Titagarh Rail Systems said its subsidiary, Titagarh Naval Systems Limited (TNSL), has received an in-principle approval for a brownfield expansion project at Falta in West Bengal under the Government of India’s Shipbuilding Development Scheme.
The approval has been granted by the Ministry of Ports, Shipping and Waterways and follows recommendations of the third Inter-Ministerial Governing Board of the National Shipbuilding Mission.
The proposed brownfield expansion at the Falta facility will involve a total project cost of around ₹610 crore. Under the scheme, the government will extend capital assistance of about ₹129 crore towards eligible plant and machinery, subject to compliance with the scheme’s guidelines.
The expansion aims to strengthen Titagarh Naval Systems’ infrastructure and technological capabilities, enabling the shipyard to cater to defence, commercial and export-oriented shipbuilding requirements.
The development comes amid policy efforts by the government to promote the domestic shipbuilding ecosystem through initiatives such as the Shipbuilding Financial Assistance Scheme and the Shipbuilding Development Scheme. These measures are intended to enhance infrastructure, support vessel construction and position Indian shipyards to compete globally.
The Falta expansion project is expected to support India’s maritime manufacturing capabilities while reinforcing West Bengal’s position as an emerging hub for advanced shipbuilding and maritime infrastructure.
Umesh Chowdhary, Vice Chairman and Managing Director of Titagarh Rail Systems, said the in-principle approval marks an important step towards strengthening India’s shipbuilding ecosystem and building a globally competitive maritime sector.
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He added that the company remains committed to developing a state-of-the-art shipyard in West Bengal that will support defence indigenisation goals, contribute to national security and cater to domestic as well as international shipbuilding requirements.
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Shares of Titagarh Rail Systems ended at ₹639.10 on the NSE, up ₹24.20 or 3.94%, on April 6.
(Edited by : Shoma Bhattacharjee)
