Titagarh Rail Systems gains on launching third built Diving Support Craft for Indian Navy
Titagarh Rail Systems is currently trading at Rs. 953.50, up by 26.05 points or 2.81% from its previous closing of Rs. 927.45 on the BSE.
The scrip opened at Rs. 934.75 and has touched a high and low of Rs. 964.90 and Rs. 928.85 respectively. So far 99502 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1388.00 on 13-Sep-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. 839.00 respectively. The current market cap of the company is Rs. 12948.88 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 launched the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being built by TRSL under the Make in India initiative of the Ministry of Defence. Diving Support Crafts are catamaran-type vessels designed and built with advanced equipment sourced from indigenous manufacturers. They are equipped to support the Indian Navy’s Command Clearance Diving Teams (CCDTs) in critical operations such as underwater repair, maintenance, and salvage of ships inside and around harbours.
The diving support crafts will also serve as advanced training platforms for the Navy’s diving cadre, enhancing operational readiness. With the successful launch of the third DSC, TRSL’s Shipbuilding and Maritime Systems (SMS) Division continues to demonstrate its ability to deliver complex, high-precision vessels for the armed forces. As was recently announced, the board of directors of TRSL recently approved the creation of a new entity to which the SMS business will be transferred, in order to optimise the growth of the business, while TRSL continues to focus on its core rail sector.
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.
