"We are the first major private shipyard in Bengal with our two orders of four ships. We will continue to focus on defence and specialised ships," TWL managing director Umesh Chowdhary said.
Bengal has Garden Reach Shipbuilders & Engineers Ltd under the defence ministry and is engaged into building warships and vessels for defence requirements.
Chowdhary said that the company was working towards ramp up capacity for construction of 12 ships simultaneously to make the facility at Titagarh a dedicated shipyard.
TWL was planning to develop a shipbuilding facility at Kulpi in West Bengal's South 24 Parganas district in addition to its Titagarh shipyard on a land parcel of 50 acres in the second phase of the project, he said.
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The company has signed a contract with National Institute of Ocean Technology under Ministry of Earth Sciences for design, construction and delivery of two high end coastal research vessels valued at Rs 100 crore.
The ships will be delivered in the maximum time-frame of 27 months.
TWL forayed into shipbuilding through acquisition of city based Corporated Shipyard having required licenses and technical capability for the venture.