Titagarh Rail bags nearly ₹2,500 crore work order from MMRDA; shares advance 4%

The scope of the project includes the design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signalling & train control, telecommunication, platform screen door systems, and depot machinery & plant.

The contract entails the design, manufacture and supply of 132 Metro coaches, along with signalling for 24.9 km and telecom across 16 stations, and also includes five years of comprehensive maintenance. Valued at approximately ₹2,481 crore plus GST, this project marks another milestone in TRSL’s commitment to advancing India’s urban mobility infrastructure, it added.

The contract covers both Phase 1 (Kapur Bawdi–Kasheli–Dhamankar Naka) and Phase 2 (Dhamankar Naka–Bhiwandi–Kalyan APMC) of the Mumbai Metro Line 5 project. This marks Titagarh Rail Systems’ second major contract for the Mumbai Metro, following its earlier mandate for the rolling stock of Line 6.

"The new project further strengthens TRSL’s position as one of India’s foremost contributors to the country’s fast-growing metro ecosystem, underlining its capability to deliver comprehensive, made-in-India solutions across multiple domains of urban transit infrastructure," the press release added.

Commenting on the order, Umesh Chowdhary, Vice Chairman & Managing Director, Titagarh Rail Systems Ltd, said, “We are honoured to secure this contract for the Mumbai Metro, this time with MMRDA for Line 5. This milestone demonstrates Titagarh’s growing expertise in delivering end-to-end metro solutions."

The MD added, "Our continued partnership with Mumbai’s metro expansion reflects our commitment to India’s vision of sustainable, efficient, and world-class transportation, creating the next phase of urban mobility. We remain committed to driving the nation’s infrastructure growth — not only Make in India and Make for India, but also Make for the World. With this spirit, we continue to contribute meaningfully towards the vision of a Viksit Bharat in the years ahead.”

About Titagarh Rail Systems

Titagarh Rail Systems is one of the leading comprehensive mobility solution providers with a strong presence in India and Italy. "With state-of-the-art factories in both countries, we are committed to meeting the diverse requirements of passenger and freight rolling stock," the company says.

Titagarh specialises in crafting cutting-edge transportation solutions, including semi-high-speed trains, urban metros, passenger coaches, propulsion systems, and a wide array of wagons, including specialised ones.

Titagarh Rail: Share price trend

Shares of Titagarh Rail Systems have rallied nearly 21% in the past six months, slipped 20% YTD, and nearly 25% in the past 12 months.