GRSE awards major work order to Titagarh Rail System Ltd
Titagarh Rail Systems Limited has secured a Letter of Intent (LOI) from Garden Reach Shipbuilders & Engineers Ltd. for ship construction of 02 (two) vessels.
Kolkata, 22 August 2025: Indian rolling stock manufacturer Titagarh Rail Systems Limited has secured a Letter of Intent (LOI) from Garden Reach Shipbuilders & Engineers Ltd. for ship construction of 02 (two) vessels. The vessel will be built for Garden Reach Shipbuilders & Engineers Ltd., which is intended to use it for the Geological Survey of India. The ships are research vessels for use in coastal exploration.
The main activities of the vessels shall include:
• Offshore geological mapping
• Mineral Exploration, including dredging
• Ocean Environment monitoring and research
• Shipboard data processing and sample analyses in modern, well-equipped scientific laboratories.
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The order is valued at Rs 445 crore, plus Rs 22.25 crore towards GST, aggregating to a total order value of Rs 467.25 crore. The vessels will be built under the classification regulations of the Indian Register of Shipping.
Shares of Titagarh Rail Systems closed at Rs 857.00, up by 0.22% at BSE.
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