Titagarh Rail Systems Shipbuilding and Maritime Systems(SMS) division has secured Rs 467.25 crore order from Garden Reach Shipbuilders for the construction, trials, and delivery of two Coastal Research Vessels (CRVs) for the Geological Survey of India (GSI). The company claims that this is the single largest order to date,
The company claims that the new CRVs will play a pivotal role in strengthening India’s maritime research infrastructure by enabling advanced studies on seabed geology, oceanic resources, and environmental sustainability. The vessels are expected to empower Indian scientists with enhanced capabilities for offshore geological mapping, mineral exploration, ocean environment monitoring, and shipboard scientific analysis
Titagarh Rail Systems: Growing expertise in complex maritime assets
TRSL continues to reinforce its reputation as a trusted partner in India’s shipbuilding and maritime innovation sector. One of Titagarh Rail Systems’ key milestones, thus far, has been the successful construction and delivery of Coastal Research Vessels for the National Institute of Ocean Technology (NIOT), supporting vital oceanographic and scientific missions.
Commenting on this milestone order, Umesh Chowdhary, Vice Chairman and Managing Director of Titagarh Rail Systems said: “This contract is yet another testament to Titagarh’s strong relationship with GRSE through construction and delivery of strategic asset like ICGS Kamla Devi (FPV) and the intergovernmental cooperation project MV Ma Lisha (Cargo RoPax) for Cooperative Republic of Guyana.”
TRSL has successfully delivered 35+ vessels, further underscoring its capability in delivering complex maritime assets. Each CRV is being constructed to operate within India’s Exclusive Economic Zone (EEZ) in depths ranging from 5 to 1000 metres.
Onboard, the CRVs will house 22 types of advanced scientific equipment within three modern laboratories, offering state-of-the-art facilities for data processing and sample analysis. Beyond scientific infrastructure, the vessels are also designed to provide a supportive environment for life at sea.
Titagarh Rail Systems shares price
The share price of Titagarh Rail Systems has gained 5% in the last five trading sessions and 11% over the past month. However, in 2025 so far, the stock has delivered a negative return of 22%.