CG Power Bags Rs 3,190 Mn Order from Indian Railways | CORPORATE ETHOS

CG Power Bags Rs 3,190 Mn Order from Indian Railways

By: | June 6, 2018
CG Power and Industrial Solutions

Jun 6: Avantha Group Company CG Power and Industrial Solutions Ltd (CGPISL) on Tuesday said that it has bagged a large order from the Indian Railways valued at Rs 3,190 million to supply Under Slung Electrics for Diesel Electric Tower Car (DETC).

According to the company, large quantities of DETCs are required for massive track electrification drive taken up by Indian Railways across the country. More than 1000 DETCs would be required for electrification and thereafter for inspection and maintenance in the coming years.

“This came on the back of certain successful executions of earlier Railway orders by CG where it worked with multiple partners to erect and commission various projects at Railway production units and Railway sheds,” it said.

Scope of supply of each Diesel-electric propulsion system consists of integrated under slung power pack comprising of diesel engine and alternator, power rectifiers, traction motors with both side suspension arrangement with accessories, controlling devices with digital control signals. The scope of supply also includes installation and testing of the complete propulsion system at ICF Chennai and commissioning of systems on DETCs all across India, the company added.

Commenting on order win, Avantha Group Company, CG’s CEO & Managing Director, K N Neelkant said, “CG has been a long serving partner of Indian Railways. With the Indian Railways making bold moves towards electrification, this partnership has become even more critical and value-accretive. With its commitment to state-of-the-art technology and innovation, CG has been able to provide customized solutions to the Indian Railways which has enabled it to make more significant contributions. We are confident that in days to come, this relationship will form an essential part of the Indian Railways modernization.”

CG Power shares were trading at Rs 57.20, up 2.97% from the previous closing of Rs 55.55, on BSE at 11.52 am today.