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 Wagons consolidated net profit rises 2114.29% in the December 2022 quarter
 ( Results - Announcements 13-Feb-23   07:38 )
  Titagarh Wagons reports consolidated net loss of Rs 24.95 crore in the March 2022 quarter
 ( Results - Announcements 31-May-22   11:01 )
  Titagarh Rail Systems consolidated net profit rises 46.42% in the September 2023 quarter
 ( Results - Announcements 19-Oct-23   07:45 )
  Titagarh Rail Systems to declare Quarterly Result
 ( Corporate News - 09-Nov-23   11:03 )
  Board of Titagarh Wagons approves preferential issue of up to 76 lakh shares
 ( Corporate News - 10-Jun-23   18:11 )
  Titagarh Rail bags order worth Rs 1,909 crore
 ( Hot Pursuit - 08-Mar-24   14:50 )
  Titagarh Wagons to raise Rs 288 cr via preferential allotment
 ( Hot Pursuit - 12-Jun-23   10:16 )
  Titagarh Wagons announces resignation of director
 ( Corporate News - 15-Oct-18   09:59 )
  Titagarh Wagons announces cessation of director
 ( Corporate News - 03-Oct-18   08:38 )
  BHEL rises after Co's consortium bags tender for supply of 80 Vande Bharat trains
 ( Hot Pursuit - 12-Apr-23   09:25 )
  Titagarh Wagons announced appointment of directors
 ( Corporate News - 05-Jan-21   13:07 )
Other Stories
  Alembic Pharmaceuticals receives USFDA approval for Dabigatran Etexilate Capsules
  18-Jun-24   18:52
  Zee Entertainment Enterprises appoints CFO
  18-Jun-24   18:46
  Zee Entertainment Enterprises CFO steps down
  18-Jun-24   18:44
  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
Back Top