Titagarh Rail Systems inks a contract worth Rs 350 crore with GMRC for Ahmedabad Metro Rail Phase-II Project

Titagarh Rail Systems Limited (TRSL) formerly Titagarh Wagons Limited signed a contract with Gujarat Metro Rail Corporation (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 standard gauge cars valued at Rs 350 crore for Ahmedabad Metro Rail Phase-II Project.

As a part of Ahmedabad’s vision to expand connectivity within the state to facilitate business growth and user convenience. The prototype has to be delivered within 70 weeks from the Letter of Acceptance (LOA) dated August 29, 2023, and delivery completion is 94 weeks from the said LOA. These state-of-the-art metro cars will be manufactured at their cutƫing-edge facility in Uttarpara, located in the Hooghly district of West Bengal, India.

The Ahmedabad Metro Rail Phase-II Project is being implemented by GMRC at a cost of Rs 13,500 crore. The project will add 28.2 km of Metro lines to the city’s existing network.Titagarh Rail Systems Limited (TRSL) offers mobility solutions to billions with its prominent presence in both the Passenger and Freight Rail Systems including railway wagons, components, passenger coaches (EMU/MEMU) and Metro Coaches. This contract win is a significant development for TRSL and further strengthens its position as a leading player in the Indian rail industry.

TRSL is the largest private-sector manufacturer of railway wagons and an established player in passenger coaches. The Company has been awarded the largest-ever order for wagons by Indian Railways in addition to the orders for the manufacture and supply of Metro Trains for Pune Metro and Surat Metro projects. TRSL is also the co-recipient of prestigious orders for Vande Bharat trains & Forged Wheels.

Titagarh Rail Systems Ltd.’s stock price currently trading at Rs 847, up Rs 52 00 (+6.54%) from the previous close of Rs 795. The stock opened at Rs 808.15 and reached an intraday high of Rs 866 and low of Rs 800, respectively.

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