Titagarh Rail Systems has entered into a 99-year lease agreement with the Governor of West Bengal for around 40.009 acres of contiguous land at Mouza Kotrung and Mouza Bhadrakali, Uttarpara, West Bengal, at an aggregate consideration of Rs 126.63 crore. The strategic nature of this land parcel provides crucial space for establishing extra production infrastructure, and dedicated areas for forming, testing, and commissioning of metro coaches and Vande Bharat trains. This will ensure comprehensive performance and safety validation including a test track of sufficient length for conducting adequate dynamic and running tests of all trains before delivery for passenger use.
The additional land is contiguous to the company’s existing Uttarpara manufacturing facility of around 34 acres and hence strategic and critical to implementation of the passenger rolling stock business of the company for the Indian infrastructure space such as metro coaches and Vande Bharat coaches as well as specialised rolling stock for the Indian defence, all of which are being currently executed by the company.
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.
| Company Name | CMP |
|---|---|
| Texmaco Rail & Eng. | 103.10 |
| Jupiter Wagons | 278.05 |
| Titagarh Railsystems | 726.50 |
| Jessop & Co | |
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