TD Power Systems has received an order from a large European multinational company (MNC) in India for manufacture & supply of certain components (Product) of traction motors used in Electric Locomotives to be supplied to Indian Railways by the MNC. The total order value is about Rs 750 crore to be supplied over 10 years starting from 2018.
The MNC will also provide the required technology for manufacture of the Product under License through its Affiliate Company. With this contract, the company affirms its position as a growing market player in the traction equipment business.
TD Power Systems is one of the leading manufacturers of AC Generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. It focuses on manufacturing custom-designed generators for its customers who are based across the world.