Titagarh Rail Systems (TRSL) of Kolkata and Amber group of Delhi have collaborated to enter the railway component and subsystem business by forming a joint special purpose vehicle (SPV).

Economy Business

Titagarh Rail Systems (TRSL) of Kolkata and Amber group of Delhi have collaborated to enter the railway component and subsystem business by forming a joint special purpose vehicle (SPV). Both TRSL and Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Limited, will invest approx Rs 120 crores each to obtain around 50% each in the SPV. These investments will be used to set up the new railway component business as well as a fresh equity investment in Italy’s Firema, to expand their business into the European markets.


      Under the collaboration, a rail vehicle manufacturing facility will be set up in India to manufacture critical railway components & subsystems used in the manufacture of Railway & Metro coaches and will also make fresh equity investments into Titagarh Firema SpA, Italy.

     

     

 

     


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