TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding a press release dated April 19, 2026, titled "Titagarh Naval Systems Limited (a wholly owned subsidiary of Titagarh Rail Systems Limited) Launches Fourth Diving Support Craft A23 (YARD 328) for Indian Navy".
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Titagarh Rail Systems' wholly owned subsidiary, Titagarh Naval Systems Limited (TNSL), has launched the fourth Diving Support Craft A23 for the Indian Navy. The 30-metre catamaran vessel is part of an ongoing series of five DSCs being built under the Make in India initiative. The craft will support Navy's Command Clearance Diving Teams for underwater inspection, repair, maintenance, and salvage operations. TNSL has an order book exceeding Rs 500 crore and is developing a new 50-acre shipyard at Falta, West Bengal to handle vessels up to 180 metres in length with annual capacity of 12-16 vessels.
This launch demonstrates continued execution on defence contracts and strengthens TNSL's position in indigenous shipbuilding. With order book above Rs 500 crore and a new facility under development, the company shows solid pipeline visibility in the defence segment.