Titagarh Rail Systems Limited has entered into a non-binding Memorandum of Understanding with Siemens on 25th August 2026. The purpose of this MoU is to jointly evaluate and explore international metro rolling stock opportunities on a case-to-case basis.
The arrangement is expected to further strengthen the company's commitment to promote local manufacturing in India. The disclosure has been made to both BSE Limited and National Stock Exchange of India Limited as part of regulatory compliance requirements.
This is a non-binding agreement, meaning it represents an expression of intent to explore potential partnerships rather than a committed contractual obligation. The company has made this disclosure available on its official website at www.titagarh.in.
The communication was signed by Aditya Purohit, Company Secretary & Compliance Officer (Membership No. ACS 27825), on 26th August 2026 at 17:25:35 IST.