Commenting on the good performance, JP Chowdhary, Executive Chairman, Titagarh Wagons told CNBC-TV18, that revenues improved on account of orders from railways and private sector companies. The company‘s received orders worth Rs 100 crore from Indian Navy for vessels, he said.
JP Chowdhary CEO, CIMMCO believes with easing of the policy and changing the terminology from ‘state-of-art‘ to ‘modern technologies‘, is likely to pave way for the already interested investors to come in.
Titagarh Wagons had a fire last quarter and there production suffered. In an interview to CNBC-TV18, JP Chowdhary, Chairman of Titagarh Wagons informed that the fire was a temporary aberration and it did not affect them in a major way.
In an interview with CNBC-TV18, JP Chowdhary, chairman of Titagarh Wagons said, the traffic growth has been very good, in fact it is little better than expectations. He expects good orders from Indian Railways and private sector as well. Cimmco, he says, has been doing well and is likely to boost the company’s performance this year.