Titagarh Wagons has decided to exit from France-based Arbel Fauvet Rail (AFR), the company's first overseas acquisition. The company had acquired AFR, a railway rolling stock maker, for Rs 11.7 crore in 2010.
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.