Lloyd Electric bags order worth $18 million from GE Transportation

19 Sep 2016

Lloyd Electric & Engineering has bagged order worth $18 million from GE Transportation to supply custom designed air-conditioning units for the Indian Railways Marhowra Locomotive project. The contract is to design, manufacture, test and supply air-conditioning units to be manufactured in Lloyd's factory in Bhiwadi, Rajasthan over a period of 11 years. Design of the equipment will be a collaborative effort within the Lloyd group of companies and led by Lloyd's recently acquired subsidiary Noske-Kaeser Rail & Vehicle New Zealand, based in Palmerston North, New Zealand.

This project is a significant win for Lloyd Electric & Engineering and builds on existing business between GE Transportation and Noske-Kaeser Rail & Vehicle New Zealand. The air-conditioning units to be manufactured by Lloyd are to provide driver comfort for 1000 diesel locomotives to be manufactured in a new plant being built by GE Transportation in Marhowa, Bihar. This project advances the 'Make in India' initiative and reinforces India's position as a global manufacturing destination.

Lloyd Electric & Engineering manufactures air conditioner, coils, radiators (heat exchanger) and light emitting diode (LED) televisions (TVs). The company's operating segments include Radiators & Heat Exchanger, OEM & Railways and Consumer Durable Product.

Related LEEL Electricals Ltd. Links:

LEEL Electricals Share Price

2.76 0.00 (0.00%) Mar 09, 18:01
1 Year Price Chart
Company Name CMP
Voltas 999.75
Blue Star 808.25
Amber Enterprises 2955.60
Johnson Controls 2232.30
Sharp India 26.50
View more..
Sensex vs LEEL Electricals
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323