Cimmco gets industrial licence for manufacturing defence equipment

22 Apr 2015

Cimmco, a subsidiary of wagon and railway coach manufacturer Titagarh Wagons, has received industrial licence for manufacturing defence equipment. The Department of Industrial Policy and Promotion (DIPP) licence would help the group’s foray into the defence sector in a big way.

Titagarh Wagons had already expressed its intentions to convert its 75% subsidiary, Cimmco, into a defence equipment manufacturing firm.

Cimmco is engaged in business activities in wool and blended fabrics, ready-to-wear garments, plastic co-extruded films, sheets and BOPP films, thermosetting resins, heavy engineering, railway wagons, manufacture of complete plants for cement, etc.

Related Cimmco Ltd. Links:

Cimmco Share Price

20.20 0.00 (0.00%) Nov 15, 18:01
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Peers
Company Name CMP
Texmaco Rail & Eng. 44.40
Titagarh Wagons 48.60
Cimmco 20.20
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