Titagarh Rail Systems Receives Approval as Wagon Leasing Company

Titagarh Rail Systems Ltd has received approval from the Ministry of Railways, Government of India, through the Railway Board, for registration as a Wagon Leasing Company (WLC) under the Wagon Leasing Scheme (WLS) of 2015. This approval allows the Company to own railway wagons and offer them on lease for operations on the Indian Railways network. The Wagon Leasing Scheme aims to encourage private sector participation in rolling stock ownership, improve wagon availability, and enhance efficiency and capacity in freight transportation. The Company will comply with all operational, safety, maintenance, and regulatory requirements as stipulated by Indian Railways and other competent authorities. This approval marks Titagarh Rail Systems' entry into the wagon leasing segment, strengthening its integrated presence across wagon manufacturing, asset ownership, and freight mobility solutions. This strategic development is expected to enhance long-term business visibility and value creation within the rail logistics ecosystem.