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Titagarh Wagons Ltd bagged a tender floated by the Indian Navy for manufacture of vessels. The order is for building of two 1000 Tonne oil tankers to be delivered within 21 months from signing of contract, and is worth about Rs 75 crore. The Group had acquired the requisite accreditations in shipbuilding through merger of its subsidiaries, Titagarh Marine and Corporated Shipyard into itself. Titagarh Firema, the subsidiary of Titagarh in Italy has also secured a new contract for about €70 million for design, supply and installation of new traction system and fire protection system in the existing fleet of Trenitalia. The delivery is to be completed within 55 months.
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