25 Aug , 2025 By : Debdeep Gupta
Titagarh Rail Systems share price gained in the opening trade on August 25 following the company bagged an order worth Rs 91.2 crore from Banaras Locomotive Works.
At 09:17am, Titagarh Rail was quoting at Rs 863.70, up Rs 5.15, or 0.60 percent, on the BSE
".... has received a letter of acceptance (LOA) from Banaras Locomotive Works, for complete shell assembly for WAG-9HC locomotives. The order is valued at Rs 91.12 crore (Incl. GST)," company said in its press release.
The contract execution is scheduled to be completed by August 31, 2026.
On August 22, the company through its shipbuilding and maritime systems (SMS) division has secured its single largest order to date, valued at Rs 445 crore, plus Rs 22.25 crore towards GST, aggregating to a total order value of Rs 467.25 crore, from Garden Reach Shipbuilders & Engineers (GRSE) for the construction, trials, and delivery of two coastal research vessels (CRVs) for the Geological Survey of India (GSI).
In the month of July, the company received a Letter of Advance Acceptance (LOA) from the Ministry of Railways for the manufacture and supply of 780 BVCM-C wagons, valued at approximately Rs 312.69 crore.
Also, the West Bengal government on Monday approved allotment of 40 acre of land to Titagarh Rail Systems Limited (TRSL) for the expansion of its existing facility, on a lease for 99 years for Rs 126 crore.
The company's consolidated net profit for the June quarter more than halved year-on-year to Rs 31 crore and revenue fell nearly 25% to Rs 679 crore, YoY.
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