TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding a press release dated April 06, 2026, titled "Press Release issued by Titagarh Naval Systems Limited, a wholly owned subsidiary of the Company".
TITAGARH · price
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Titagarh Rail Systems Limited announced that its wholly owned subsidiary, Titagarh Naval Systems Limited (TNSL), has received in-principle approval from the Directorate General of Shipping for a Brownfield Capacity Expansion Project at Falta, West Bengal. The total project cost is approximately INR 610 crore, with eligible capital assistance of around INR 129 crore under the Government of India's Shipbuilding Development Scheme (SbDS). The approval came based on recommendations of the 3rd Inter-Ministerial Governing Board of the National Shipbuilding Mission. The expansion will enhance infrastructure for defence, commercial, and export-oriented shipbuilding, supporting ships up to 180 meters with annual capacity of 12-16 vessels.
The approval provides significant government backing for the shipbuilding expansion, with subsidy covering about 21% of project cost. This strengthens Titagarh's position in India's growing maritime sector and supports Make in India initiatives, potentially boosting shareholder value through operational scale-up.