TWL looking for land for shipping unit
July 28th, 2011 - 1:55 am ICT by IANSKolkata, July 28 (IANS) Kolkata-based Titagarh Wagons Limited (TWL), a heavy engineering and infrastructure company, is looking for around 400 acres of land near Kulpi in West Bengal’s South 24 Parganas district to foray into shipping industry, a top executive of the company said Wednesday.
“We are exploring the possibility. Once the nitty-gritties are worked out, we can come out with more details. We have identified some area and are also in the process of acquiring some land near Kulpi,” said TWL executive chairman J.P. Chowdhary on the sidelines of the 14th AGM here.
The company has around 60 acres of land near Kakinara.
“Units in Kulpi and Kankinara will be under an integrated project. Once we decide on the shipyard, we will start work on the Kakinara facility. A small portion of land has been acquired near Kulpi. The detailed study on the Kulpi project is under progress,” Umesh Chowdhary, vice-chairman and MD, TWL, said.
For the Kakinara unit, the company is looking for a partner and a number of companies are interested.
TWL’s acquisition in France, with a manufacturing capacity of 5,000 wagons per annum, has started its production. Titagarh Wagon AFR, the French unit, has a confirmed order book of 30 million euros with an option of another 15 million euros.
The company is also close to bag orders worth another 30 million Euro.
“Within three months, we have turned around. French railways and old customers have reposed faith. New ones are adding up,” the managing director said.
- Titagarh Wagons in talks with Japanese bridge maker - Aug 27, 2010
- West Bengal's industry welcomes railway budget - Feb 25, 2011
- Bengal to vest 270 acres from JSW Steel - Aug 10, 2011
- SAIL expansion project stuck over religious row - Nov 15, 2011
- West Bengal wagon makers rejoice over rail budget - Jul 03, 2009
- DP World may pull out of Kulpi project in Bengal - May 19, 2010
- Ruia Group may acquire European auto-component company - Jul 15, 2010
- Tea firms line up tea tourism projects in Darjeeling hills - Aug 23, 2012
- Uniross could break even in two year: Eveready - Sep 23, 2011
- Videocon mulls relocating Bengal power, steel projects - Oct 09, 2011
- Wagon-makers riding high on expectation from Railway Budget - Feb 24, 2010
- GIL seeks land to set up captive thermal plant - Jul 25, 2011
- NTPC committed to go ahead with Bengal project - Jul 18, 2011
- Texmaco's coach unit to be commissioned this fiscal - Aug 30, 2012
- Master plan of Kerala Technocity ready - Aug 17, 2012
Tags: 30 million, agm, annum, chowdhary, executive chairman, foray, french railways, french unit, heavy engineering, infrastructure company, integrated project, s south, shipping industry, shipyard, sidelines, small portion, top executive, twl, vice chairman, west bengal