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2026-08-03 11:27:41 am | Source: Accord Fintech
Titagarh Rail Systems zooms as its arm launches fifth Diving Support Craft A24 (YARD 329) for Indian Navy
Titagarh Rail Systems zooms as its arm launches fifth Diving Support Craft A24 (YARD 329) for Indian Navy

Titagarh Rail Systems is currently trading at Rs. 859.45, up by 34.50 points or 4.18% from its previous closing of Rs. 824.95 on the BSE.

The scrip opened at Rs. 841.15 and has touched a high and low of Rs. 869.60 and Rs. 825.35 respectively. So far 5324 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970.05 on 18-Jun-2026 and a 52 week low of Rs. 568.65 on 30-Mar-2026.

Last one week high and low of the scrip stood at Rs. 869.60 and Rs. 806.15 respectively. The current market cap of the company is Rs. 11272.19 crore.

The promoters holding in the company stood at 40.46%, while Institutions and Non-Institutions held 26.27% and 33.27% respectively.

Titagarh Rail Systems’ wholly owned subsidiary -- Titagarh Naval Systems (TNSL) has launched the fifth Diving Support Craft A24 (YARD 329) for the Indian Navy. The vessel is the fifth and final ship in a series of five Diving Support Craft (DSCs) being constructed under the Government of India's Make in India initiative.

Designed as catamaran-type vessels, these Diving Support Crafts are equipped with advanced, indigenously sourced systems to support the Indian Navy’s Command Clearance Diving Teams (CCDTs). They will play a critical role in underwater operations, including inspection, repair, maintenance, and salvage activities within harbour and near-shore environments.

In addition to operational deployment, the DSCs will also serve as training platforms for the Indian Navy's diving personnel, enhancing operational readiness and capability development. The launch marks another significant step for Titagarh Naval Systems, the dedicated shipbuilding and maritime systems company formed following the strategic restructuring of Titagarh Rail Systems. Strengthening its focus on maritime growth, TNSL is also developing a state-of-the-art, 50-acre shipyard at Falta, West Bengal, to cater to both national and international shipbuilding requirements.

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