Hyundai Rotem bags Rs1,800-cr rolling stock order from Hyderabad Metro
11 Sep 2012
L&T Metro Rail (Hyderabad) Ltd has awarded Rs1,800-crore contract to Hyundai Rotem Company of South Korea for supply of rolling stock for the elevated rail project being executed by the L&T arm.
Hyundai Rotem will supply 171 cars that will form 57 trains of three units each.
V B Gadgil, chief executive and managing director of L& T Metro Rail (Hyderabad), and Hyung-Wook Kim, director of rail business for Asia at Hyundai Rotem Company, exchanged the letter of award.
Hyundai Rotem Company, a global supplier of a range of of railway vehicles, including electric multiple units, high-speed trains, light rail vehicles, locomotives and passenger coaches, has prior experience in supplying to Indian metros as well.
The rolling stock will be delivered nine months ahead of the commissioning of each of the three corridors of the elevated metro rail project.
The Rs16,400 crore Hyderabad Metro Rail Project, is a public-private partnership (PPP) project, to be commissioned by 2016. It is being executed in a design-build-finance-operate-and-transfer (DBFOT) basis by L&T Metro Rail (Hyderabad) Limited.
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