Electrification and automation major ABB India on Monday (November 20) said it has formed a strategic partnership with Titagarh Rail Systems to supply propulsion systems for metro rolling stock projects in India.
The partnership, aligned with the Indian government's 'Make in India' and 'Atmanirbhar Bharat' initiatives, has already seen early success by winning orders to design and supply equipment for metro coaches for Gujarat.
The strategic partnership brings the two companies together to build on their potential and synergy to become an established player in the Indian market and expand their market base to other projects and countries.
The partnership covers an agreement for Titagarh to purchase ABB propulsion systems, including traction converters, auxiliary converters, traction motors, and TCMS software.
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It also includes securing the manufacturing rights and production licence for traction motors along with the complete transfer of technology of the GoA 4 (driverless metro) TCMS software from ABB to Titagarh.
Edgar Keller, President, Traction Business of ABB, said, this strategic partnership with Titagarh provides a strong foundation to enter and expand the company's footprint in this key market, while also supporting the efforts to make rail transportation in India sustainable through its energy-efficient technology, fully produced in India.
Umesh Chowdhary, Vice Chairman and Managing Director of Titagarh, said the company has already set up manufacturing facilities for some of the items for the propulsion chain and is in the process of making it a holistic solution.
Titagarh specialises in the design, manufacture, supply, commissioning, and servicing of various passenger rolling stock and metro coaches for Indian and international markets.
ABB is a world leader in the field of the design, manufacture and servicing of propulsion systems and electrical equipment relating to rolling stock used for railways and metro systems.
Shares of ABB India Ltd ended at ₹4,350, up by ₹65.45, or 1.53%, on the BSE.
(Edited by : Shoma Bhattacharjee)
First Published: Nov 20, 2023 7:02 PM IST
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