Deals11 Mar 2025, 08:41 pm
CG Power Secures Rs. 400-450 Crore Order for Railway Products Supply and Servicing
AI Summary
CG Power and Industrial Solutions Ltd, an engineering conglomerate and a leader in the Electrical Engineering Industry, has entered into a long-term supply agreement with M/s Kinet Railway Solutions Limited. The agreement includes a purchase order ranging between Rs. 400 crores to Rs. 450 crores for the supply of railway products for 10 Vande Bharat trainsets. Additionally, a 35-year service order is also part of the agreement. CG has a strong foothold in the Railway Industry, offering a comprehensive portfolio that includes Traction Machines & Systems, Rail Transportation Traction Electronics, and Railway Signalling Products. The Company also recently forayed into the Train Collision Avoidance System (TCAS) or KAVACH domain.
Key Highlights
- CG Power has secured a purchase order ranging between Rs. 400 crores to Rs. 450 crores for the supply of railway products for 10 Vande Bharat trainsets.
- The agreement includes a 35-year service order in addition to the purchase order.
- CG Power has a strong presence in the Railway Industry with a comprehensive portfolio of products and services.
- CG Power has recently forayed into the Train Collision Avoidance System (TCAS) or KAVACH domain.
- The agreement is with M/s Kinet Railway Solutions Limited.