Shares of Titagarh Rail Systems Ltd were trading in the green and 1% higher on 25 August after the company announced securing an order for Rs 91.2 crore from Banaras Locomotive Works.

In its regulatory filing, the company said, “Titagarh Rail Systems Ltd has received a letter of acceptance (LOA) from Banaras Locomotive Works, for complete shell assembly for WAG-9HC locomotives. The order is valued at Rs 91.12 crore (Incl. GST).” The contract execution is set to be completed by 31 August 2026.

Earlier, on 22 August, the company’s shipbuilding and maritime systems (SMS) division received its single largest order to date, worth Rs 445 crore plus Rs 22.25 crore in GST, for the construction, trials, and delivery of two coastal research vessels (CRVs) for the Geological Survey of India (GSI).

In July, the business secured a Letter of Advance Acceptance (LOA) from the Ministry of Railways for the manufacturing and supply of 780 BVCM-C wagons worth roughly Rs 312.69 crore.

Also on Monday, the West Bengal government authorised the allotment of 40 acres of land to Titagarh Rail Systems Limited (TRSL) for the development of its current facility on a 99-year lease for Rs 126 crore.

The company’s consolidated net profit for the June quarter was more than halved year on year to Rs 31 crore, while revenue decreased over 25% to Rs 679 crore YoY.

At 12:14 pm, the shares of Titagarh Rail were trading 1.25% higher at Rs 869.60 on NSE.

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