Deals23 Jul 2024, 10:56 pm
Titagarh Rail Systems Begins Export of Traction Converters to Italy
AI Summary
Titagarh Rail Systems Limited (TRSL) has commenced the export of traction converters to Titagarh Firema S.p.A (Titagarh Firema), Italy. The export is part of a EUR 7.18 million (INR 65 Crore Approx.) order and marks the first rollout of traction converters from Passenger Rolling Stock Facility of Titagarh, India. TRSL plans to ship two train sets, or eight converters, each month to complete the order. The Titagarh India Passenger Rolling Stock Facility currently has a manufacturing capacity of 25 converters per month, which it plans to increase to 50 converters per month.
Key Highlights
- Titagarh Rail Systems has begun exporting traction converters to Italy.
- The export is part of a EUR 7.18 million order from Titagarh Firema.
- This marks the first rollout of traction converters from Titagarh's Passenger Rolling Stock Facility in India.
- TRSL plans to ship two train sets, or eight converters, each month to complete the order.
- The Titagarh India Passenger Rolling Stock Facility has a manufacturing capacity of 25 converters per month, set to increase to 50 converters per month.