Escorts eyes larger share of rail brake block business

Escorts is eyeing a larger share from the rail brake block market. This market is valued at nearly Rs 300 crore annually in seven countries including India. Escorts has already made Rs 27 crore just by selling the brake blocks – which are part of the friction material in all the rail wagons and coaches – to the Indian Railways. It has also entered into an exclusive license and technology assistance agreement with US-based firm Honeywell for providing technology on friction materials for rail-way applications. With this, Escorts will get exclusive access to Honeywell systems in countries like Bangladesh, Turkey, Pakistan, Sri Lanka, Tanzania and Egypt.Contact: Escorts.Tel: 0129-225 0222. Fax: 0129-225 0009.E-mail: escortsgroup@escortscorporate.comWebsite: www.escortsgroup.com