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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 Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.