MoneyWorks4Me

ABB India has won its largest traction equipment order in India, worth more than Rs 270 crore to supply state-of-the-art converters for electric locomotives from Diesel Locomotive Works (DLW), in Varanasi.

The converters are custom designed for Indian Railways and will be manufactured at one of ABB’s largest factories for locomotive applications in Nelamangala, near Bengaluru, in Southern India.

ABB’s traction solution is based on the latest technology to bring more reliable trains to passengers, while increasing sustainable transport use by moving from diesel trains to electric. This helps rail operators to achieve significant operational improvements.

ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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