BL reported that an order worth EUR 3 million has put Titagarh Wagons AFR the French subsidiary of Titagarh Wagons Ltd, firmly back on rails.

Mr Umesh Chowdhary vice CMD of TWL told Business Line that TWAFR has bagged an order for 400 oil tank wagons from SNCF, the French national railways.

Ermewa, the rolling stock leasing arm of SNCF, will lease out these tank wagons to Total of Germany. This order also confirmed a close cooperation between TWAFR and the SNCF.

Mr Chowdhary said that “More importantly, it will help TWAFR re-establish its reputation across the continent.”

Mr Chowdhary said that this would engage TWAFR's productive capacity to the full through 2012 and create out sourcing opportunity from India. He added that “Our mandate is to supply the wagons within 12 to 18 months from now.”

(Sourced from BL)