Hitachi ABB Power Grids wins Rs 1.2 bn Indian Railways transformer deal

15 Jun 2023 CW Team

Hitachi ABB Power Grids India has declared that it secured an order worth Rs 1.2 billion to assist the Indian government in achieving its objective of 100% railway electrification and reducing its carbon footprint.

According to the announcement, the company will supply transformers to Chittaranjan Locomotive Works (CLW), the government's electric locomotive manufacturer, for the production of 400 passenger and freight locomotive engines. For CLW's goods locomotive engines, 6,531 kVA transformers will be provided, while 7,775 kVA transformers will be supplied for its passenger engines.

Indian Railways is the largest consumer of electricity in the country, accounting for approximately 2% of the national energy consumption. The railway aims to become a net-zero carbon emitter by 2030.

N Venu, the Managing Director of Hitachi ABB Power Grids India, stated that railways play a vital role in environmentally sustainable transportation, and their pioneering technology will contribute to achieving a balance between energy expansion and emission reduction.

The company's official statement reveals that Hitachi ABB Power Grids India operates under the legal entity name "ABB Power Products and Systems India Limited."

In a press statement released earlier this month, the Japanese conglomerate Hitachi announced the completion of its acquisition of 80.1% of Switzerland-based ABB's power grid business. The newly formed company, known as "Hitachi ABB Power Grids," has already commenced operations.

Both companies expressed their aspirations to introduce innovative energy solutions in the utilities, mobility, smart cities, industry, and information technology sectors through this collaboration.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..