Titagarh Rail Systems Ltd saw its shares rise 3% in early trade after the company announced it had bagged a major order worth ₹1,598.55 crore for the Mumbai Metro Rail Project. The Letter of Acceptance (LOA) was officially issued by NCC Limited on August 2, 2025. As of 9:33 AM, the shares were trading 2.43% higher at Rs 856.50.
The contract involves the design, manufacturing, supply, integration, testing, and commissioning of 108 metro coaches for Mumbai Metro Line 6. The order covers 18 trains, each comprising six cars, which will operate on the corridor connecting Swami Samarth Nagar to Vikhroli (Eastern Express Highway).
Besides rolling stock delivery, the agreement also includes a two-year Defect Liability Maintenance Period and an additional five-year comprehensive maintenance contract—extending Titagarh Rail’s involvement in Mumbai’s metro infrastructure over the long term.
The design-build portion of the project is expected to be completed within 104 weeks. The maintenance phase will follow upon successful commissioning.
The project was awarded by NCC Limited, a domestic infrastructure firm, under the broader Mumbai Metropolitan Region Development Authority (MMRDA) plan. Titagarh Rail also confirmed that this is not a related-party transaction and that neither its promoters nor group companies hold any stake in NCC.
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