Titagarh Wagons flags off first aluminium metro train for Pune Metro; Stock hits fresh high

On Sensex, Titagarh closed at Rs92.20 per piece up by 15.97%.

Aug 02, 2021 05:08 IST India Infoline News Service

Titagarh Wagons rallies
Titagarh Wagons Limited (Titagarh) flags off its first train manufactured for Pune Metro (Maharashtra Metro Cooperation).

The flagging off of the event was conducted by H E the Ambassador of India to Italy -Dr. Neena Malhotra, H E Ambassador of Italy to India Vincenzo de Luca and the Managing Director of Maharashtra Metro Cooperation - Dr Brijesh Dixit in the virtual presence of several other dignitaries from India and Italy.

Umesh Chowdhary, Vice Chairman & Managing Director of Titagarh said “We began our journey to manufacture passenger trains (EMU) in India in 2007 with a dream to design and manufacture modern passenger trains for the Indian Metro System. With this first train being constructed by us for Maha Metro, it is a moment of great pride and satisfaction for Titagarh and a dream come true for me personally.”

H E Ambassador of India to Italy, Dr Neena Malhotra while complimenting Titagarh said that India has a huge demand for new modern rolling stock and metro coaches and encouraged Titagarh to explore more such opportunities such as Pune Metro in order to participate in the nation building process.  Francesco Varriale who spoke on behalf of the Italian Ambassador, stated that Titagarh was a flag bearer of the Indo Italian cooperation and applauded the efforts of Titagarh Wagons Limited and Titagarh Firema S.p.A for their joint cooperation.

Notably, Titagarh Wagons along with its subsidiary Titagarh Firema S.p.A_ signed the first contract for design, manufacture and supply of 34 trains of 3 coaches each to Maha Metro on 12" September 2019. Under this contract, the first 3 trains are to be built in Titagarh’s plant in Caserta, Italy and the balance 31 trains will be manufactured in Titagarh’s plant in India.

Also, in another event, Dy. Chief Minister of Maharashtra, Sri Ajit Pawar inaugurated the mock-up of the Pune Metro coach in presence of other local dignitaries.

These ultra-modern metro coaches combine the highest safety standards with modern Italian styling and are not only light weight, resulting in low carbon emission and fuel efficiency but also offer the most modern safety and convenience features in the trains.

Titagarh Firema S.p.A has been a leading designer and manufacturer of rolling stock in Europe with decades of experience as one of the largest, most modern manufacturing facilities in Europe.

On Sensex, Titagarh closed at Rs92.20 per piece up by 15.97%. The stock was near its fresh record high of Rs93.40 per piece that was recorded earlier today. 

Related Story

Open Free Demat Account (Rs699)