Metro, Vande Bharat are changing train travel, and the course of this wagon maker too

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Synopsis

Until FY25, over 90% of Titagarh Rail Systems revenues came from rail wagon manufacturing. But upper-end passenger trains, including Metro and Vande Bharat, are rapidly changing its revenue mix.

For years, rail wagon manufacturing has been a stable business for Titagarh Rail Systems Limited (TRSL), which makes 10,000-12,000 freight wagons a year. But of late, there is one more thing that’s keeping its design team of 150-odd engineers extremely busy at the Uttarpara facility. Metro and Vande Bharat trains are filling up the company’s mammoth order book of INR8,500 crore. “The market opportunity is huge,” says Prithish Chowdhary, deputy

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