Titagarh Rail to Enter Wagon Leasing

Titagarh Rail Systems Ltd, a company that makes wagons for trains, wants to start a new business where they lease out wagons instead of just selling them.

This means other companies can use their wagons for a long time by paying rent, which is different from buying them outright.

The company thinks this is a good idea because many private companies prefer renting wagons rather than buying them.

They have the experience from working with Indian Railways and believe they can be successful in this new area.

They are also fixing problems with making wheels for wagons, so they can produce more.

The company has a lot of orders already, which will help them grow in this new business.