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Siemens wins Rs 26000 cr order from Indian Railways

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Capital Market
Last Updated : Jan 16 2023 | 7:04 PM IST

For supply of 1200 locomotives of 9000 HP

Siemens has received an order for 1,200 locomotives of 9000 horsepower (HP) from Indian Railways, marking the single largest locomotive order in the history of Siemens Mobility and single largest order in the history of Siemens in India.

Siemens will design, manufacture, commission and test the locomotives. Deliveries are planned over an eleven-year period, and the contract includes 35 years of full service maintenance.

The locomotives will be assembled in the Indian Railways factory in Dahod, Gujarat. Maintenance will be performed in four Indian Railways depots located in Vishakhapatnam, Raipur, Kharagpur and Pune. Locomotive assembly and maintenance will be implemented together with the staff of Indian Railways.

The contract has a total value of Rs. 26,000 crore (approximately), excluding taxes and price variation.

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First Published: Jan 16 2023 | 6:43 PM IST

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