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Titagarh, foray into Ship building
Titagarh was recently in news for delivering automatic Bangalore metro train. This was really exciting as it projected what company was capable of. Then there is news about exports to Italy. But as of this morning, there is a new piece of information, which says, it has set out to challenge state run ship building companies by entering the ship building field. There is also news about another vertical dealing with Signaling. These are tremendous diversification related news. It is as if the company saying, life is too short. Let's do it fast. The only other company that is out pacing Titagarh seems to be Samvardhana Motherson, which is buying a lot companies and JVs world wide, with news every other day. But Titagarh news was totally unexpected. How do you think it would alter the perception on the street? What do you think? Link to original news article: https://www.indiainfoline.com/news/business/titagarh-expands-beyond-railways-into-shipbuilding-and-safety-systems Edit: As I research more, find it has already delivered many vessels. They also have orders for Surat and Pune metro, in addition to record numbers of train orders from railways. Here is a link to their website where they display pictures of these vessels. https://www.titagarh.in/service/shipbuilding/shipbuilding4
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