Rail stock, Titagarh Rail to foray into two new business verticals, including shipbuilding
Saket Kandoi, the Director of Freight Rolling Stock at Titagarh, has been assigned responsibility for the company's Maritime business.
Rail stock, Titagarh Rail to foray into two new business verticals, including shipbuilding
Titagarh Rail Systems has announced plans to expand into two new business sectors beyond its core railway operations. This announcement was made following the conclusion of the company's board meeting on Monday, February 3.
The first new area is "Shipbuilding and Maritime Systems," where Titagarh will engage in various marine activities, including shipbuilding and ship repair. This sector is typically dominated by state-run companies such as Mazagon Dock Shipbuilders, Cochin Shipyard, and Garden Reach Shipbuilders.
The second new area is "Signalling and Safety Systems." Here, Titagarh plans to undertake activities related to railway signaling and safety, including train control and condition monitoring, subject to compliance with relevant regulations. This segment will focus on enhancing railway operations through the development and installation of products that ensure smooth and secure train operations.
Saket Kandoi, the Director of Freight Rolling Stock at Titagarh, has been assigned responsibility for the company's Maritime business.
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