Titagarh Rail Systems Share Price Surges On Securing ₹2,481 Crore Order from MMRDA for Mumbai Metro Line 5

Titagarh Rail Systems Ltd (TRSL) on October 31, 2025, announced that it has received a Letter of Acceptance (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA). As per the exchange filings, the ₹2,481 crore order is for the design, manufacture, supply, installation, and commissioning of metro systems for Mumbai Metro Line 5.

Project Scope

The order includes work for both Phase 1 (Kapur Bawdi-Kasheli-Dhamankar Naka) and Phase 2 (Dhamankar Naka-Bhiwandi-Kalyan APMC) of the corridor. It covers the supply of 132 metro coaches, signalling and train control systems, telecommunication, platform screen doors, depot machinery, and related systems. TRSL will also handle 5 years of comprehensive maintenance following a two-year defect liability period.

Implementation Timeline

Phase 1 of the project is expected to begin revenue operations within 108 weeks from the start date, while Phase 2 is planned for completion within 200 weeks. The driverless train operations, or GOA-4 commissioning, are scheduled to be completed in 217 weeks. The maintenance agreement will extend for 7 years after commissioning.

Manufacturing Details

The metro coaches will be built under the Make-in-India initiative at TRSL’s Passenger Rail Systems facility in Uttarpara, near Kolkata. The stainless-steel trainsets will be designed for durability, energy efficiency, and passenger comfort. 

The Uttarpara facility is already engaged in manufacturing metro trains for Ahmedabad, Surat, and Bengaluru, along with Sleeper Vande Bharat trains for Indian Railways.

Read More: Best Railway Stocks for November 2025: Titagarh Rail, BEML, Jupiter Wagons, and More - Based on 5Y CAGR!

Titagarh Rail Systems Share Price Performance

As of November 3, 2025, 09:24 AM, Titagarh Rail Systems share price was trading at ₹904.20, a 2.20% increase from the previous closing price.

Conclusion

The ₹2,481 crore Mumbai Metro Line 5 contract adds to Titagarh Rail Systems’ growing portfolio, focusing on domestic manufacturing and metro system development across India.

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