TITAGARH RAIL SYSTEMS LAUNCHES FOURTH DIVING SUPPORT CRAFT FOR INDIAN NAVY

Kolkata-based company

through it's subsidiary has launched the 4th Diving Support Craft for the Indian Navy as part of a 5-vessel order under the Make in India initiative. These special vessels are designed as catamaran-type vessels and are equipped with indigenously sourced systems to support the Indian Navy’s Command Clearance Diving Teams. They will be deployed for underwater inspection, repair, maintenance and salvage operations in harbour and near-shore areas. is mainly engaged in the manufacturing of railway wagons, passenger coaches, and metro trains. It's subsidiary company also caters to manufacturing specialized ships. Having a market cap of Rs 9,912 crore, the company has delivered good profit growth of 57% CAGR over last 5 years, and with new opportunities in the shipbuilding sector, the company's profits are expected to grow in the coming years.