including:

• Repair and maintenance of ships
• Salvage operations inside and around harbors
• Serving as advanced training platforms for the Navy's diving cadre

Titagarh's Growing Maritime Portfolio

TRSL's Shipbuilding and Maritime Systems (SMS) Division has demonstrated its capabilities in delivering complex, high-precision vessels for the armed forces. Some notable achievements include:

• Delivery of more than 35 advanced vessels
• Construction of Coastal Research Vessels for the National Institute of Ocean Technology (NIOT)
• Projects for the Indian Navy and Coast Guard
• Strategic projects such as ICGS Kamla Devi (FPV) and MV Ma Lisha (Cargo RoPax) for Guyana

Strategic Developments

TRSL is making significant moves to strengthen its position in the shipbuilding sector:

1. New Entity Creation: The board has approved the creation of a new entity, Titagarh Naval Systems, to house the shipbuilding business.
2. Robust Order Book: The shipbuilding division boasts an order book exceeding ₹575.00 crore.
3. Expansion Plans: TRSL has acquired a jetty and adjoining land for expanding its Falta shipyard.
4. New Projects: The company has received a Letter of Intent (LOI) from Garden Reach Shipbuilders & Engineers (GRSE) for the construction of two Coastal Research Vessels for the Geological Survey of India.

Future Outlook

Umesh Chowdhary, Vice-Chairman and Managing Director of TRSL, emphasized the company's growing capabilities in naval shipbuilding and defense manufacturing. He stated, "The launch of the third DSC highlights Titagarh's growing capabilities in naval shipbuilding and defence manufacturing, reinforcing its role as a trusted partner to the Indian Navy."

With these developments, Titagarh Rail Systems Limited is poised to play an increasingly important role in India's maritime sector, contributing to the nation's self-reliance in shipbuilding and aligning with key initiatives such as the National Shipbuilding Mission and the Shipbuilding Financial Assistance Policy.

As TRSL continues to expand its maritime portfolio and capabilities, it is set to become a significant player in India's growing shipbuilding industry, supporting both defense and civilian maritime needs.

Titagarh Rail Systems Limited , a prominent player in the Indian railway manufacturing sector, has announced a significant new order that bolsters its position in the market.

Order Details

Titagarh Rail Systems has received a Letter of Acceptance (LOA) from Banaras Locomotive Works for the supply of Complete Shell Assembly for WAG-9HC Locomotives. The order is valued at ₹91.12 crore, inclusive of GST, marking a substantial addition to the company's order book.

Project Scope and Timeline

The contract entails the manufacturing and delivery of Complete Shell Assembly for WAG-9HC Locomotives, which are high-capacity electric freight locomotives used by Indian Railways. According to the company's disclosure, the execution of this domestic order is scheduled to be completed by August 31, 2026, providing Titagarh Rail Systems with a steady workflow for the next few years.

Strategic Importance

This order from Banaras Locomotive Works, a production unit of Indian Railways, underscores Titagarh Rail Systems' capabilities in manufacturing critical components for India's railway infrastructure. The WAG-9HC locomotives are known for their high power and efficiency in freight operations, and this order contributes to the ongoing modernization of the country's rail network.

Financial Implications

The ₹91.12 crore order is expected to have a positive impact on Titagarh Rail Systems' financial performance over the contract period. It represents a significant portion of the company's manufacturing capacity and is likely to contribute to its revenue stream for the next three years.

Compliance and Transparency

In line with regulatory requirements, Titagarh Rail Systems has promptly disclosed the details of this order to the stock exchanges. The company has confirmed that the contract does not involve any promoter group interest or related party transactions, ensuring transparency in its business operations.

Titagarh Rail Systems continues to strengthen its position in the railway manufacturing sector with this latest order, demonstrating its ability to secure significant contracts in a competitive market environment.