TRSL Shipbuilding and Maritime Systems (SMS) division secures record ₹467.25 crore order from GRSE

AHMEDABAD, 22 August: Titagarh Rail Systems Limited (TRSL), a leading Indian rolling stock and engineering solutions provider, through its Shipbuilding and Maritime Systems (SMS) Division, has secured its single largest order to date, valued at ₹445 crore, plus ₹22.25 crore towards GST, aggregating to a total order value of ₹467.25 crore, from Garden Reach Shipbuilders & Engineers (GRSE) for the construction, trials, and delivery of two Coastal Research Vessels (CRVs) for the Geological Survey of India (GSI).

Commenting on this milestone order, Umesh Chowdhary, Vice Chairman and Managing Director of Titagarh Rail Systems Limited, said: “We are honoured to partner with GRSE in delivering these highly specialized Coastal Research Vessels for the Geological Survey of India. This contract is yet another testament to Titagarh’s strong relationship with GRSE through construction and delivery of strategic asset like ICGS Kamla Devi (FPV) and inter government cooperation project MV Ma Lisha (Cargo RoPax) for Cooperative Republic of Guyana, these projects reflect our joint commitment to strengthening the nation’s maritime infrastructure through close collaboration. This order also stands as a testimony to the trust placed in our shipbuilding and maritime systems capabilities, reaffirming our commitment to delivering world-class vessels that advance India’s strategic priorities in maritime research as well as sustainability. TRSL has a proven track record, having successfully delivered 35+ vessels, further underscoring our capability in delivering complex maritime assets. As a trusted Indian brand, we take great pride in contributing to the Government’s vision of Maritime Infrastructure Development to boost India’s domestic shipbuilding and maritime ecosystem. In alignment with the Government’s shipbuilding initiatives such as the National Shipbuilding Mission, Maritime Development Fund (MDF), and the Shipbuilding Financial Assistance Policy, Titagarh remains committed to supporting the PM’s vision of positioning India as a global shipbuilding hub. Through innovation, skill development, and self-reliance, we aim to drive economic growth while contributing to the strengthening of the nation’s maritime research ecosystem.”

This landmark contract marks a defining achievement for TRSL’s SMS Division and underscores the company’s growing role as a trusted partner in advancing India’s shipbuilding and maritime infrastructure sector.

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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)