Shares of Titagarh Rail Systems Limited (TRSL) and Bharat Heavy Electricals Limited (BHEL) are expected to remain in the spotlight after the two companies officially inaugurated the Vande Bharat Sleeper Train production line at Titagarh’s advanced Uttarpara facility in Kolkata. This development comes under a ₹24,000 crore mega contract awarded by Indian Railways to the Titagarh-BHEL consortium to manufacture 80 sleeper variants of the semi high-speed Vande Bharat trains.
Strategic partnership attracts investor attention
The landmark project marks a significant milestone in India’s rail modernization push and is seen as a strong earnings visibility driver for both companies over the medium term. Market participants are closely tracking Titagarh’s execution capabilities and BHEL’s engineering contribution, particularly as the rollout of the first prototype is expected by next year.
Boost to Make in India and long-term revenue pipeline
The contract aligns with the government’s Aatmanirbhar Bharat and Make in India initiatives, as both entities focus on building fully indigenous, state-of-the-art rail infrastructure. Titagarh’s Uttarpara unit is equipped with Industry 4.0 automation, and the project is expected to increase its annual production capacity from 300 to 850 coaches.
This new facility will not only handle large-scale orders for Indian Railways but also potentially cater to export markets, given the global demand for modern sleeper train systems.
