Titagarh Rail System expects its defence vertical to become the third pillar

 

  • Titagarh Rail System expects its defence vertical to become the third pillar driving the company's growth over the next 3-4 years. 
  • The current focus though is on railways comprising the passenger and freight rail businesses.
  • “We are keeping this (defence) as the reserve engine for growth. The two engines that we have --  the passenger rail side and the freight rail side are firing on full guns. The defence business will be the third engine of growth that will come post that,” said Umesh Chowdhary, the company's Vice Chairman and MD, in an interview with CNBC-TV18.
  • Titagarh received a ₹170 crore order to supply 250 specialised wagons to the Ministry of Defence. Execution of the contract is scheduled to start 12 months after signing the contract and the order is to be completed in 36 months.
  • The defence vertical, he said, currently has a very small share in terms of order book as well as revenues, adding that out of ₹28,000 crore order, the defence business is about ₹350-400 crore

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