Titagarh Wagons gets a 220-m Euro order book boost post Italian firm buy.

Titagarh Wagons' acquisition of Italian passenger rail engineering firm Firema Trasporti S.p.A has given a 220-million Euro order book boost, said Umesh Chowdhary, Vice-Chairman and Managing Director, Titagarh Wagons Ltd., at a press conference.

Firema has designs and technology for manufacturing of metro coaches, semi and high-speed trains, propulsion systems such as traction motors and converters, shunting locomotives and trams.

This is the second overseas acquisition of TWL since 2010, when it acquired French company Arbel Fauvet Rail (now Titagarh Wagons AFR). These two acquisitions catapult TWL as a global player in advanced freight and passenger rolling stock technologies.

'Our plan is to synergise the technologies with our low-cost manufacturing capabilities in India,' Chowdhary explained. A large part of TWL’s current order book worth ₹870 crore has come from overseas.

TWL has just begun to utilise Titagarh Wagon AFR’s design and technologies to produce railway freight cars in India for marketing them in Africa. 'We also plan to utilise Firema technologies in India. We have decided to upgrade our Uttarpara plant (in West Bengal) for metro coaches and high-speed trains', Chowdhary added.

HBL