Joint Venture25 Jan 2024, 12:59 pm
Amber Enterprises India Ltd and Titagarh Rail Systems Limited form strategic alliance to enter train components and subsystems business
AI Summary
The two companies will jointly invest in a new venture to manufacture critical railway components and subsystems in India, with the goal of expanding their business into the European markets. The strategic partnership will also facilitate Sidwal's entry into the European market and give it preferred access to Firema's order book.,
Key Highlights
- joint venture to manufacture railway components and subsystems
- expansion into European markets
- preferred access to Firema's order book
- investment of INR 120 crores each by Amber and TRSL
- new facility in India to manufacture critical components and subsystems