Titagarh Rail Systems Secures Rs 209.2 Billion Orders in Q1

12 Aug 2025 CW Team

Titagarh Rail Systems Limited has announced key developments for Q1 FY26, outlining strong order inflows, strategic expansion, and a clear focus on its core railway systems business.

The company dispatched 1,628 wagons in Q1, down from 2,073 a year earlier due to limited wheelset supplies from Rail Wheel Factory, which have now normalised. Management remains confident of matching FY25’s delivery of 9,431 wagons in the remaining quarters. Titagarh retained its market leadership by delivering the highest number of wagons to Indian Railways in the quarter.

New orders worth Rs 209.2 billion (excluding GST) were booked during the period, taking the total order book to around Rs 260 billion. These include 966 wagons valued at Rs 3.96 billion, metro coach orders worth Rs 16 billion for Mumbai Metro Line 6, and Rs 4.31 billion for Pune Metro. The Metro Coach order book now stands at Rs 31 billion, covering 441 coaches for multiple metro projects across India. The first stainless steel Bangalore Metro train was inaugurated in August 2025, marking the company’s entry into this segment.

In the Vande Bharat segment, the order book for supply stands at Rs 96 billion, with annual maintenance contracts worth Rs 140 billion over 35 years, of which Titagarh’s share is Rs 70 billion. The first car body production line for Vande Bharat has been set up at Uttarpara, with prototype completion expected by Q2 FY27.

The propulsion, electrical, and components business secured orders for 273 traction motors worth Rs 430 million. Production rose to 300 units in Q1 from 78 a year earlier, with a target of 450 per quarter by Q4 FY26. The company also advanced its in-house design capabilities, employing 135 skilled engineers across multiple centres.

Corporate restructuring will see the transfer of the shipbuilding and maritime systems business into a wholly owned subsidiary, Titagarh Naval Systems, and the formation of a strategy committee for the defence and bridge business. This is aimed at enabling the company to focus entirely on railway systems while developing other segments independently.

Vice Chairman and Managing Director Umesh Chowdhary emphasised that while wagon output was temporarily affected, the long-term growth driver will be the Passenger Rail Systems segment, supported by robust orders and expanded facilities, including a 1.6 km test track at Uttarpara.

Titagarh Rail Systems Limited has announced key developments for Q1 FY26, outlining strong order inflows, strategic expansion, and a clear focus on its core railway systems business.The company dispatched 1,628 wagons in Q1, down from 2,073 a year earlier due to limited wheelset supplies from Rail Wheel Factory, which have now normalised. Management remains confident of matching FY25’s delivery of 9,431 wagons in the remaining quarters. Titagarh retained its market leadership by delivering the highest number of wagons to Indian Railways in the quarter.New orders worth Rs 209.2 billion (excluding GST) were booked during the period, taking the total order book to around Rs 260 billion. These include 966 wagons valued at Rs 3.96 billion, metro coach orders worth Rs 16 billion for Mumbai Metro Line 6, and Rs 4.31 billion for Pune Metro. The Metro Coach order book now stands at Rs 31 billion, covering 441 coaches for multiple metro projects across India. The first stainless steel Bangalore Metro train was inaugurated in August 2025, marking the company’s entry into this segment.In the Vande Bharat segment, the order book for supply stands at Rs 96 billion, with annual maintenance contracts worth Rs 140 billion over 35 years, of which Titagarh’s share is Rs 70 billion. The first car body production line for Vande Bharat has been set up at Uttarpara, with prototype completion expected by Q2 FY27.The propulsion, electrical, and components business secured orders for 273 traction motors worth Rs 430 million. Production rose to 300 units in Q1 from 78 a year earlier, with a target of 450 per quarter by Q4 FY26. The company also advanced its in-house design capabilities, employing 135 skilled engineers across multiple centres.Corporate restructuring will see the transfer of the shipbuilding and maritime systems business into a wholly owned subsidiary, Titagarh Naval Systems, and the formation of a strategy committee for the defence and bridge business. This is aimed at enabling the company to focus entirely on railway systems while developing other segments independently.Vice Chairman and Managing Director Umesh Chowdhary emphasised that while wagon output was temporarily affected, the long-term growth driver will be the Passenger Rail Systems segment, supported by robust orders and expanded facilities, including a 1.6 km test track at Uttarpara.

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