Titagarh Rail systems Ltd launches 1st Diving Support Craft

Titagarh Rail systems Limited (TRSL), (formerly Titagarh Wagons Limited) were awarded a contract by the Indian Navy for the construction of five Diving Support Crafts (DSCs) in February 2021. TRSL has, today, launched the 1st DSC from its shipyard in Titagarh, West Bengal. The launch ceremony was graced by the presence of Mrs. Aradhna Mahindru, wife of Vice Admiral Sanjay Mahindru, AVSM, NM, Deputy Chief of the Naval Staff (DCNS). TRSL already has the distinction of being the first private ship builder in West Bengal to deliver complex sea vesselsto Indian Navy. TRSL is now the first and so far, the only private shipyard in West Bengal to build a warship for Indian Navy. The delivered DSC will be inducted into the Indian Navy's Southern Naval Command Clearance Diving Teams (CCDT) and will provide diving assistance during underwater repair, maintenance and salvage operations on ships inside designated harbours.

The DSC is replete with revolutionary technological advancements to facilitate diving operations in just about every possible undersea environment and is equipped with cutting-edge diving apparatus as well as tools to ensure unparalleled support to the Indian Navy's divers. In fact, the DSC project is also testament to the Government's 'Make in India' initiative as all main and auxiliary machinery is being sourced from indigenous manufacturers. With a total of five DSCs envisaged under the awarded contract, TRSL is ramping up its manufacturing operations and aims to deliver the remaining four DSCs as per the agreed schedule.

Commenting on this momentous occasion, Vice Chairman & Managing Director of Titagarh Rail Systems Limited Mr. Umesh Chowdhary enthused, "We are extremely delighted to launch the first DSC to the Indian Navy and remain committed to maintaining our stellar reputation of building quality ships. I would like to appreciate the tireless efforts put in by all members and organisations involved in this project. I express my deepest gratitude to the Indian Navy for giving us an opportunity to build a warship. All components used in building this technology-laden diving vessel are indigenously sourced which makes them proud flag bearers of 'Make in India' initiative of Government.

Speaking on the significance of this milestone, Vice Admiral Sanjay Mahindru of the Indian Navy elaborated, "The DSC project is testament to the 'Make In India' initiative of the Ministry of Defence and will help fulfil any mission requirements gaps of the Indian Navy's CCDTs. Although these DSCs will primarily provide support to ships docked at various harbours, they will also serve as an optimal platform for training the Indian Navy's diving cadre. We believe that these vessels will be a game changer in conducting diving operations."

Indian Navy has taken a giant leap forward in making India self-reliant in the maritime domain. In fact, with its advanced technological capabilities and TRSL's shipbuilding expertise, these DSCs will act as a flag bearer of the Indian Government's 'Make for the World' initiative, establishing the country as a global manufacturing hub in the maritime and military domain.

Shares of Titagarh Rail systems Limited was last trading in BSE at Rs. 809.40 as compared to the previous close of Rs. 743.50. The total number of shares traded during the day was 90168 in over 5098 trades.

The stock hit an intraday high of Rs. 821.30 and intraday low of 749.95. The net turnover during the day was Rs. 71057060.00.

Source : Equity Bulls

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TitagarhRailSystems INE615H01020 DivingSupportCraft 1st