New Delhi, November 4 (Udaipur Kiran): Shares of Titagarh Rail Systems Ltd. (TRSL) climbed over 3% on Monday after the company announced that it has received a Letter of Acceptance (LOA) worth ₹2,481 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for the Mumbai Metro Line 5 project.
The stock was trading at ₹911.75, up ₹27.20 or 3.08% from its previous close of ₹884.55 on the BSE. The scrip opened at ₹895.65 and touched an intraday high of ₹913.00 and a low of ₹894.75, with 55,499 shares traded so far. The company’s market capitalisation stands at ₹12,173.84 crore.
The BSE group ‘A’ stock, with a face value of ₹2, has recorded a 52-week high of ₹1,368.90 (on December 16, 2024) and a 52-week low of ₹655.30 (on March 4, 2025). Over the past week, it traded between ₹913.65 and ₹872.00. The promoters hold 40.46%, while institutional investors and non-institutional investors own 22.36% and 37.19%, respectively.
According to the company, the contract includes design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signalling & train control systems, telecommunication networks, platform screen doors, and depot machinery and plant. The agreement also covers five years of comprehensive maintenance following a two-year defect liability period.
The project pertains to Mumbai Metro Line 5 (Phase 1: Kapurbawadi–Kasheli Dhamankar Naka & Phase 2: Dhamankar Naka–Bhiwandi–Kalyan APMC) under the Mumbai Metro Rail Project managed by MMRDA.
This major win further strengthens Titagarh Rail Systems’ position as one of India’s leading integrated rolling stock and rail infrastructure manufacturers.
Titagarh Rail Systems Ltd., formerly known as Titagarh Wagons, is engaged in the manufacture and sale of freight wagons, passenger coaches, steel castings, bridges, ships, and heavy engineering equipment for mining and infrastructure sectors.
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