Titagarh Wagons to merge subsidiaries with itself

Titagarh Wagons is planning to bring its ship building business, so far carried out through subsidiaries, under its fold. In this regard, the company’s shareholders considered a proposal for the merger of its wholly owned subsidiary Titagarh Marines along with two of its subsidiaries Corporate Shipyard and Times Marine Enterprise with Titagarh Wagons.

The formal approval for the scheme of amalgamation before the Calcutta High Court, however, will take some time. The merger would mark Titagarh Wagon’s entry into ship, and trawler building, including manufacturing of barges for the Indian Navy.

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.