Titagarh Wagons’ wholly-owned Subsidiary -- Titagarh Firema S.P.A., Italy (TFA) has been awarded the Letter of Acceptance (LoA) for design, manufacture and supply of 54 units of Metro for Ferrovia Circumetnea, Italy.
The total value of the LoA is Euro 216 million, equivalent to Rs 1740.60 crore approximately. The order book of TFA (after including the above order) stood at Euro 320 million, equivalent to Rs 2578.56 crore approximately.
Titagarh Wagons is engaged in the business of manufacturing Railway Wagons, EMU (Rail Coaches), Bailey Bridges, Heavy Earth, Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.