CG Power & Industrial Solutions has bagged an order of Rs 111 crore from Indian Railways for Drive Propulsion System of Electric Loco at Chittaranjan Locomotive Works. CG’s Drive Propulsion System comprises of IGBT based Traction converter, Auxiliary converter, TCN based Vehicle control unit and Driver Display Unit which helps to run trains efficiently at a higher speed with reduced energy consumption.
The order is significant to Indian Railways capacity enhancement plans and meets the demand for electric loco products with an emphasis on propulsion system. This opens up huge opportunities for CG especially in electric locomotives.
Avantha Group Company CG Power and Industrial Solutions (Formerly Crompton Greaves Limited) is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG’s offerings include electrical products, systems and services for utilities, power generation and industries.
Your portfolio may have substantial downside risks!
Review your portfolio with MoneyWorks4me and get it future ready. Let us not miss our hard earned gains. Book your Free demo to discuss with our Experts.