Titagarh Wagons acquire 100% stake in Titagarh Marine

Source: BSE – Titagarh Wagons Ltd has informed BSE that the Company has acquired 100% stake in Titagarh Marine Limited (TML) and accordingly TML has become a wholly owned subsidiary of the Company w.e.f. March 25, 2013.

Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. Incorporated in 1997-98 TWL is primarily engaged in the business of manufacturing Railway Wagons & EMUs (Coaches), Bailey Bridges, Heavy Earth Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.

As an “Industry Partner” to the Defence Research and Development Establishment, Ministry of Defence (“DRDO”), TWL also manufactures certain products for the Indian defence establishment, such as special wagons, shelters and other engineering equipments.

Leading private sector company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India.

TWL has Class A Specific Foundry and is registered manufacturer of Casnub Bogies & Components, HT Centre Buffer Coupler and its components recognised by RDSO, Ministry of Railways, Government of India

Besides being the leading manufacturer of Wagons in India as a Group, TWL has recently marked its presence in International markets by setting up Titagarh Wagons AFR, a subsidiary in France having acquired assets and business of manufacture of Rolling Stock.

Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector, to be known as a dependable and preferred partner for growth in line with a national perspective plan.

Titagarh Wagons Limited is also committed to creating maximum value for all its stakeholders.