Capital goods major Siemens on Monday said it had signed a Rs 26,000-crore contract to manufacture 1,200 electric freight locomotives for the Indian Railways.
The contract is the single biggest order for Siemens, the company said in a disclosure to the stock exchanges, and will be used for freight transport. The locomotives are specified to haul loads of 4,500 tons at a maximum speed of 120 km an hour, the company said.
“The 9000 horse power (HP) electric locomotive is a significant milestone in the rail electrification mission of Indian Railways. We will build these in India using the technology provided by Siemens Mobility,” Sunil Mathur, managing director and chief executive officer, Siemens, said.
