Railway stock engaged in offering mobility solutions with its prominent presence in both the Passenger and Freight Rail Systems, jumped 9 percent in the day’s trade upon inaugurating a new engineering center in Bangalore dedicated to new product development for Train Control & Monitoring Systems and many more.
With a market capitalization of Rs. 16,148 Crores, the shares of Titagarh Rail Systems Limited were trading at Rs. 1,200 per equity share up 7.06 percent from its previous day’s close price of Rs. 1,120.10.
Titagarh Rail Systems Limited has inaugurated a new engineering center in Bangalore dedicated to new product development for Train Control & Monitoring Systems (TCMS) and advanced Propulsion Systems to revolutionize the future of rail transportation in the country.
The New Engineering Centre will also play a key role in executing Titagarh Rail Systems Limited’s current and upcoming rolling stock & propulsion projects like Surat & Ahmedabad Metro, Vande Bharat, ICF EMU/MEMU, and many others demonstrating its commitment to the ‘Make-in-India’ and ‘Aatmanirbhar Bharat’ initiative towards a Viksit Bharat.
The Centre is equipped with cutting-edge technology and infrastructure and will function as an innovation hub, where ideas are transformed into tangible solutions that tackle the complexities of modern rail transportation.
Mr. Umesh Chowdhary, Vice Chairman and Managing Director, of Titagarh Rail Systems Limited, said “We are incredibly proud to inaugurate our new engineering center in Bangalore. It is a hub of exciting engineering talent that will serve as a perfect opportunity for aspiring young engineers to support ever growing vision of Titagarh.
The facility reaffirms our commitment to pushing the envelope in implementing cutting-edge rail technology while contributing to building enhanced connectivity in the country. The Centre is a step towards our vision to offer completely made-in-India metro coaches to strengthen the country’s local transportation, and also ensure that we are at the forefront of the rail industry’s evolution”
Titagarh Rail Systems Limited (TRSL) is one of the largest private-sector manufacturers of railway wagons and an established player in passenger coaches, it offers mobility solutions with its prominent presence in both the Passenger and Freight Rail Systems including railway wagons, components, passenger coaches (EMU/MEMU), and Metro Coaches.
As of 31st March 2024, it has a strong order book of 14,750 Crores, of which 54 percent of the order book i.e., Rs. 8,000 Crores is received for Freight Rolling stock Breakup and the rest 46 percent i.e., Rs. 6,750 Crores is received for Passenger Rolling Stock Breakup.
Its Revenue from Operations grew by 8 percent from Rs. 974.22 Crores in Q4FY23 to Rs. 1,052.41 Crores in Q4FY24, accompanied by profits of Rs. 48.24 Crores to Rs. 78.95 Crores.
In terms of Return ratios, it has reported a return on equity(ROE) of 18.1 percent, a return on capital employed (ROCE) of 24.9 percent, and a debt-to-equity ratio of 0.07.
Written by: Bharath K.S
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