Titagarh Wagons signs agreement with GIPL for 10 wagon rakes

Titagarh Wagons has signed an agreement with GATX India Private Limited (GIPL), a subsidiary of GATX Corporation for the supply of 10 rakes of BLC wagons to the latter under the wagon leasing scheme introduced by Indian Railways.

According to a statement issued by the Titagarh Wagons, GIPL plans to purchase wagons and lease them out to various customers in private and public sector.

Commenting on this development, Managing Director and Country Head of GIPL, Saurabh Sood, said “We have large plans for India and we have chosen to enter the market with this wagon purchase from Titagarh. GIPL looks forward to working with Titagarh to develop new designs for the Indian rail market.”“We are indeed honoured to have been chosen as a wagon supplier by GIPL. GATX is one of the world’s largest lessors of wagons and we are sure that they would have significant presence in India as well,” said Umesh Chowdhary, Vice Chairman & Managing Director of Titagarh Wagons.