Siemens, Rail Vikas Nigam Consortium Bags 2 Orders From Gujarat Metro Rail

Listen to This Article

A consortium of Siemens and Rail Vikas Nigam has bagged two separate orders from Gujarat Metro Rail Corporation.

"Siemens Ltd, as part of a consortium along with Rail Vikas Nigam Ltd, received two separate orders from Gujarat Metro Rail Corporation Ltd (GMRCL)," a BSE filing by Siemens stated.

"Siemens Limited's share as part of the consortium is Rs 678 crore," it added.

The orders are for Surat Metro Phase 1 (over 40 kilometres covering 38 stations and 2 depots) and Ahmedabad Metro Phase 2 (over 28 kilometres covering 23 stations and 1 depot).

Siemens will provide project management, and rail electrification technologies, including advanced power supply and distribution systems.

In addition, Siemens will also be providing advanced digital solutions, such as Supervisory Control and Data Acquisition (SCADA) solutions for both metros.

Gunjan Vakharia, Head of Mobility Business, Siemens Ltd, said, "We would like to thank GMRCL for trusting Siemens in their journey of creating a safer, greener and smarter transport solution for sustainable cities".

Siemens is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more