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

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

ACB Securities: Building Scale, Trust & Innovation

ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more

War Risk Returns To Markets As VIX Surges

For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more