Titagarh wins Surat Metro’s 72 Coach Rolling Stock Contract

28 Jun 2023 CW Team

In a regulatory filing, Titagarh Rail Systems Ltd. stated that it had been given a contract worth Rs. 857 crore to provide 72 coaches (Package RS2) for the Surat Metro's Phase 1 project.

The Surat Metro Phase 1 project is a 40.35 km long metro rail project in Surat, Gujarat, India. The project consists of two corridors:

Corridor 1: Sarthana to Dream City (22 km)
Corridor 2: Bhesan to Saroli (18 km)

The project will have 38 stations, of which 20 will be on Corridor 1 and 18 will be on Corridor 2. The line will be elevated for its entire length, except for a 6.47 km underground section between Kapodra and Dream City.
The Surat Metro Phase 1 project is being implemented by the Gujarat Metro Rail Corporation (GMRC), a joint venture of the Government of Gujarat and the Government of India. The project is estimated to cost Rs. 12,000 crore.
Construction on the Surat Metro Phase 1 project began in 2020. The first section of the project, between Sarthana and Dream City, is expected to be completed in August 2024. The entire project is expected to be completed in 2027.
Titagarh anticipates beginning deliveries in 76 weeks and finishing the order in 132 weeks after that. In November 2021, the German KfW Development Bank invited offers for this vital system contract. In March 2022, technical bids were opened, and Titagarh Rail Systems (formerly Titagarh Wagons) was revealed as the sole bidder.
Following the 102 coach rolling stock contract for Pune Metro inked in August 2019, this is Titagarh's second significant order in India. In 2022, Titargarh will also produce 204 coaches for Bangalore Metro's rolling stock contract 4RS-DM thanks to a partnership with CRRC.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..