Titagarh Rail Systems gains on handing over first Diving Support Craft to Indian Navy
Titagarh Rail Systems is currently trading at Rs. 950.00, up by 8.00 points or 0.85% from its previous closing of Rs. 942.00 on the BSE.
The scrip opened at Rs. 950.00 and has touched a high and low of Rs. 956.60 and Rs. 946.00 respectively. So far 11043 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1368.90 on 16-Dec-2024 and a 52 week low of Rs. 655.30 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 964.90 and Rs. 901.25 respectively. The current market cap of the company is Rs. 12864.71 crore.
The promoters holding in the company stood at 40.46%, while Institutions and Non-Institutions held 21.18% and 38.36% respectively.
Titagarh Rail Systems (TRSL) has handed over the first indigenously built Diving Support Craft (DSC), DSC A20, to the Indian Navy. This vessel is the first in a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative. The Diving Support Craft, built with a catamaran-type hull, is designed to support the Navy’s Command Clearance Diving Teams in critical underwater operations such as repair, maintenance and salvage of ships inside and around harbours.
It is also equipped to serve as a training platform for the Navy’s diving cadre, thereby enhancing operational readiness. With an overall length of 32.9 metres and a breadth of 13 metres, the vessel has an endurance of 72 hours at economical speed with 25 percent reserve fuel capacity. Powered by two engines of 1,342 KW each, it can achieve a cruising speed of 11 knots and is capable of carrying a complement of 18 personnel.
With the delivery of DSC A20, TRSL’s Shipbuilding and Maritime Systems Division has once again demonstrated its ability to deliver complex, high-precision vessels for the armed forces. This milestone is especially significant as it makes DSC A20 the first Indian Naval Commissioned Vessel to be built and delivered by a private shipyard in Bengal, underscoring Titagarh’s growing role in India’s maritime ecosystem.
Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.
