"Titagarh Rail Secures ₹350 Crore Contract with GMRC, Stocks Surge"

Titagarh Rail Systems Limited witnessed a remarkable surge of 4.81 percent in its shares following the announcement of a lucrative contract with Gujarat Metro Rail Corporation (GMRC). The agreement entails Titagarh Rail Systems taking charge of the design, production, supply, testing, commissioning, and training for a fleet of 30 standard gauge cars, valued at a substantial ₹350 crore. This deal is exclusively dedicated to the ambitious Ahmedabad Metro Rail Phase-II Project.

The critical task of manufacturing these cutting-edge metro cars will be carried out at Titagarh Rail Systems Limited's state-of-the-art facility located in Uttarpara, situated in the picturesque Hooghly district of West Bengal, India. GMRC is driving this monumental project, which is set to expand the city's existing metro network by an impressive 28.2 kilometers.

Titagarh Rail Systems Limited (TRSL) is a prominent player in the dynamic realm of Passenger and Freight Rail Systems, offering innovative mobility solutions through the production of railway wagons, vital components, passenger coaches (EMU/MEMU), and advanced Metro Coaches. As a stalwart in the private sector manufacturing of railway wagons, TRSL has earned recognition as a key player in the passenger coach segment. The company boasts substantial orders from the Indian Railways for the production of wagons and holds formidable contracts for the supply and production of Metro Trains for projects in prominent Indian cities like Pune and Surat.

With this latest deal, Titagarh Rail Systems Limited not only strengthens its position in the rail industry but also contributes to the advancement of public transportation systems in the region. The impressive surge in the company's shares reflects the market's optimism about the prospects of this strategic partnership with GMRC.

HBL