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Other Deals

Titagarh Rail, Amber Group invest Rs.240-Cr to set up venture for train parts biz

Times of India  

Titagarh Rail Systems Ltd (TRSL) is forming a joint venture with the Delhi-based Amber Group to enter the railway component and subsystem business.Both TRSL and Amber Group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Ltd, will invest around INR 120 crore each for 50% each in the JV for setting up a new facility to manufacture critical railway components and subsystems used in railway and metro coaches and will also make fresh equity investments into Titagarh Firema SpA, Italy an associate of the Titagarh Group.