Shares Bazaar

Titagarh Rail Systems zooms as its arm gets in-principle approval for brownfield expansion project

The total project cost for the Brownfield Expansion at Falta will be approximately Rs 610 crore

Titagarh Rail Systems is currently trading at Rs. 673.25, up by 33.75 points or 5.28% from its previous closing of Rs. 639.50 on the BSE.

The scrip opened at Rs. 643.20 and has touched a high and low of Rs. 686.00 and Rs. 643.00 respectively. So far 121620 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 974.05 on 19-May-2025 and a 52 week low of Rs. 568.65 on 30-Mar-2026.

Last one week high and low of the scrip stood at Rs. 686.00 and Rs. 584.55 respectively. The current market cap of the company is Rs. 8802.28 crore.

The promoters holding in the company stood at 40.46%, while Institutions and Non-Institutions held 23.26% and 36.28% respectively.

Titagarh Rail Systems’ wholly owned subsidiary -- Titagarh Naval Systems (TNSL) has received in-principle approval from the Ministry of Ports, Shipping and Waterways for its Brownfield Expansion project at Falta, West Bengal, under the Government of India’s Shipbuilding Development Scheme (SbDS).

Titagarh’s proposed brownfield expansion at Falta represents a significant step toward strengthening India’s shipbuilding and maritime manufacturing capabilities. The project has received approval based on the recommendations of the 3rd Inter-Ministerial Governing Board of the National Shipbuilding Mission, reflecting strong inter-ministerial support for the development of world-class shipbuilding infrastructure in India.

The total project cost for the Brownfield Expansion at Falta will be approximately Rs 610 crore. Under the Shipbuilding Development Scheme, the Government will extend capital assistance of around Rs 129 crore towards eligible plant and machinery, subject to compliance with the applicable scheme guidelines.

The expansion will substantially enhance Titagarh Naval Systems’ infrastructure and technological capabilities, enabling the shipyard to cater to defence, commercial, and export-oriented shipbuilding requirements, while also supporting India’s growing ambitions in the global maritime domain. The project will further reinforce West Bengal’s position as an emerging hub for advanced maritime manufacturing.

With this expansion, Titagarh Naval Systems reiterates its long-term commitment to supporting Make in India, Atmanirbhar Bharat, and the development of a robust, future-ready shipbuilding ecosystem that serves both national priorities and international markets.

Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.