Titagarh Wagons has informed that the Board of Directors of the Company at its meeting held on May 26, 2016 has approved execution of a Joint Venture Agreement (JVA) with Matiere S.A.S., France pursuant where to a Joint Venture Company between the joint venture partners would be incorporated in India to pursue manufacture of metallic and modular bridges in India and their marketing in neighboring companies/territories agreed upon in the said agreement, subject to the compliances as may be applicable. The above would be in addition to the Company’s existing business of manufacture and sale of Bailey Bridges.
The above information is a part of company’s filings submitted to BSE.
