ABB bags Rs 270 crore train technologies order by Indian Railways
ABB has bagged its largest traction equipment order in Varanasi. The order is of more than Rs 270 crore meant for supplying state-of-the-art converters for electric locomotives from Diesel Locomotive Works (DLW).
ABB has bagged its largest traction equipment order in Varanasi. The order is of more than Rs 270 crore meant for supplying state-of-the-art converters for electric locomotives from Diesel Locomotive Works (DLW). The converters are custom designed for Indian Railways and will be manufactured at one of the ABB’s largest factories for locomotive applications in Nelamangala, near Bengaluru.
In a bid to bring more reliable trains to passengers while increasing sustainable transport use by moving from diesel trains to electric, ABB's traction solution is based on the latest technology. This helps rail operators to achieve significant operational improvements.
“We are delighted to be contributing to the electrification of India’s rail network with ABB’s locally manufactured solutions,” said ABB CEO Ulrich Spiesshofer. “By adopting advanced technologies, India is achieving rapid improvements in growth and productivity and shaping its economy for the era of digitalization.”
“We are privileged to work with DLW and Indian Railways on the electrification of the domestic rail network in India – the fourth largest rail network in the world,” said Sanjeev Sharma, Managing Director, ABB India. “This order will help to improve rail efficiency, so that passengers travelling in India will reach their destination on time and in comfort.”
At present, ABB traction equipment drives more than 250 electric locomotives operated by Indian Railways for both passenger and freight services. In India, more than 20 percent of three-phase electric locomotives are equipped with traction converters from ABB. Last year, the Indian government approved plans to fully electrify the Indian Railways by 2022.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.