Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Company News

Titagarh Rail Systems Ltd
Titagarh Rail Systems receives LoI from GRSE
Aug 22,2025
Titagarh Rail Systems has secured a letter of intent from Garden Reach Shipbuilders & Engineers (GRSE) for Ship Construction of 02 (two) Vessels. The Vessels will be built for Garden Reach Shipbuilders & Engineers intended for use by 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

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 Indian Register of Shipping.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

A Muthoot M George Enterprise