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Titagarh Naval Systems (TNSL) has received In-Principle Approval from the Ministry of Ports, Shipping and Waterways for its brownfield expansion project at Falta, West Bengal, under the Government of India's Shipbuilding Development Scheme (SbDS).
The Government of India has been actively promoting the domestic shipbuilding ecosystem through focused initiatives such as the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS). This policy momentum, further reinforced through recent Union Budget priorities, reflects a strong and positive approach towards strengthening India's shipbuilding capabilities, enhancing infrastructure, supporting defence and commercial vessel construction, and positioning Indian shipyards to compete effectively at a global level.
In line with these national initiatives, Titagarh's proposed brownfield expansion at Falta represents a significant step toward strengthening India's shipbuilding and maritime manufacturing capabilities. The project has received approval based on the recommendations of the 3rd Inter-Ministerial Governing Board of the National Shipbuilding Mission, reflecting strong inter-ministerial support for the development of world-class shipbuilding infrastructure in India.
The total project cost for the brownfield expansion at Falta will be approximately Rs 610 crore. Under the Shipbuilding Development Scheme, the Government will extend capital assistance of around Rs 129 crore towards eligible plant and machinery, subject to compliance with the applicable scheme guidelines.
Brainbees Solutions Ltd, Titagarh Rail Systems Ltd, CreditAccess Grameen Ltd, Jupiter Wagons Ltd are among the other stocks to see a surge in volumes on NSE today, 07 April 2026.
Gallantt Ispat Ltd. notched up volume of 206.76 lakh shares by 14:09 IST on NSE, a 132.43 fold spurt over two-week average daily volume of 1.56 lakh shares. The stock rose 12.80% to Rs.636.85. Volumes stood at 76182 shares in the last session.
Brainbees Solutions Ltd witnessed volume of 738.42 lakh shares by 14:09 IST on NSE, a 20.17 times surge over two-week average daily volume of 36.61 lakh shares. The stock increased 8.87% to Rs.246.81. Volumes stood at 18.71 lakh shares in the last session.
Titagarh Rail Systems Ltd recorded volume of 197.28 lakh shares by 14:09 IST on NSE, a 19.09 times surge over two-week average daily volume of 10.33 lakh shares. The stock gained 10.35% to Rs.705.50. Volumes stood at 12.12 lakh shares in the last session.
CreditAccess Grameen Ltd notched up volume of 32.91 lakh shares by 14:09 IST on NSE, a 15.05 fold spurt over two-week average daily volume of 2.19 lakh shares. The stock rose 3.19% to Rs.1,218.30. Volumes stood at 2.45 lakh shares in the last session.
Jupiter Wagons Ltd clocked volume of 168.55 lakh shares by 14:09 IST on NSE, a 6.75 times surge over two-week average daily volume of 24.98 lakh shares. The stock gained 5.92% to Rs.273.50. Volumes stood at 17.91 lakh shares in the last session.
Titagarh Rail Systems Ltd, Kesoram Industries Ltd, Jupiter Wagons Ltd and Sharda Cropchem Ltd are among the other gainers in the BSE's 'A' group today, 07 April 2026.
Brainbees Solutions Ltd soared 17.14% to Rs 266.2 at 11:44 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 20.67 lakh shares were traded on the counter so far as against the average daily volumes of 3.33 lakh shares in the past one month.
Titagarh Rail Systems Ltd surged 12.42% to Rs 718.9. The stock was the second biggest gainer in 'A' group. On the BSE, 7.32 lakh shares were traded on the counter so far as against the average daily volumes of 81489 shares in the past one month.
Kesoram Industries Ltd spiked 9.90% to Rs 10.32. The stock was the third biggest gainer in 'A' group. On the BSE, 2.92 lakh shares were traded on the counter so far as against the average daily volumes of 1.52 lakh shares in the past one month.
Jupiter Wagons Ltd exploded 7.70% to Rs 278.25. The stock was the fourth biggest gainer in 'A' group. On the BSE, 4.45 lakh shares were traded on the counter so far as against the average daily volumes of 4.8 lakh shares in the past one month.
Sharda Cropchem Ltd gained 5.84% to Rs 969. The stock was the fifth biggest gainer in 'A' group. On the BSE, 15996 shares were traded on the counter so far as against the average daily volumes of 12263 shares in the past one month.
The expansion will substantially enhance Titagarh Naval Systems’ infrastructure and technological capabilities, enabling the shipyard to cater to defence, commercial, and export-oriented shipbuilding requirements.
Umesh Chowdhary, vice chairman & managing director, Titagarh Rail Systems, said: “This in-principle approval under the Shipbuilding Development Scheme is a strong endorsement towards building a self-reliant and globally competitive maritime nation. We sincerely acknowledge the guidance and support of the Ministry of Ports, Shipping and Waterways in enabling this important milestone.
At Titagarh, we remain firmly committed to building a state-of-the-art shipyard in the state of West Bengal that will support the country’s defence indigenisation goals, contribute to national security, and cater to both domestic and global shipbuilding requirements. This is a significant step in our journey to contribute meaningfully to India’s maritime growth story.”
Titagarh Rail Systems is mainly engaged in the manufacturing and selling of freight waggons, passenger coaches, metro trains, train electricals, steel castings, specialised equipment & bridges, ships, etc. The company caters to both domestic and export markets.
The company's consolidated net profit tanked 23.48% to Rs 48.03 crore in Q3 FY26 as against Rs 62.77 crore posted in Q3 FY25. Revenue from operations decreased 7.8% year-on-year (YoY) to Rs 832.06 crore in the quarter ended 31 December 2025.
Revenue from operations decreased 7.8% year-on-year (YoY) to Rs 832.06 crore in the quarter ended 31 December 2025.
Profit before tax from continuing operations stood at Rs 65.15 crore in Q3 FY26, down 26.40% year on year.
Total expenses fell 7.13% to Rs 770.34 crore in Q3 FY26 over Q3 FY25. During the quarter, cost of raw materials & components consumed stood at Rs 643.33 crore, down 7.83% YoY, while employee benefits expense was at Rs 30.61 crore, up 40.41% YoY.
On segmental front, revenue from freight rail systems stood at Rs 665.70 crore (down 21.93% YoY) and revenue from passenger rail systems stood at Rs 166.36 crore (up 236.82% YoY), during the quarter.
Titagarh Rail Systems is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The Company caters to both domestic and export market.
Shares of Titagarh Rail Systems slipped 1.65% to end at Rs 765.05 on the BSE on Friday.
RBMVs are specialized self-propelled on-track machines used for inspection, maintenance, and restoration of railway infrastructure. These vehicles are equipped with advanced systems for track maintenance and overhead equipment (OHE) works, aimed at improving operational safety and reliability across the rail network.
The supply of the machines is scheduled to commence within 15 months from the date of the order, while delivery of all machines along with a complete set of spares is to be completed within 48 months.
Commenting on the development, the company said that this maiden order marks a key strategic milestone, signalling Titagarh Rail Systems’ entry into a high-value, technology-driven, and safety-critical segment.
Titagarh Rail Systems (formerly known as Titagarh Wagons) is mainly engaged in the manufacturing and sale of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment, bridges, and ships. The company caters to both domestic and export markets.
The company reported a 54.26% decline in consolidated net profit to Rs 36.90 crore in Q2 FY26 as against Rs 80.69 crore posted in Q2 FY25. Revenue from operations decreased 24.40% year-on-year (YoY) to Rs 799.03 crore in the quarter ended 30 September 2025.
Shares of Titagarh Rail Systems rose 0.23% to Rs 776.60 on the BSE.