December 02, 2008

Indian Railways to buy 20,000 wagons from Titagarh in 2009

Mr Umesh Chaudhry MD of Titagrah Wagons Limited recently said that Indian Railways would be buying 20,000 wagons from Titagarh Wagons in 2008-09 fiscal.

Mr Chaudhry, in an exclusive interview with CNBC-TV18, said that "The order book is looking very healthy. The railways had announced that they would be buying 20,000 wagons in 2008-009 fiscal, which is against about 12,000 to 13,000 in 2007-08, so there is a very healthy order book that is picking up or is likely to pick up from the railways and we expect to be able to carry the momentum."

Mr Chaudhry added that "Wagons continue to remain our main core business and it did contribute to 80% of our revenues, but going forward we believe that all the other divisions like the passenger coaches and special projects will also contribute towards the company’s growth ahead."