Titagarh Rail Systems to develop driverless metro trains
Bengaluru's Namma Metro Yellow Line is gearing up for a December launch, generating excitement as it introduces driverless trains along its 19-km route from RV Road to Bommasandra, linking to Electronics City, the city's tech hub. The Bangalore Metro Rail Corporation Limited (BMRCL) is diligently working towards inaugurating this pivotal segment, which promises to significantly enhance the city's public transport system. Scheduled for the end of October, the Commissioner of Metro Rail Safety (CMRS) will conduct a thorough inspection to ensure compliance with safety regulations before passenger..
TRSL reports YoY standalone revenue growth of 25%
Titagarh Rail Systems (TRSL), the prominent Indian rolling stock manufacturer, announced its unaudited results for the third quarter ending on December 31, 2023 on February 2, 2024.
The company's standalone net revenues for Q3FY24 stood at Rs 954.68 crore with a growth of 24.57%, while EBIDTA margin stood at 11.59% with Rs 110.67 crore, an increase of 52.30 % YoY. Net profit stood at Rs 75.03 crore, an increase of 91% over Q3FY23.
At the end of December 2023, TRSL reached a significant milestone in India's rolling stock industry by achieving highest-ever monthly production..
Amber & Titagarh's Rail Components Pact
Amber Enterprises and Titagarh Rail Systems have officially announced a landmark agreement to collaborate on the production of train components. The strategic partnership aims to leverage the strengths of both companies, fostering innovation and efficiency in the rail industry. This venture is poised to significantly impact the supply chain for train manufacturing, bringing about enhanced capabilities and cutting-edge solutions.
Amber Enterprises, a leading player in the electronics and appliances sector, brings its expertise in manufacturing and technological prowess to the collaborat..
Indian Defence Capabilities Surge Decade
Over the past ten years, India has seen a remarkable transformation in its defence capabilities, largely attributed to the policies and initiatives under the Modi government. A significant highlight is the reduction in dependency on foreign arms imports, with 60% of the country's total arms and ammunition now being produced domestically.
According to NITI Aayog member VK Saraswat, India's defence ecosystem has become predominantly indigenous. This shift has been driven by the involvement of major Indian corporations such as the Adani Group, Tata Group, and Larsen & Toubro, which are no..
Mazagon Dock Shipbuilders marks 250-year milestone
Mazagon Dock Shipbuilders (MDL) celebrated the completion of 250 years. It started as a small dry dock in 1774 and was incorporated in 1934. Since 1960, it has been under the stewardship of the Government of India.
To commemorate this significant milestone, MDL organized a series of events. These included the inauguration of land acquired from the Mumbai Port Authority (MPA), the unveiling of a prototype of the indigenous midget submarine ?Arowana?, the commissioning of a Solar Electric Hybrid boat, the release of MDL?s Commemorative Coin marking the 250 years, and the hosting of a day..