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Titagarh Board Approves Joint Venture With BHEL for Vande Bharat Maintenance

Bharat Heavy Electricals Limited logoBharat Heavy Electricals Limited
Sig3.65Sen+1.35Env-2.70Soc-0.40Gov-0.35

Titagarh Rail Systems’ board approved a joint venture with Bharat Heavy Electricals Limited to provide Vande Bharat train maintenance services and allowed corporate guarantees for subsidiary operations. BHEL committed ₹3,064.46 crore toward Bharat Coal Gasification and Chemicals Limited over four years and approved plant mergers at Haridwar and Hyderabad effective April 1, 2026. Disclosures were filed under SEBI LODR Regulation 30, alongside mention of ₹10.85 lakh SEBI-LODR penalties for Titagarh’s board independence.

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