Titagarh Rail Systems’ board has approved an investment of up to ₹50 Crore in its wholly-owned subsidiary, Titagarh Naval Systems Limited (TNSL). This investment will support TNSL’s business expansion through a strategic investor. The board also approved wagon leasing activities and the conversion of its Design and Engineering business into ‘TITAGARH Engineering & Technology Centre (TETC)’ to boost design capabilities and innovation.
Investment in Titagarh Naval Systems Limited
The Board of Directors has given the green light for an investment of up to ₹50 Crore in Titagarh Naval Systems Limited (TNSL), a wholly-owned subsidiary. This investment will be executed in one or more tranches. The funds will be channeled towards a proposed fundraise by TNSL. The goal is to support the expansion of TNSL’s business activities with a strategic investor. This strategic investor will be identified by TNSL and will also invest in TNSL, alongside Titagarh Rail Systems.
Wagon Leasing Business Approval
The Board has also approved the carrying on of wagon leasing business activity. This will be done under the Wagon Leasing Scheme (WLS) of the Railways, allowing the company to expand its service offerings in the railway sector.
Establishment of TITAGARH Engineering & Technology Centre (TETC)
The existing Design and Engineering business will be converted into a Separate Business Unit, known as ‘TITAGARH Engineering & Technology Centre (TETC)’. The objective is to strengthen design capability, enhance efficiency, and drive innovation across the Titagarh Rail Systems Group. This restructuring aims to consolidate the company’s position in engineering and technology.
Finance Committee Constitution
A Finance Committee has been constituted. The committee includes Shri Atul Joshi (Chairman), Shri Umesh Chowdhary, Vice Chairman & Managing Director, and Shri Anil Kumar Agarwal, Deputy Managing Director. This committee will oversee the company’s financial matters.
Financial Results
The Unaudited Financial Results (Standalone and Consolidated) for Q2 FY26 have been approved. These results cover the quarter and half-year ended September 30, 2025. The Limited Review Report of the Auditors is also enclosed.
Source: BSE
