Titagarh Naval Systems Ltd (TNSL) has received in-principle approval from the Ministry of Ports, Shipping and Waterways for its proposed brownfield expansion project at Falta in West Bengal.
The project, to be undertaken under the Centre’s Shipbuilding Development Scheme, entails an investment of approximately ₹610 crore and aims to significantly enhance India’s shipbuilding and maritime manufacturing capabilities, the company said in a regulatory filing on Monday.
As part of the scheme, the government will extend capital assistance of around ₹129 crore towards eligible plant and machinery, subject to compliance with prescribed guidelines.
The proposed expansion is expected to upgrade the shipyard’s infrastructure and technological capabilities, enabling it to cater to defence, commercial and export-oriented shipbuilding requirements. It also aligns with India’s broader ambition to strengthen its presence in the global maritime sector.
Umesh Chowdhary, Vice Chairman and Managing Director of Titagarh Rail Systems Ltd, said the approval underscores the government’s commitment to building a robust domestic shipbuilding ecosystem.
“This in-principle approval is a strong endorsement towards building a self-reliant and globally competitive maritime nation,” he said.
Chowdhary added that the expansion would help develop a state-of-the-art shipyard in West Bengal, boosting defence indigenisation while catering to both domestic and international shipbuilding demand.
According to the company, the project is also expected to strengthen West Bengal’s position as an emerging hub for advanced maritime manufacturing.