On July 22, 2024, Titagarh Rail Systems Limited (TRSL) began exporting traction converters. The first shipment of 8 converters was sent to Titagarh Firema S.p.A in Italy on July 19, 2024. This export is part of a EUR 7.18 million (approximately ₹65 crore) order from Titagarh Firema. It marks the first time traction converters have been shipped from Titagarh’s Passenger Rolling Stock Facility in India.
Titagarh Firema received an order from Regione Lazio, Italy, to design, manufacture, and supply 38 trainsets valued at around EUR 276 million, with a 100 km/h design speed. Titagarh Rail Systems Limited (TRSL) got an order from Titagarh Firema to supply traction converters for the first 11 trains for the Regione Lazio Viterbo line, which operates at 3 KV, and the Regione Lazio Lido line, which operates at 1.5 KV. TRSL plans to ship 2 train sets, or 8 converters, each month to fulfil the order.
Titagarh India is pleased to announce the successful production and local manufacturing of these converters. The design was expertly managed by their Italian partner, Titagarh Firema, demonstrating a strong partnership between the companies. This collaboration has established a solid foundation for manufacturing such high-tech items in Uttarpara.
The Titagarh India Passenger Rolling Stock Facility currently manufactures 25 converters per month, but it plans to increase this to 50 converters per month, including those for Mainline Electric Multiple Unit (MEMU) and Electric Multiple Unit (EMU) converters.
Speaking on the occasion, Shri. Prithish Chowdhary, Dy. Managing Director, TRSL, said, “This milestone demonstrates Titagarh’s commitment to quality and innovation in the railway manufacturing industry and is a major accomplishment for the Company. It underscores our unwavering commitment to making India a global manufacturing hub for railway systems, contributing to the vision of a Viksit Bharat (Developed India).”
Titagarh Rail Systems is a leading provider of comprehensive mobility solutions, with strong operations in India and Italy. With advanced factories in both countries, they cater to various passenger and freight rolling stock needs. Titagarh specialises in creating innovative transportation solutions, including semi-high-speed trains, urban metros, passenger coaches, propulsion systems, and various wagons, including specialised ones.
On July 24, 2024, the share price of Titagarh Rail Systems Limited opened at ₹1,602.00, touching the high price at ₹1,649.00 as of 09:30 AM on NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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