Titagarh Rail plans to foray into wagon leasing business

Titagarh Rail Systems Ltd is planning to foray into the wagon leasing business, aiming to capture a larger share of the private sector market by offering long-term lease models, a top company official said on Tuesday.

The company has progressed in securing the licence for this strategic business venture and is evaluating how to structure it, he said.

It will be executed either through the company’s own balance sheet or through a special purpose vehicle (SPV).