The share price of Titagarh Rail Systems Ltd surged 6%, hitting an intraday high of Rs 964.15 on 5 February after the management reshuffle and launching two new business verticals that are aimed towards driving focused growth. 

As part of its expansion strategy, the company has introduced Ship Building and Maritime Systems (SMS) and Safety and Signaling Systems (SSS).

Titagarh has a strong legacy in shipbuilding and maritime projects, having designed and delivered specialized vessels such as a Fast Patrol Vessel for the Indian Coast Guard, a passenger ferry exported to Guyana, and Coastal Research Vessels like Sagar Tara and Sagar Anveshika.

With the Indian government emphasizing self-reliance (Atmanirbharta) in the defence and maritime sectors, the company is strengthening its focus in this domain. Its shipyard has already been approved for warship construction, with registrations from the Indian Navy, Indian Coast Guard, Ministry of Earth Sciences, and Shipping Corporation of India.

Commenting on the development, Saket Kandoi, the newly appointed CEO of the Ship Building and Maritime Systems division, stated that Titagarh aims to expand its Kolkata-based shipyard, explore new growth opportunities, and form strategic alliances. Additionally, the company is considering the establishment of larger facilities to support its long-term growth plans.

Despite the recent rally, railway stocks have faced challenges following a disappointing Budget 2025 allocation. The government maintained the railway budget at Rs 2.52 lakh crore for FY26, unchanged from the previous year, leading to market disappointment.

At 1:10 pm, the shares of Titagarh Rail Systems were trading 2.69% higher at Rs 925.85 on NSE.

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