Titagarh Wagons has commenced the construction of two 1,000T Fuel Barges for the Indian Navy and two coastal Research Vessels for National Institute of Ocean Technology (NIOT).
The flagship company of the Titagarh group informed BSE and NSE that it has signed the contract from NIOT, under the Ministry of Earth Sciences (MES), for design, construction and delivery of two high end coastal research vessels valued at Rs 100 crore.
In March, the company reported that it has signed the contract with Directorate of Ship Production, under the Ministry of Defence (Navy), for undertaking design, construction and delivery of two fuel barges for the Indian Navy worth Rs 75 Crore.
A report in Business Standard said the ceremonial event was graced by chief Guest Madhavan Nair Rajeevan, Secretary of MES, Chairman of ESSO, Chairman of Earth Commission, Jagdish Prasad Roy Chowdhury, founder and executive Chairman of Titagarh Wagons.
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