Titagarh Wagons Limited (BSE: 532966|NSE: TWL), a flagship company of the Titagarh Group, has successfully launched Sagar Tara, the first of the Coastal Research Vessels being built for National Institute of Ocean Technology, Ministry of Earth Sciences, Govt. of India. This vessel was launched three months ahead of schedule despite being a very complex platform which will enable scientists to conduct various oceanographic research missions aboard her. ‘Sagar Tara’ will house state of the art laboratories equipped with modern scientific instruments. The vessel features a Drop Keel which is designed and manufactured for the first time in the country. The vessel is equipped with auto pilot and is DP1 capable.
In February 2017, Titagarh had signed a contract from National Institute of Ocean Technology 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.
Dr. Harsh Vardhan, Union Minister for Ministry of Science & Technology, Ministry of Earth Sciences and Ministry Environment, Forest & Climate Change, Government of India commented, “This is by far one of the most remarkable developments in the history of India’s coastal research. Even more, when India’s private sector participation in partnering the Government is seen at an optimal high boosting the vision of ‘Make in India’. I congratulate each and every partner those who are associated with this project.”
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