Bharat Heavy Electricals Limited has bagged Rs9900mn contract for the manufacture and supply of 150 electric locomotives from Indian Railways.
The company is already executing an order for 50 numbers of similar rating locomotives for Indian Railways and the present order is in addition to the ongoing order. The company will manufacture and supply these locos at the rate of 50 per year from its Jhansi unit.
Significantly, these locomotives will have many firsts like ergonomically designed AC cabins for the comfort of drivers; tri-plate console for brake system resulting in compact and clean layout; state-of-the art cable management system with EPDM modules, etc.
In the area of transportation, BHEL is the leading supplier of traction equipment and electric locomotives to Indian Railways. The company is gearing up to meet the emerging demand in the transportation segment, which is expected to grow exponentially due to Indian Railways’ plans for capacity enhancements both in rolling stocks as well as Rail network
As part of this, BHEL is infusing new investments at its Jhansi plant to meet the requirement of Indian Railways for Electric Locos. The company has also geared up to supply 3 phase IGBT based propulsion electrics for locos and EMUs/DEMUs.
BHEL has been committed to the nation’s infrastructure development programme and has reaffirmed its commitment to the Indian infrastructure sector by equipping itself for the future, by way of technology, facilities and trained manpower. The company is one of the leading engineering and manufacturing organisations in the world, supplying products and systems to core sectors viz. power generation, transmission and distribution, transportation, defence and industries like metallurgical, petrochemicals, refineries, fertilisers, paper, cement, etc., besides oil exploration and production.
As a result of increased customer focus and renewed efforts for entry into new business areas, BHEL’s Industry Sector business segment recorded an all-time high order inflow of Rs.102,540 Million during the last fiscal (2008-09) – an increase of 30% over the previous year in Captive Power, Transportation, Power Transmission, Oil & Gas and other industrial segments.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.