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Titagarh Rail Systems Ltd logo

Titagarh Rail Systems Ltd

NSE: TITAGARH BSE: 532966

₹821

(1.73)%

Sat, 31 Jan 2026, 01:02 pm

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titagarh rail systems ltd History

1997

  • The company was incorporated on July 3.
  • The company received its certificate for commencement of business on July 11.

1998

  • The company purchased plant and machinery from Titagarh Steels Limited.
  • The company received its first order from the Indian Railways for supply of BOXN and BCNA wagons.

2000

  • The company received Quality Certification ISO-9002 from Lloyd's Register Quality Assurance, United Kingdom.

2001

  • The company received registration from the Ministry of Defence, Government of India, to be a licensed manufacturer of Bailey Bridge.
  • A scheme of arrangement/amalgamation between the company and Omnicom Webtec Limited was sanctioned by the Calcutta High Court.

2002

  • The company acquired 2.36 acres of land from Titagarh Steels Limited.
  • The company received recognition from the Ministry of Defence, Government of India, as an Industry Partner for wagon and bridges.

2003

  • The company commenced manufacture of BOST and BFNS type wagons.
  • The company received its first order from the Indian Railways Public Sector Unit CONCOR for supply of container flat wagons.

2004

  • The company acquired 13.71 acres of land from Titagarh Steels Limited.
  • The company received its first order for export to Africa.

2005

  • The company procured its first order from the National Thermal Power Corporation for manufacturing MGR type wagons.
  • The company procured its first private sector order from MSPL for manufacturing OYWS type wagons.
  • The company entered into a Share Subscription And Shareholders Agreement with Strategic Ventures Fund, Mauritius.
  • The company acquired the Heavy Engineering Division of Hyderabad Industries Limited pursuant to a Business Transfer Agreement.

2006

  • The company entered into a Share Subscription Agreement and Shareholders Agreement with 2i Capital PCC, Mauritius.
  • The company entered into an Investment and Shareholders Agreement with Goya Limited, Mauritius.
  • The company executed a Memorandum of Understanding with Kawada Industries Inc. for fabrication and construction of steel bridges.

2007

  • The company entered into a Share Subscription Agreement and Shareholders Agreement with GE.
  • The company received its first order for EMU coaches from Indian Railways.
  • The company entered into a cooperation and funding agreement with JPMorgan Mauritius Holdings Limited.

2008

  • The company entered into a Joint Venture Agreement with FreightCar America Inc.
  • The company entered into a shareholders agreement with JPMorgan Mauritius Holdings Limited.

2009

  • Shri. Nand Kishore Mittal was appointed as an Additional Director of the company.

2010

  • Titagarh Wagons acquired a wagon manufacturing unit in France.

2011

  • Mr. Charles Magolske was appointed as an Additional Director of the company.
  • The company recommended a dividend of Rs. 8/- per share.

2012

  • Titagarh Marine Ltd became a subsidiary of Titagarh Wagons Ltd.

2013

  • Titagarh Wagons acquired a 100% stake in Titagarh Marine Limited, making it a wholly owned subsidiary.
  • The company's Board of Directors recommended a dividend of Rs. 4/- per share.
  • The Titagarh-FreightCar Joint Venture Company was wound up.

2014

  • The company's Registered Office was shifted to Flat 1B, Aster Court, 3 Loudon Street, Kolkata - 700017.
  • Titagarh Wagons acquired a 99.23% stake in Cimco Equity Holdings Private Limited.
  • The company's Board of Directors recommended a dividend of Rs. 4/- per share for the financial year 2013-14.
  • The company gained on winning a contract.

2015

  • Titagarh Wagons received an industrial license from the Government of India.
  • The company completed the acquisition of Railway Rolling Stock Manufacturing business of Firema Transporti, S.p.a. Italy.
  • The company split its face value from Rs 10 to Rs 2.

2016

  • The company's subsidiary in Italy acquired a new order for Double Deck Trains worth about Euro 65 Million.
  • The company changed the location of its Registered office to 756 Anandapur, E.M Bypass Kolkata-700107.
  • The company won an order for construction of two fuel barges for the Indian Navy.

2017

  • Titagarh Wagons started construction of 2 Fuel Barges.
  • The company bagged a Letter of Acceptance for an infrastructure project in Nepal.

2020

  • Cimmco Limited was amalgamated with Titagarh Wagons Limited.

2021

  • The company was awarded a contract for construction and supply of five Diving Support Craft from the Indian Navy.

2022

  • Titagarh Wagons acquired land and infrastructure for ship building at Falta, West Bengal.
  • The company amalgamated Titagarh Bridges and International, a wholly owned subsidiary, with itself.

2023

  • The company name was changed to Titagarh Rail Systems Ltd from Titagarh Wagons Ltd.

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