ABB has won its largest traction equipment order in India, worth more than Rs 2.70 billion 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.

''We are delighted to be contributing to the electrification of India's rail network with ABB's locally manufactured solutions,'' said ABB CEO Ulrich Spiesshofer. ''By adopting advanced technologies, India is achieving rapid improvements in growth and productivity and shaping its economy for the era of digitalization.''

''We are privileged to work with DLW and Indian Railways on the electrification of the domestic rail network in India - the fourth largest rail network in the world,'' said Sanjeev Sharma, Managing Director, ABB India. ''This order will help to improve rail efficiency, so that passengers travelling in India will reach their destination on time and in comfort.''

Shares of the company gained Rs 9.65, or 0.78%, to trade at Rs 1,240.00. The total volume of shares traded was 0 at the BSE (9.02 a.m., Wednesday).