Titagarh Wagons switches track to build ships

Titagarh Wagons switches track to build ships

Titagarh Wagons has transformedfrom being a wagon maker for the Indian Railways to also being a shipbuilder. By bagging the ₹175-crore order from the Indian Navy for the construction of four vessels, it has scored against defence PSUs like Goa Shipyard as well as private sector shipyards like Reliance Defence.

A company official told BusinessLine that it was “a tender-based procurement where eight companies participated. Titagarh Wagons was the lowest bidder. The other bidders included PSUs such as Garden Reach Shipbuilders and Engineers, Goa Shipyard Ltd and private sector shipyards such as Tebma Shipyards, Reliance Defence.” The company is among the largest private sector railway wagon manufacturers in India, and has been manufacturing wagons, coaches and specialised equipment for the railways, in addition to building bailey bridges. Read more

Credits:thehindubusinessline.com

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