Titagarh Rail Shares Up on ₹2,481 Cr Mumbai Metro Project Win

Titagarh Rail Systems Ltd (TRSL) has won a contract of 2,481 crore by the Mumbai Metropolitan Region Development Authority (MMRDA) to execute the Mumbai Metro Line 5 project, which will further give Titagarh a strong presence in the increasing Indian metro ecosystem.

The project includes the development, production, distribution, implementation, integration, testing, and installation of metro rolling stock, communications based signalling and train control systems, telecommunication, platform screen doors, and depot equipment. The scope includes 132 metro coaches, signalling for 24.9 km of track, and telecom systems across 16 stations, along with five years of comprehensive maintenance.

Spanning both Phase 1 (Kapur Bawdi–Kasheli–Dhamankar Naka) and Phase 2 (Dhamankar Naka–Bhiwandi–Kalyan APMC), this is TRSL’s second major order for Mumbai Metro, following its earlier assignment for Line 6.

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Highlighting the company’s growing contribution to India’s rail infrastructure, Umesh Chowdhary, Vice Chairman & Managing Director, Titagarh Rail Systems, said, "We remain committed to driving the nation’s infrastructure growth — not only Make in India and Make for India, but also Make for the World. With this spirit, we continue to contribute meaningfully towards the vision of a Viksit Bharat in the years ahead."

Following the announcement, Titagarh Rail’s stock surged nearly 4%, reaching ₹919 per share, before settling at ₹909, marking a rebound after two consecutive sessions of decline. The company currently commands a market capitalisation of ₹12,225.68 crore, reinforcing its strong standing in India’s transport market.