TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Bagging/Receiving of orders/contracts
TITAGARH · price
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Awaiting price reaction for this filing.
Titagarh Rail Systems has received a Letter of Acceptance dated 2nd August 2025 from NCC Limited for the Mumbai Metro Rail Project (MMRDA Line 6, Swami Samarth Nagar to Vikhroli). As a specialised subcontractor, the company will design, manufacture, supply, install, integrate, test, and commission 108 metro coaches (18 trains of 6 cars each), along with 2 years of defect liability maintenance and 5 years of comprehensive maintenance. The total order value is approximately ₹1,598.55 Crores with a design-build period of 104 weeks. NCC Limited is a domestic entity and the order is not a related party transaction.
This is a major order that significantly boosts Titagarh's order book and provides strong revenue visibility over the next 2-3 years plus maintenance income for 7 years. Likely to be viewed positively by the market as it strengthens the company's position in India's metro rail segment.