The prototype has to be delivered within 70 weeks from LOA and delivery completion is 94 weeks from LOA.

Titagarh Rail Systems (formerly known as Titagarh Wagons) is the largest private sector manufacturer of wagons and an established player in passenger coaches.

The company reported a standalone net profit of Rs 67.57 crore in Q1 FY24, steeply higher than Rs 23.02 crore posted in Q1 FY23. Revenue from operations zoomed 110% to Rs 910.76 crore in the Q1 FY24 from Rs 433.71 crore recorded in the corresponding quarter previous year.