Titagarh Plans Entry Into Wagon Leasing To Tap Private Demand

01 Dec 2025 CW Team

The company has made progress in securing the required licence for this strategic foray and is currently assessing the most suitable structure for the venture. It may be executed either through Titagarh’s own balance sheet or via a special purpose vehicle. Vice Chairman and Managing Director Umesh Chowdhary stated that, because wagon leasing is classified as operating rather than financial leasing, a Non-Banking Financial Company licence is not necessary.

Chowdhary pointed to significant opportunities in the segment, noting that around 1,500 to 2,000 wagons are procured annually on lease. He described the business as “very interesting” and confirmed the company’s intention to position itself as a key player in the wagon leasing ecosystem, helping create steady, recurring revenue.

The shift aligns with a growing private sector preference for operational leasing over capital purchases. Chowdhary added that policy discussions suggest leasing companies may soon be permitted to maintain the wagons they own. Titagarh Rail’s earlier experience in leasing transactions with Indian Railways has helped it qualify for the new licence.

The company views the move as part of a broader strategy to diversify revenue streams and deepen its presence in the logistics chain. Leasing is expected to support higher sales and help build long-term relationships with private logistics players.

Management also confirmed that the long-standing issue of wheel set availability has been resolved, allowing production to return to a normalised run rate of 800 to 850 wagons per month, after disruptions over the previous two quarters.

Titagarh Rail currently has a strong order book of Rs 280–290 billion, providing robust visibility for the near term. The company aims to leverage its manufacturing capacity and financial strength to expand into new growth areas within the evolving rail logistics sector.

Titagarh Rail Systems Ltd is preparing to enter the wagon leasing business as it aims to capture a larger share of the private sector market through long-term lease models, a senior company official said on Tuesday. The company has made progress in securing the required licence for this strategic foray and is currently assessing the most suitable structure for the venture. It may be executed either through Titagarh’s own balance sheet or via a special purpose vehicle. Vice Chairman and Managing Director Umesh Chowdhary stated that, because wagon leasing is classified as operating rather than financial leasing, a Non-Banking Financial Company licence is not necessary. Chowdhary pointed to significant opportunities in the segment, noting that around 1,500 to 2,000 wagons are procured annually on lease. He described the business as “very interesting” and confirmed the company’s intention to position itself as a key player in the wagon leasing ecosystem, helping create steady, recurring revenue. The shift aligns with a growing private sector preference for operational leasing over capital purchases. Chowdhary added that policy discussions suggest leasing companies may soon be permitted to maintain the wagons they own. Titagarh Rail’s earlier experience in leasing transactions with Indian Railways has helped it qualify for the new licence. The company views the move as part of a broader strategy to diversify revenue streams and deepen its presence in the logistics chain. Leasing is expected to support higher sales and help build long-term relationships with private logistics players. Management also confirmed that the long-standing issue of wheel set availability has been resolved, allowing production to return to a normalised run rate of 800 to 850 wagons per month, after disruptions over the previous two quarters. Titagarh Rail currently has a strong order book of Rs 280–290 billion, providing robust visibility for the near term. The company aims to leverage its manufacturing capacity and financial strength to expand into new growth areas within the evolving rail logistics sector.

Infrastructure Energy

23 Dec 2025

Delhi HC Stays PGCIL Order against KEC International

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High C..

Building Material

23 Dec 2025

LANXESS Advances Pigment Solutions for New-Age Concrete Technologies

LANXESS is deepening its engagement with next-generation concrete technologies by advancing research into the performance of iron oxide pigments across emerging construction applications, including self-compacting concrete (SCC), geopolymers and 3D-printed concrete. Through extensive investigations and long-term weathering tests, iron oxide pigments have proven their suitability for a wide range of concrete construction materials, though their use in new formulations requires a thorough understanding of construction chemistry and material interactions.According to Oliver Fleschentraeger, Techn..

Infrastructure Urban

23 Dec 2025

JHS Svendgaard to Invest Rs 250 Million in Kala Amb Expansion

JHS Svendgaard Laboratories (JHS), a leading Indian manufacturer of oral care products, has announced an investment of Rs 250 million to expand its manufacturing footprint in Kala Amb, Himachal Pradesh. The investment is aimed at strengthening production capacity, introducing advanced technologies and supporting the company’s next phase of growth in response to rising domestic and global demand.As part of the expansion plan, JHS will construct a new 100,000 sq ft manufacturing facility on its existing five-acre land parcel at Kala Amb. The project is expected to be executed over a two-year p..