Titagarh Wagons Limited, a flagship company of the Titagarh Group, has reiterated its commitment towards the government’s vision of ‘Make in India’, by successfully launching the first of the four vessels being built for Indian Navy and Ministry of Earth Sciences respectively. On May 9, 2017, Titagarh had successfully started the construction of two 1000T fuel barges for Indian Navy and two Coastal Research Vessels for National Institute of Ocean Technology (under Ministry of Earth Sciences, Govt. of India) at their Titagarh Shipyard at B.T. Road near Kolkata. The newly launched ship Fuel Barge 14 which has been specially designed for carrying fuel mid-sea to Indian Navy’s flagship aircraft carrier INS Vikramaditya, will depart from Mumbai Dockyard of Indian Navy for delivery, soon after various trials including machinery trials and speed trials.
Jagdish Prasad Chowdhary, Chairman, Titagarh Wagons Limited, stated, “We are proud as a private manufacturer today that with broadening of horizons in our businesses we could launch our first ship for the Indian Navy before time and feel privileged to be a significant part of the Make in India campaign. I firmly believe that this milestone will complement our growth strategy in years to come.” Umesh Chowdhary, Vice Chairman & Managing Director, Titagarh Wagons Limited, said, “We are a key player in the railways, urban transport and defence sectors. From a premier Company in wagon manufacturing, we have transformed into a diversified multinational making coaches for local trains, metro coaches as well as passenger trains and shipbuilding apart from special projects for India’s defence establishment.”
Titagarh Wagons has already obtained new orders from Government of West Bengal for building small boats and has participated in various tenders where the results should come out in next six-eight months. These orders are likely to be from Indian Navy, Indian Coast Guard, Inland Waterways Authority of India, and Shipping Corporation of India. These four ships were the first tenders won by Titagarh Wagons post the Company’s foray into ship building business vertical in the beginning of 2017. Titagarh Wagons are drawing up the layouts and planning the facilities of the next phase of ship building at Kulpi. As globally, the shipbuilding market is awaiting revival, the company’s investment would depend on the macro economic conditions.