CG Power and Industrial Solutions Ltd has achieved a significant milestone by securing a long-term supply and servicing agreement with M/s Kinet Railway Solutions Limited. This deal, valued between ₹400 to ₹450 crore, is aimed at supplying crucial railway products for 10 Vande Bharat trainsets. Additionally, a 35-year service order is also included in the agreement, making it a major win for CG Power in the railway sector.

CG Power’s Role in the Vande Bharat Project

Under this agreement, CG Power will provide essential railway products such as:

Propulsion kits

Traction motors

Transformers

Other critical railway components

With a strong legacy of over 86 years, CG Power has established itself as a leader in railway transportation technology. The company specializes in traction machines, propulsion systems, and electro-mechanical signaling products. This latest order for the Vande Bharat trainsets strengthens its position in India’s railway modernization efforts.

Significance of the Deal

1. Boost to India’s Make-in-India Initiative: The agreement aligns with the government’s push for indigenous railway manufacturing and self-reliance in critical infrastructure.

2. Strengthening CG Power’s Market Position: This deal cements CG Power as a preferred supplier for railway electrification and transportation electronics.

3. Long-Term Revenue Visibility: The inclusion of a 35-year service contract ensures sustained revenue and market presence.

About CG Power and Industrial Solutions Ltd

Headquartered in Mumbai, CG Power is a leading name in India’s electrical engineering industry. The company has a diversified product portfolio, catering to industrial systems, power systems, and now, railway modernization. With 18 manufacturing plants in India and one in Sweden, CG Power continues to expand its global footprint.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions related to CG Power or other companies mentioned.