The company has followed the global strategy of its parent, the Swedish-Swiss engineering multinational ABB, to move away from projects business to products. This has augured well for cash flows and revenue despite COVID-related disruptions, says Sanjeev Sharma, country head and MD, ABB India Ltd.
"TWL and ABB India will work together to design, develop and manufacture state of the art three-phase IGBT based propulsion systems for EMU/MEMU coaches which would be manufactured in Titagarh's plant at Uttarpara, Kolkata with certain components being supplied by ABB."
The generators for wind turbines are manufactured in a factory in Gujarat's Vadodara city, which is the fourth such facility in the group.
At a panel moderated by CNBC-TV18 Shereen Bhan, Bharat Forge MD was joined by Amitabh Kant, Sanjeev Sharma and Johan C Aurik. They spoke on manufacturing and Make in India strategies of India.