Financial Daily from THE HINDU group of publications
Tuesday, May 10, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 10, 2005 |
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Corporate
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Announcements Logistics - Railways Siemens consortium bags Rs 925 cr deal from Mumbai Rail Our Bureau
New Delhi , May 9 SIEMENS AG and Siemens Ltd India Transportation Systems consortium has received a contract worth Rs 925 crore from the Mumbai Railway Vikas Corporation (MRVC) for providing the propulsion system and electrical equipment for EMU rolling stock, which would be built at the Integral Coach Factory, Chennai. The EMUs will be in operation on both of Mumbai's suburban arterial networks, the Central and Western Railway. After a competitive bid, the Siemens consortium was notified of the award of contract to be executed over a period of 48 months, informed a company release. The scope involves design, development, manufacture, supply, testing and commission of the IGBT-based (Insulated Gate Bipolar Transistor) three-phase propulsion system and equipment, with microprocessor-based controls. These systems will be suitable for operation in dual voltages, i.e., both the 1,500 V direct current (DC) system, which is currently in use, and the 25 kV AC system, which replaces it in the future. The systems will be adapted to suit the local climatic conditions and will have a high level of local value-added content. Mr Schubert, Managing Director, Siemens Ltd, said, "This World Bank aided investment by the Mumbai Rail Vikas Corporation is therefore a very important step towards upgrading the services, which will directly benefit millions of passengers. The supply of modern equipment will help ease the congestion, increase capacity and enhance comfort for passengers." He added, "We are augmenting capacities at our Kalwa and Nashik factories where the state-of-the-art equipment for this order will be manufactured. This enhancement will create additional employment opportunities, having a long-term impact." The Transportation Systems Division of Siemens Ltd is a complete provider of products, systems and services for the Railways, added the release. The Division's portfolio includes solutions for rail automation, railway electrification, light and heavy rail, locomotives, trains, turnkey projects and integrated services. Siemens Ltd is the flagship of the Siemens Group in India.
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