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By EquityPandit

MARKETS

Titagarh Rail Shares Surge 3% on Entering the Shipbuilding and Maritime Business 

The company has introduced a new business sector for Shipbuilding and Maritime Systems.

Shares of Titagarh Rail Systems Ltd surged 3% on 4 February after the company announced its plans to enter the strategic shipbuilding and maritime systems industry in an effort to bolster its dominant position in manufacturing related to railroads.

The company has introduced a new business sector for Shipbuilding and Maritime Systems, which will perform  “marine business including shipbuilding, ship repair and other maritime business activities.”

The producer of railway wagons has also created a new business vertical for “signaling and safety systems” for railroads. “This segment focuses on railway operations, particularly in ensuring safety and efficiency and will involve development and installation of products that enables smooth and secure train operations,” said Titagarh Rail.

Titagarh also announced the promotion of Anil Kumar Agarwal, the Deputy Managing Director and CEO of the Freight Rail Systems sector, to the role of Deputy Managing Director (DMD). Saket Kandoi, Director (Freight Rolling Stock), who was recently appointed Director & CEO (Maritime), has been given control of the maritime industry.

The diversification strengthens Titagarh’s position in rail system production, along with its goals to broaden its scope and use its expertise in other areas. According to the company’s increase in its wagon capacity, the foundry will be able to produce 1,000 wagons per month by Q1FY26. The corporation announced that it plans to start ‘building up order book to the next levels’ in 2025 and plans to boost its order booking activity.

With its maritime endeavour, the company hopes to compete with businesses such as Mazagon Dock, Cochin Shipyard, and Garden Reach.

However, at 11:32 am, the shares of Titagarh Rail were trading 0.94% lower at Rs 902.05 on NSE. 

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