Titagarh Rail Systems Limited has received a Letter of Intent (LOI) from Garden Reach Shipbuilders & Engineers Ltd. for the construction of two vessels for use by the Geological Survey of India. They are intended as research vessels for coastal exploration.
The vessels will include facilities for offshore geological mapping, mineral exploration including dredging, ocean environment monitoring and research, and shipboard data processing and sample analyses in laboratories. The order is valued at INR 4.45 billion, with an additional INR 222.5 crore towards GST, bringing the total to INR 4.68 billion.
The company stated that the vessels will be built under the classification regulations of the Indian Register of Shipping.
Titagarh Rail Systems Limited, formerly known as Titagarh Wagons Limited, operates in the transport and infrastructure sectors, including manufacturing railway wagons, coaches, and related systems.