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Titagarh Rail Systems Ltd ( (IN:TITAGARH) ) just unveiled an update.
Titagarh Rail Systems Limited has delivered the first indigenously built Diving Support Craft (DSC A20) to the Indian Navy, marking a significant milestone in its shipbuilding endeavors. This delivery, part of a series of five vessels under the Make in India initiative, highlights TRSL’s growing role in India’s maritime sector and its commitment to enhancing the Navy’s operational readiness. The establishment of Titagarh Naval Systems as a subsidiary will allow TRSL to focus on its core railway systems business while enabling aggressive growth in shipbuilding, further contributing to India’s maritime excellence.
More about Titagarh Rail Systems Ltd
Titagarh Rail Systems Limited (TRSL) is a prominent Indian company specializing in rolling stock and engineering solutions. The company is actively involved in the maritime sector, focusing on shipbuilding and maritime systems. TRSL is expanding its capabilities with a new state-of-the-art shipyard and plans to transfer its shipbuilding business to a wholly owned subsidiary, Titagarh Naval Systems, to enhance its focus on railway systems and shipbuilding growth.
Average Trading Volume: 129,485
Technical Sentiment Signal: Buy
Current Market Cap: 127.6B INR
Learn more about TITAGARH stock on TipRanks’ Stock Analysis page.