Financial Daily from THE HINDU group of publications
Tuesday, Dec 30, 2003
Financial Daily from THE HINDU group of publications Tuesday, Dec 30, 2003 |
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Corporate
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Announcements Siemens bags Rs 483-cr order from Railways Our Bureau
Mumbai , Dec. 29 SIEMENS Ltd has bagged a Rs 483-crore order from the Ministry of Railways for the supply of complete electrical systems for Mumbai's suburban trains. This is the single biggest order bagged by the company in recent times. The company's Transportation Systems Division will carry out the order. The electrical equipment includes the traction package for Mumbai suburban trains. "This comes in the wake of the Railways' drive to upgrade its train services and ease the congestion on Mumbai's suburban rail network thereby provide greater relief to commuters,'' Siemens said in a news release. After a competitive bidding process that involved four parties, Siemens Ltd won the order to be executed over a period of 36 months. The system will be supplied to Integral Coach Factory (ICF), Chennai, which will build the complete trains for operation on both of Mumbai's suburban arterial networks, the Central and Western Railway. This order involves development, engineering, manufacturing, supply and supervision of erection and commissioning of complete energy-saving electrical system on trains. It involves supply of pantograph, current transformers, potential transformers, vacuum circuit breakers, traction transformers, traction converters, motors, microprocessor-based controls and other auxiliary equipment including passenger information systems. "The system supplied will be suitable for operation on dual voltages - both the 1,500 V direct current system, which is currently in use and the 25,000 V 50-cycles system, which will replace the existing system. "Built on proprietary know-how and designs of field-proven technology of Siemens AG, these systems will be adapted to suit local environmental and climatic conditions and will have a high level of local value-added content, to be largely procured or locally manufactured,'' the release said. "This order is a strategic breakthrough for our transportation business in India, especially the traction segment which is a focus area,'' the release said quoting Mr J. Schubert, Managing Director, Siemens Ltd. This order is expected to boost the revenues of Siemens Ltd and also benefit the ancillary industry, the release said.
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