Hyderabad Metro awards Rs 400 cr contract to Otis
Hyderabad : L&T Metro Rail (Hyderabad) Limited (LTMRHL) has awarded elevators and escalators contract for...
Hyderabad : L&T Metro Rail (Hyderabad) Limited (LTMRHL) has awarded elevators and escalators contract for Hyderabad Metro Rail project to Otis Elevator Company (India) Limited. The contract is valued over Rs 400 crore.
The Letter of Award (LOA) was signed and exchanged on Tuesday by V B Gadgil, Chief Executive and Managing Director, LTMRHL and Sebi Joseph, Managing Director,Otis Elevator Company.
Under the contract, the heavy duty elevators and escalators for the Hyderabad Metro Rail project will be fabricated in Otis factories in China. Installation will be done by Otis Elevators Company which will also maintain the lifts and escalators for 10 years after the two year warranty period, for which a separate maintenance contract is being entered with Otis India.
"I am pleased that as of now we are well within our time frame of executing the project ahead of schedule. We have successfully accomplished placing all major equipment contracts as per schedule," said V B Gadgil.