Titagarh Wins Rs 4.67 Billion Order for Coastal Research Vessels

26 Aug 2025 CW Team

The new vessels will enhance India’s maritime research capabilities by supporting seabed geology studies, oceanic resource exploration, and environmental monitoring. Designed for long-duration missions and real-time analysis, the CRVs will enable offshore geological mapping, mineral exploration, and shipboard scientific research.

TRSL has a long history of contributing to India’s maritime sector, including building Coastal Research Vessels for the National Institute of Ocean Technology (NIOT), which supported critical oceanographic missions and were even showcased at the 12th Presidential Fleet Review. Building on this legacy, the company continues to establish itself as a trusted partner in shipbuilding and maritime innovation.

Commenting on the milestone, Umesh Chowdhary, Vice Chairman and Managing Director of TRSL, said: “We are honoured to partner with GRSE in delivering these specialised vessels for the GSI. This contract reflects the trust placed in our shipbuilding expertise and our shared commitment to advancing India’s maritime infrastructure. It aligns with the Government’s shipbuilding initiatives and our vision to position India as a global hub in this sector.”

Each CRV will operate within India’s Exclusive Economic Zone, at depths from 5 to 1,000 metres, with a service life of 30 years. The ships will feature eco-friendly electric propulsion, 360-degree rotatable thrusters, DP1 dynamic positioning systems, and state-of-the-art laboratories housing 22 types of scientific equipment.

Beyond research capabilities, the vessels will provide modern accommodation and recreational facilities, ensuring a supportive environment for scientists and crew during extended missions.

This landmark order underscores TRSL’s SMS Division as a growing force in India’s shipbuilding industry, contributing to maritime sustainability, innovation, and strategic infrastructure development.

Titagarh Rail Systems Limited (TRSL), a leading Indian rolling stock and engineering solutions provider, has secured its largest order to date through its Shipbuilding and Maritime Systems (SMS) Division. The Rs 4.67 billion contract, awarded by Garden Reach Shipbuilders & Engineers (GRSE), covers the construction, trials, and delivery of two Coastal Research Vessels (CRVs) for the Geological Survey of India (GSI).The new vessels will enhance India’s maritime research capabilities by supporting seabed geology studies, oceanic resource exploration, and environmental monitoring. Designed for long-duration missions and real-time analysis, the CRVs will enable offshore geological mapping, mineral exploration, and shipboard scientific research.TRSL has a long history of contributing to India’s maritime sector, including building Coastal Research Vessels for the National Institute of Ocean Technology (NIOT), which supported critical oceanographic missions and were even showcased at the 12th Presidential Fleet Review. Building on this legacy, the company continues to establish itself as a trusted partner in shipbuilding and maritime innovation.Commenting on the milestone, Umesh Chowdhary, Vice Chairman and Managing Director of TRSL, said: “We are honoured to partner with GRSE in delivering these specialised vessels for the GSI. This contract reflects the trust placed in our shipbuilding expertise and our shared commitment to advancing India’s maritime infrastructure. It aligns with the Government’s shipbuilding initiatives and our vision to position India as a global hub in this sector.”Each CRV will operate within India’s Exclusive Economic Zone, at depths from 5 to 1,000 metres, with a service life of 30 years. The ships will feature eco-friendly electric propulsion, 360-degree rotatable thrusters, DP1 dynamic positioning systems, and state-of-the-art laboratories housing 22 types of scientific equipment.Beyond research capabilities, the vessels will provide modern accommodation and recreational facilities, ensuring a supportive environment for scientists and crew during extended missions.This landmark order underscores TRSL’s SMS Division as a growing force in India’s shipbuilding industry, contributing to maritime sustainability, innovation, and strategic infrastructure development.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..