The company will supply 670 elevators, escalators to metro rail project

The Rs 400-crore contract signed by Otis Elevator Company (India) Limited with L&T Metro Rail (Hyderabad) Limited this year is the largest-ever to be bagged by any elevator company in the country, according Goldie Srivastava, communication director of United Technologies Corporation India Limited  (UTC). Otis is a UTC company.

The contract is for supply of 670 elevators and escalators, which will be installed in over 66 stations, workshops and other buildings to be built by L&T Metro Rail. Otis will also maintain the units for 10 years after the two-year warranty period.

As far as Otis is concerned, this is one  of largest contracts it has bagged world-wide so far for supply of elevators.  The next biggest contract it had won was from Hangzhou metro line 2 in China in 2012 for installation of 349 elevators. It was the second time that the Hangzhou Metro Group had chosen Otis, after the installation of 264 elevators for metro line 1.

Otis has the distinction of supplying elevators to mass rapid transit lines in different countries, including Malaysia, Taiwan and Singapore.  In India, it had also won a contract to supply 222 escalators to the Delhi Metro Rail Corporation  Phase-III project.

Stage I of Rs 14,132-crore Hyderabad Metro Rail Limited (HMR),  comprising a stretch of 8 kilometre, is expected to be opened for public on Ugadi, the Telugu new year day, in 2015. The construction of the 72-km project, comprising three corridors, is being taken up in six stages.  Stage I is from Nagole to Mettuguda and Stage  II is from Miyapur to Sanjeevareddy Nagar, a stretch of 11 km.

source: http://www.business-standard.com / Business Standard / Home> Economy & Policy> by BS Reporter / Hyderabad – October 23rd, 2013