Titagarh Wagons has subscribed to the preferential allotment of equity shares made by Titagarh Marine (TML) and thereby TML has become 98.90% subsidiary of the company with effect from March 03, 2012.
TML's main objects are to carry on shipbuilding / marine business. Further, TML has entered into necessary agreements to acquire 100% stake each in two companies which are already engaged in shipbuilding and marine business.
Titagarh Wagons is engaged in manufacturing of railway wagons. It is one of the leading private sector wagon manufacturers in India. Currently, the company is engaged in manufacturing of railway wagons, bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration.
