SECTOR
Titagarh Rail Systems’ associate transfers business unit to Fabbrica Italiana Treni S.p.A
Mar-06-2026

Titagarh Rail Systems’ associate -- Titagarh Firema SpA, Italy (Firema) has completed the transfer of its business unit to Fabbrica Italiana Treni S.p.A (owned by government of Italy) (Ferroviere Della Stato - State Railways) for a net consideration of 66,095,000 euros. 

The consideration received by Firema has been utilized for payment to secured and unsecured creditors of Firema under the CNC process under the Court of Naples. The residual assets of Firema post the above transfer will be dealt with as may be deemed appropriate by its Board. As of date there is no change in the shareholding of the residual Firema.

Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.

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