TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding a press release dated January 27, 2026, titled "Titagarh and ABB sign Agreement to deliver propulsion for 25kV Metro. Framework includes Transfer of Technology for TCMS for 25kV Driverless metro and transfer of manufacturing of converters and Traction Motors under the Make in India policy of the Government of India".
TITAGARH · price
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Titagarh Rail Systems has signed an agreement with ABB, a global technology major, to deliver propulsion systems for 25kV Metro trains. The framework also covers Transfer of Technology (ToT) for Train Control and Management System (TCMS) for 25kV driverless metro. Additionally, manufacturing of converters and traction motors will be transferred to Titagarh under the Government of India's Make in India policy. The partnership combines ABB's global technology expertise with Titagarh's domestic manufacturing capabilities in the railway and metro space.
This is a significant positive development that strengthens Titagarh's position in the metro and railway propulsion segment, opens access to advanced driverless metro technology, and aligns with the Make in India initiative—potentially driving order inflows and long-term revenue growth.