Titagarh Rail stock jumps 20% on strategic partnership with ABB for metro projects

In a significant market development, Titagarh witnessed an impressive uptick of nearly 9% in its shares following the establishment of a strategic partnership with ABB, the Swedish-Swiss multinational, for the execution of metro projects across India.

This groundbreaking collaboration aligns seamlessly with the Indian Government’s visionary initiatives, namely “Make in India” and “Atmanirbhar Bharat” (self-reliant India). The early fruits of this partnership have already ripened, as the duo secured lucrative orders for the design and supply of cutting-edge equipment destined for metro coaches in the state of Gujarat.


Titagarh Rail Systems, a key player specializing in the comprehensive spectrum of passenger rolling stock and metro coach services, stands as a pivotal force in both the Indian and international markets. ABB, globally renowned for its excellence in designing, manufacturing, and servicing propulsion systems and electrical components for rolling stock in railways and metro systems, sees this collaboration as an opportunity to solidify its presence in the dynamic Indian market.

Edgar Keller, ABB President of Traction Business, expressed optimism about the venture, stating, “This strategic partnership with Titagarh provides the strong foundation to enter and expand our footprint in this key market, while also supporting the efforts to make rail transportation in India sustainable through our energy-efficient technology, fully produced in India.”

As the clock struck 9:21 am, Titagarh’s shares soared to an impressive 9.26%, reaching ₹1,022.60.