Titagarh Wagons is planning to invest close to Rs 1,000 crore over the next three to five years for capacity building in the manufacturing of wagons, coaches and foundry. It will come up with a new foundry unit for backward integration.
The company currently has a capacity of manufacturing around 8,400 wagons a year, ramping up from a mere 150 units 25 years ago. The company currently has two foundry units with a combined capacity of close to 30,000 tonne. It is looking to set up a new facility with a capacity of around 70,000 tonne in West Bengal.
Titagarh Wagons is the largest private sector manufacturer of railway coaches (EMUs, MEMUs) and the largest wagon maker (other than Railways).
