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Titagarh Wagons in talks with Italy for support to European ops

As of now, we expect the Italian operation will be EBITDA positive in 2022-23 and the next year, we will be net positive, Titagarh Group vice-chairman and managing director Umesh Chowdhary told PTI in an interview.He said the company is negotiating with the Italian government for some financial and strategic support to grow at a rapid pace.Titagarh Wagons was awarded an order for the design, manufacture and supply of 102 coaches for Pune Metro in 2019 and is executing the project.

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