Under the pact, TRSL and Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Ltd, will invest up to Rs 120 crore each to acquire equal control in the SPV for setting up the new railway component business as well as fresh equity investment in Firema, Italy.
Titagarh Rail Systems inks deal with Amber group to enter railway component, subsystem biz on January 25, 2024 at 6:30 am
