155 Siemens India is set to sign an agreement with the Indian Railways to manufacture and maintain 1,200 electric freight locomotives with a horsepower of 9,000 each. The contract, worth approximately INR 26,000 crore (around 3.2 billion USD), will be carried out at the Dahod, Gujarat factory over a period of 11 years and includes maintenance of the locomotives for 35 years. The contract excludes taxes and price variation. As part of the agreement, Siemens will manufacture prototype locomotives in Dahod over the next two years, with the unit being entirely constructed for manufacturing purposes during that time. The locomotives will then be maintained at four maintenance depots – Visakhapatnam, Raipur, Kharagpur, and Pune – for 35 years, with the railways’ manpower being utilized for this purpose. You Might Be Interested In Regional payment connectivity expansion to include the State Bank of Vietnam Uganda Vows to Foster Productive Relations with IGAD Gurman Says Apple’s Adoption Of USB-C In iPhone 15 Comes With Some Costs, Flags One Headache That ‘Seems Unavoidable’ – Apple Wipro Q3 Results: Net profit rises 2.8% to Rs 3,053 crore, beats estimates Principal Financial Group Achieves Sustainability Goals, Reports Progress McDonald’s Teams Up with Google for AI-Powered Food Service
