Titagarh Rail Systems secures LoI worth Rs 44.41 crore
The company has received a Letter of Intent from Balmer Lawrie & Co.
Titagarh Rail Systems has received a Letter of Intent (LoI) and also pursuant to the wagon leasing license signed by the company with the Indian Railways on February 09, 2026, this is the first successful contract bagged by the company under Wagon Leasing Business from Balmer Lawrie & Co. for providing 2 BFNS 22.9T rakes on operating lease basis on the Indian Railways network for a period of 10 years. The order is valued at Rs 44.41 crore (incl. of GST).
Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.
