Early mover bets ₹550 crore on India’s push to scale up shipbuilding capacity.

Titagarh Rail Systems Seeks Capital Subsidy to Build Large Ships Under Shipbuilding Scheme

Titagarh Naval Systems Ltd, a wholly owned subsidiary of Titagarh Rail Systems, has applied for capital subsidy under the Shipbuilding Development Scheme to expand its shipbuilding capacity in West Bengal. The company plans to invest ₹550 crore to set up a new facility spread over 50 acres, enabling it to build vessels as large as medium-range tankers. The expansion, classified as a brownfield project, will be partly funded by a 25% capital subsidy from the Union government. Initially planned at ₹330 crore, the project was scaled up to include a 200-metre dry dock after the subsidy made it commercially viable. The new yard will have the capacity to build 15–18 vessels annually of up to 160 metres in length. Having delivered over 35 vessels since 2016 to clients including the Indian Navy and Coast Guard, Titagarh aims to leverage government support to strengthen India’s shipbuilding ecosystem, aligned with the goals of the Ministry of Ports, Shipping and Waterways.