Titagarh Rail Awaits Firema Clarity by April, Gears Up for Vande Bharat Deliveries

• Titagarh Rail Systems expects clarity on its Italian associate Firema Trasporti by April, with a potential exposure of up to ₹300 crore.
• Passenger rail is now a key business segment, contributing over 70% to its ₹14,000-14,500 crore order book.
• The company anticipates starting deliveries for Vande Bharat trains from Q3 FY27, with an order value of ₹5,000 crore.
• Titagarh Rail is preparing to bid for new rail tenders, including high-speed rail projects.
• Wagon demand is expected to improve, and trial production from a joint venture wheel facility will help stabilize supply.