CG Power and Industrial Solutions has bagged a large order from the Indian Railways valued at Rs 3.19 billion to supply Under Slung Electrics for Diesel Electric Tower Car (DETC). Large quantities of DETCs are required for massive track electrification drive taken up by Indian Railways across the country. More than 1000 DETCs shall be required for electrification and thereafter for inspection and maintenance in the coming years.
This came on the back of certain successful executions of earlier Railway orders by CG where it worked with multiple partners to erect and commission various projects at Railway production units and Railway sheds.
Scope of supply of each Diesel-electric propulsion system consist of integrated under slung power pack comprising of diesel engine and alternator, power rectifiers, traction motors with both side suspension arrangement with accessories, controlling devices with digital control signals. The scope of supply also includes installation and testing of the complete propulsion system at ICF Chennai and commissioning of systems on DETCs all across India.
CGPISL is the first to design, develop, integrate, receive approval and commission state-of-the-art propulsion system for Diesel Electric Tower Car with Underslung Electrics working in close coordination with ICF Chennai.
Avantha Group Company, CG's CEO & Managing Director, K. N. Neelkant said, ''CG has been a long serving partner of Indian Railways. With the Indian Railways making bold moves towards electrification, this partnership has become even more critical and value-accretive. With its commitment to state-of-the-art technology and innovation, CG has been able to provide customized solutions to the Indian Railways which has enabled it to make more significant contributions. We are confident that in days to come, this relationship will form an essential part of the Indian Railways modernization.''
Shares of the company gained Rs 1.55, or 2.79%, to trade at Rs 57.10. The total volume of shares traded was 150,473 at the BSE (10.25 a.m., Wednesday).
