Hyundai Rotem Company of Korea has bagged the Rs 1,800-crore rolling stock order from L& T Metro Rail (Hyderabad) Ltd.
This is a consortium partner of Bharat Earth Movers Ltd, which supplied to Delhi Metro. Others in the fray include Canadian firm Bombardier, Spanish conglomerate CAF and Chinese firm CSR-Zhuzhou Electric Locomotive Company.
The order is for supply of 171 cars (57 trains) to support the 72-km elevated metro rail project being developed by concessionaire L&T across three dense corridors.
The letter of award was signed by V.B. Gadgil, Chief Executive and Managing Director of LTHMRL, and Hyung-Wook Kim, Director-Rail Business, Asia, Hyundai Rotem Company.
According to L&T, Hyundai Rotem is a proven rolling stock supplier and has prior experience of supplying to Indian metros. It has globally supplied to projects in Japan, Greece, Hong Kong, the Philippines, Taiwan, Turkey and Korea.
The rolling stock will be delivered nine months prior to the commissioning of each stage of construction of the elevated metro rail project.
The entire contract is denominated in Indian rupees, thus eliminating foreign exchange risk.
“The rolling stock order has been awarded after examining various manufacturers operating in India and abroad,” Gadgil said.
These rail cars will be made of light weight stainless steel and aluminium.
src-businessline
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