Titagarh Rail Secures ₹273 Cr Ministry Order; Stock Down 40% in Year

• Titagarh Rail Systems Ltd received a ₹273.24 crore order from the Ministry of Railways for 62 Rail Borne Maintenance Vehicles (RBMV).
• The order includes design, manufacturing, supply, testing, commissioning, training, servicing, and breakdown maintenance of RBMVs.
• RBMVs are advanced self-propelled machines for railway infrastructure inspection, maintenance, and repair, enhancing safety and precision.
• This marks Titagarh's entry into the high-value, technology-driven rail maintenance segment, expanding beyond rolling stock.
• Despite the new order, Titagarh Rail's stock has fallen 40.87% in the last year, closing down 1.93% on Wednesday.

Why It Matters: Titagarh Rail wins a major ₹273 Cr order, diversifying into rail maintenance, but its stock has plunged 40% in a year.