Titagarh Rail Systems received its first contract under Wagon Leasing Business, an LOI from Balmer Lawrie & Co. Ltd. dated 24th March 2026.
The contract involves providing 2 BFNS 22.9T rakes on operating lease on Indian Railways network for 10 years, valued at ₹44.41 Crores (incl. GST).
This follows Titagarh's wagon leasing license signed with Indian Railways on 9th February 2026, with contract effective from 7th April 2026.