Titagarh Wagons, the flagship company of the Titagarh Group, has started the construction of two 1000T Fuel Barges for Indian Navy and two Coastal Research Vessels for National Institute of Ocean Technology (NIOT) at their Titagarh Shipyard.

According to a release issued by the company, the ceremonial event of cutting the first steel plate for these four vessels took place today.

“By entrusting the construction of these four highly complex and technologically advanced vessels with us, the Indian Navy and NIOT have reposed great faith and trust in Titagarh,” Jagdish Prasad Chowdhary, Founder and Executive Chairman, Titagarh Wagons, said.

These four ships are the first tenders won by Titagarh Wagons post the company’s foray into ship building business earlier this year, it said in a press release.

In February, the company reported at BSE and NSE that it has signed with the NIOT under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two high end coastal research vessels valued at Rs 100 crore.

A month later (in March), the company reported that it has signed the contract with Ministry of Defence (Navy), Directorate of Ship Production for undertaking design, construction and delivery of two fuel barges for the Indian Navy worth Rs 75 crore which will support the famed INS Vikramaditya, Indian Navy’s flagship aircraft carrier.