Swiss-Swedish technology firm ABB has won its largest traction equipment order in India, worth more than $42 million (€37 million) to supply state-of-the-art converters for electric locomotives from Diesel Locomotive Works (DLW), in Varanasi.
Feb 19 Swiss power major ABB said Tuesday that it has bagged a Rs 270-crore order for train technologies from Indian Railways.
Swiss power major ABB Wednesday said it has won an order worth Rs 115 crore from Indian Railways to supply traction transformers. The contract has been awarded by Diesel Locomotive Works, Varanasi, ABB said in a statement.
India’s economy is growing at a rapid pace, among the fastest in the world. The country’s rail transportation network, which extends across 3.3 million square kilometers and is one of the largest in the world, is a key driver.
ABB has won orders worth more than $150 million from Danish energy company Orsted to supply technology to transmit wind energy from Hornsea Project Two, slated to be the world’s largest offshore wind farm.
Swiss engineering major ABB is bullish on the growth opportunity in India’s electric vehicle charging market. The company is also keen to harness its strong foothold in solar energy generation in India to provide not just EV chargers but a clean charging ecosystem altogether.
Swiss power major ABB has said it is looking at bringing to India its flash charging product which can top up electric bus battery in 17 seconds at stops while on the go.
ABB said on Tuesday it received an order from Volkswagen unit Electrify America to provide high power electric vehicle chargers across the United States, the biggest U.S. project to date in that field.
ABB Chief Executive Ulrich Spiesshofersaid the market environment had brightened in 2018 with the Swiss engineering group ready to participate in the expected upswing.
ABB’s new REACT 2 inverter and energy storage solution includes a high-voltage Li-ion battery with a long life and a storage capacity of up to 12 kWh.