On Tuesday, it was announced by Siemens Ltd that a contract worth Rs 4100cr has been secured by a consortium led by Dineshchandra R Agarwal Infracon Pvt Ltd, along with Siemens Ltd and Siemens Mobility GmbH, from the National High Speed Rail corporation Limited ( NHSRCL) for India's first bullet train project.
The trading of shares of Siemens Ltd is being done at Rs 3,352.00, representing an increase of Rs 80.50 or 2.46% today.Siemens Ltd.'s ₹1,230 crore part of the contract covers the cost of designing, constructing, and maintaining sophisticated signaling and telecommunication systems for the Mumbai-Ahmedabad High-Speed Rail corridor. According to an exchange filing, Siemens will provide maintenance assistance for 15 years to maintain lifecycle reliability during the project's 54-month execution. Siemens will deploy signaling and train control systems based on the European Train Control System (ETCS) Level 2 as per the agreement. These technologies will provide real-time train supervision, continuous wireless communication, and centralized traffic control. They are made to support train operations at up to 350 km/h.
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Sunil Mathur, Managing Director and Chief Executive Officer of Siemens Ltd, said, “As a consortium, we are proud to partner with National High Speed Rail Corporation Limited in the prestigious high-speed rail project. This project reflects our commitment to ‘Make in India’ and delivering technologies that promote sustainable and future-ready mobility.” The key component of the National Rail Plan 2030 is the Mumbai-Ahmedabad bullet train corridor, which is aimed to modernise India’s railway infrastructure and boost high-speed connectivity.
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