India's Amber Enterprises, Titagarh up on partnership to enter train component business

Titagarh Rail Systems

25/01/2024 07:19

** Shares of Amber Enterprises India  AMBE.NS  and Titagarh
Rail Systems  TITG.NS  up 2.3% and 1.5%, respectively
    ** Consumer durables maker Amber says Amber group and
railway wagon maker Titagarh partner to enter train components
and subsystems business in India and Italy
    ** Both parties to invest upto 1.2 billion rupees each
    ** AMBE shares climbed 66% in 2023, while TITG rose 367%
during the same period


 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))