New Launch26 Mar 2026, 08:34 pm
Titagarh Rail Systems Ltd Secures ₹44.41 Crore Contract from Balmer Lawrie & Co. Ltd for Wagon Leasing Business
AI Summary
Titagarh Rail Systems Ltd has announced the receipt of a Letter of Intent (LOI) dated 24th March, 2026, from Balmer Lawrie & Co. Ltd for providing 2 BFNS 22.9T rakes on operating lease basis on the Indian Railways network. This is the first successful contract under the Wagon Leasing Business from Balmer Lawrie & Co. Ltd, valued at ₹44.41 Crores (incl. of GST). The contract is for a period of 10 years and is in line with the wagon leasing license signed by the company with the Indian Railways on 9th February, 2026.
Key Highlights
- Titagarh Rail Systems Ltd has secured a ₹44.41 Crore contract from Balmer Lawrie & Co. Ltd
- The contract is for providing 2 BFNS 22.9T rakes on operating lease basis on the Indian Railways network
- This is the first successful contract under the Wagon Leasing Business from Balmer Lawrie & Co. Ltd
- The contract is for a period of 10 years
- The contract is in line with the wagon leasing license signed by the company with the Indian Railways on 9th February, 2026