Shares of Titagarh Rail Systems Ltd surged 3.25% to touch a day’s high of Rs 809.60 on 28th January after the company said it and ABB India Ltd have taken a significant step towards developing propulsion systems and enabling technology transfer for 25kV driverless metro projects in India.

Under the agreement, ABB India will support the design, manufacture, supply, testing, installation supervision, and commissioning of propulsion systems. In addition, it will handle the transfer of technology for the Train Control and Monitoring System (TCMS) for 25 kV AC metro projects. The TCMS will initially operate at GoA2 and be upgradeable to GoA4.

The partnership also includes the gradual transfer of manufacturing and co-production of converters and traction motors for MMRDA projects. Titagarh had earlier won a contract to supply 240 metro coaches for Mumbai Metro Lines 5 and 6.

The scope covers Lines 5 (24.52 km, 17 stations) and 6 (15.60 km, 13 stations). There will also be five years of maintenance following a two-year Defect Liability Period.

The agreement strengthens Titagarh’s Make in India and Atmanirbhar Bharat push. With prior TCMS technology acquisition for 750 V systems and a new TCMS lab in Bengaluru, the company will now complete its TCMS portfolio across Indian metro traction systems.

Titagarh will also progressively co-produce high-precision propulsion systems with ABB, supporting backward integration, higher localisation, and indigenous manufacturing.

At 12:45 PM, shares of Titagarh Rail were trading 3.34% higher at Rs 806.45 on NSE.

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