Summary: Titagarh Rail Systems secured a ₹1,598.55 crore Mumbai Metro Line 6 order as a rolling stock subcontractor. The stock rose after the announcement, despite a 44.65% annual decline.
Indian equity markets opened the week on a positive note, led by gains in metal and automobile stocks.
By 10:21 a.m. IST on Monday, the Nifty 50 had advanced 0.28% to 24,632.35, while the BSE Sensex was up 0.18%, trading at 80,753.85. Both indices had briefly risen about 0.4% during early trade, reflecting a steady start to the session.
Titagarh Rail Systems secured a ₹1,598.55 crore order for Mumbai Metro Line 6 from NCC Ltd. The contract includes 108 coaches and long-term maintenance. The Titagarh Rail Systems share price rose over 3% after the announcement.
Titagarh Rail Systems Limited officially announced on August 3, 2025, that it has received a significant Letter of Acceptance (LoA) for the Mumbai Metro Rail Project, specifically for Line 6, which runs from Swami Samarth Nagar to Vikhroli (EEH).
The Letter of Acceptance, dated August 2, 2025, was awarded by NCC Limited, where Titagarh Rail Systems Limited will serve as the specialised subcontractor for rolling stock. The extensive contract encompasses the Design, Manufacture, Supply, Installation, Integration, Testing, and Commissioning of Rolling Stock. This includes the provision of 18 trains, each comprising 6 cars, amounting to a total of 108 metro coaches. In addition to the initial setup, the contract mandates 5 years of Comprehensive Maintenance following a 2-year Defect Liability Maintenance Period.
The total value of this significant domestic order is approximately ₹1,598.55 Crores. The execution timeline for the project is segmented: the Design-Build Period is set for 104 Weeks, followed by a 2-year Defect Liability Maintenance Period (DLMP), and subsequently, 5 years of Comprehensive Maintenance after the DLMP concludes.
Titagarh Rail Systems Limited maintains a strong order book position. As of March 31, 2025, the company's order book size from the company's direct orders was approximately ₹11,200 Crores. Additionally, there is a share from Joint Ventures (JVs) amounting to ₹13,326 Crores.
On Monday, Titagarh Rail Systems share price jumped over 3% after securing ₹1,598.55 Crore order from Mumbai Metro. As of 10:32 am, the stock was trading at ₹851.50 per share, up by 1.83%.
Disclaimer: The article is for informational purposes only and not an investment advice.
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