Business Standard

Thursday, December 19, 2024 | 10:37 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Siemens signs Rs 26,000-crore locomotive order with Indian Railways

The contract is the single biggest order for Siemens, the company said in a disclosure to the stock exchanges, and will be used for freight transport

The logo of German industrial group Siemens is seen in Zurich, Switzerland
Premium

Viveat Susan Pinto Mumbai
Capital goods major Siemens on Monday said it had signed a Rs 26,000-crore contract to manufacture 1,200 electric freight locomotives for the Indian Railways.

The contract is the single biggest order for Siemens, the company said in a disclosure to the stock exchanges, and will be used for freight transport. The locomotives are specified to haul loads of 4,500 tons at a maximum speed of 120 km an hour, the company said.

"The 9000 horse power (HP) electric locomotive is a significant milestone in the rail electrification mission of Indian Railways. We will build these in India using the technology

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in