Titagarh Wagons (TWL) is planning to restructure its business, which expects to have positive spill over for its associate firm Cimmco. This restructuring plan includes diverting TWL’s earth moving and mining equipment business to a wholly-owned subsidiary Titagarh Cranes (TCL). The company will build a new team which will focus on the earth moving and mining equipment business. As a division of wagon making TWL, it did not get enough attention.
TCL will not have a manufacturing base but will offer the equipment produced by Cimmco through contract manufacturing agreement. Cimmco, which is being nursed back to health, has unused engineering and machine building capacities.
