CG Power keen to supply systems for makers of Vande Bharat trainsets

by IANS |

Chennai, Oct 27 (IANS) The Murugappa Group's engineering products major, CG Power and Industrial Solutions Ltd, is keen on supplying systems for the Vande Bharat trainsets and also export motors whose production capacity will be expanded at an outlay of Rs 230 crore.

"We are not participating in the tender for making Vande Bharat trainsets. However, we can supply systems for the train if the successful bidder approaches us," N. Srinivasan, Managing Director, told IANS.

According to Srinivasan, the company was interested in participating in the bidding by tying up with a company that has earlier built the train sets.

As per the Indian Railways tender conditions for Vande Bharat, only those who have the experience of building trainsets could submit the bids.

The company is already supplying some systems for the Indian Railways.

Srinivasan said the company has propulsion systems and other items.

He also said, exports of motors is part of the company's agenda for going in for capacity expansion at an outlay of Rs 230 crore at Ahmednagar and Goa plants.

The expansion will be done in two phases over four year period to address increased demand in the domestic and overseas markets.

On the company's plans for making motors for electric vehicles with group company Tube Investments of India Ltd getting into electric three wheelers/tractors/trucks, Srinivasan said it is in a development stage.

Latest News
Warner, Head confirm as Aussies' T20I openers; Smith's role less clear ahead of T20 WC Tue, Feb 20, 2024, 02:01 PM
India reversing missed opportunities of last 75 years, China chip era slowing down: Minister Tue, Feb 20, 2024, 01:58 PM
Govt to hold roadshow in Mumbai to push Rs 8,500 cr coal gasification scheme Tue, Feb 20, 2024, 01:56 PM
Bengal school job case: Sujay Bhadra finally returns to correctional home from hospital Tue, Feb 20, 2024, 01:53 PM
Australia to double naval warships, largest since World War II Tue, Feb 20, 2024, 01:51 PM
Delhi HC reserves verdict on JMM chief's appeal against order refusing to interfere in Lokpal proceedings Tue, Feb 20, 2024, 01:50 PM
Will the curve of India's plastic surgery business rise or fall? Tue, Feb 20, 2024, 01:07 PM
FIH Pro League: 'Confidence in the camp is quite high', says hockey midfielder Hardik ahead of Netherlands clash Tue, Feb 20, 2024, 12:59 PM
PM Modi in Jammu, inaugurates multiple projects worth Rs 32,000 cr Tue, Feb 20, 2024, 12:56 PM
Stopped from entering Sandeshkhali, Bengal LoP moves Calcutta HC again Tue, Feb 20, 2024, 12:48 PM
Urban sector growth outpaced rural sector for 11th consecutive quarter Tue, Feb 20, 2024, 12:40 PM
Oxygen shortage kills 8 patients in besieged Gaza hospital: Minister Tue, Feb 20, 2024, 12:36 PM
Consuming over 22 per cent protein daily may clog your arteries: Study Tue, Feb 20, 2024, 12:28 PM
Rahul Gandhi appears in Sultanpur court Tue, Feb 20, 2024, 12:18 PM
India's IPO tally hit a six-year high in 2023 Tue, Feb 20, 2024, 12:16 PM