Titagarh Rail Systems Bags ₹273 Cr Railway Order, Diversifies Business

• Titagarh Rail Systems Ltd (TRSL) secured a ₹273.24 crore order from Indian Railways for 62 Rail Borne Maintenance Vehicles (RBMV).
• The order marks TRSL's entry into the maintenance and technology-driven rail safety segment, expanding beyond traditional rolling stock manufacturing.
• Supply of RBMVs begins in 15 months, with full delivery and spare parts within 48 months.
• Despite a 298% return in 3 years, the stock has seen recent declines; however, Nuvama maintains a 'Buy' rating with a ₹1,088 target.
• Q2FY26 was weak due to wheelset shortages, but the company holds a strong overall order book, including a ₹2,480 crore Mumbai Metro order.

Why It Matters: Titagarh Rail Systems' new ₹273 Cr railway order diversifies its business, potentially boosting stock.