Corporate News     15-Jun-24
Titagarh commences production of trainsets for Bangalore Metro

Titagarh Rail Systems (TRSL) has commenced the production of trainsets as part of a contract with China Railway Rolling Stock Corporation (CRRC) for the Bangalore Metro Rail Corporation (BMRCL) Phase 2 Yellow Line project. This marks a significant milestone in Titagarh's ongoing contribution to India's urban transportation infrastructure.

The contract between BMRCL and CRRC Nanjing Puzhen Co Ltd, signed in December 2019, encountered challenges, which led to delays in meeting the original deadlines. To address the delay in the rolling stock supply, CRRC sought additional time and subsequently entered into a Memorandum of Understanding (MoU) with Titagarh Rail Systems.

Under this MoU, Titagarh will manufacture the trainsets at its state-of-the-art facility in Uttarpara. Under the agreement with BMRCL, Titagarh is responsible for producing 34 of the 36 trainsets needed for the Yellow Line at its advanced manufacturing facility. Only two trainsets, comprising 12 coaches, will be manufactured in China. To meet the specific requirements of the project, Titagarh has established a dedicated stainless steel production line at its facility. Production began on May 18th, 2024, and the first trainset is slated for delivery in August 2024.

Previous News
  Titagarh Rail Systems to convene AGM
 ( Corporate News - 08-Sep-23   14:34 )
  Titagarh Rail Systems consolidated net profit rises 129.86% in the December 2023 quarter
 ( Results - Announcements 03-Feb-24   07:37 )
  Titagarh Rail spurts on bagging Rs 170-cr order from Defence Ministry
 ( Hot Pursuit - 19-Feb-24   10:41 )
  Marico Ltd leads gainers in 'A' group
 ( Hot Pursuit - 07-May-24   12:00 )
  Titagarh Wagons acquires land and infrastructure for ship building at Falta, West Bengal
 ( Corporate News - 12-Jan-22   16:01 )
  Board of Titagarh Wagons approves preferential issue of up to 76 lakh shares
 ( Corporate News - 10-Jun-23   18:11 )
  Titagarh Wagons reports consolidated net profit of Rs 17.39 crore in the June 2021 quarter
 ( Results - Announcements 10-Aug-21   14:02 )
  Titagarh Wagons to convene board meeting
 ( Corporate News - 01-Oct-20   18:16 )
  Titagarh Wagons reports consolidated net profit of Rs 5.99 crore in the December 2016 quarter
 ( Results - Announcements 07-Feb-17   12:53 )
  Titagarh Wagons announces resignation of director
 ( Corporate News - 15-Oct-18   09:59 )
  Board of Titagarh Wagons recommends final dividend
 ( Corporate News - 03-Jun-19   15:44 )
Other Stories
  Power Grid appoints Govt. Nominee Director
  18-Jun-24   18:34
  Infosys launches Aster™ for AI-amplified marketing capabilities
  18-Jun-24   18:28
  Board of Futuristic Solutions recommends final dividend
  18-Jun-24   17:34
  Cipla to invest additional EUR 3 million in Ethris GmbH
  18-Jun-24   17:19
  Varun Beverages allots 13,700 equity shares under ESOP
  18-Jun-24   17:07
  Foods & Inns allots 1.38 cr equity shares on conversion of warrants
  18-Jun-24   17:02
  Royal Orchid Hotels opens its 4th property - Regenta Inn, Gurugram
  18-Jun-24   16:59
  Source Natural Foods &Herbal Supplem. schedules board meeting
  18-Jun-24   16:35
  Macrotech Developers to convene AGM
  18-Jun-24   16:32
  HeidelbergCement India announces change in company secretary
  18-Jun-24   15:26
Back Top