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Jefferies initiated coverage on rail rolling stock makers, recommending a Buy for Titagarh Rail Systems with an Rs 810 target, citing strong passenger and metro coach demand. Conversely, it issued an Underperform rating for Jupiter Wagons with a Rs 200 target, citing its freight-heavy business and slower growth prospects. Jefferies has initiated coverage on two rail rolling stock makers with contrasting calls, betting on a sharp re-rating in Titagarh Rail Systems while turning cautious on Jupit ...Read More >

Titagarh Rail Systems has secured a contract from Balmer Lawrie & for the appointment as a lessor to provide two BFNS22.9 rakes on an operating lease basis. The scope of work includes supplying two rakes comprising 43 wagons each, along with 4% spare wagons, with each wagon having a carrying capacity of 64.89 MT. These rakes will be deployed for transportation of HR coils, sheets, and plates over the Indian Railways network, as per the latest approved designs of Research Designs and Standards O ...Read More >

KOCHI: The first indigenously designed and built Diving Support Craft (DSC) was commissioned into the Indian Navy at a ceremonial event in Kochi on Tuesday. It marked the vessel's formal induction into active service, thus, strengthening the Navy's underwater operations, salvage, and clearance capabilities. DSC A20 is a modern catamaran-hull vessel, equipped with advanced diving systems and state-of-the-art underwater video monitoring, recording and tracking facilities. The craft is also fitted ...Read More >

Bengaluru : Titagarh Rail Systems Limited (TRSL), marked a key milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being built by TRSL under the Make in India initiative of the Ministry of Defence. The launch ceremony was graced by Mrs. Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch of t ...Read More >
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