MNC awards huge order to T D Power Systems
DSIJ Intelligence / 26 Jul 2017
T D Power Systems Limited (TDPS) has received an order for manufacture and supply of certain components of traction motors used in electric locomotives to be supplied to Indian Railways.
T D Power Systems Limited (TDPS) has received an order for manufacture and supply of certain components of traction motors used in electric locomotives to be supplied to Indian Railways.
Valued at Rs 750 crore, the order was received from a large European multinational company (MNC) in India.
The MNC will also provide the required technology for manufacture of the product under license via its affiliate company. This order is to be supplied over 10 years beginning from 2018. The order affirms TDPS’ position as a growing market player in the traction equipment business.
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