Otis wins largest single contract in Indian elevator industry’s history. The elevator and escalator company will provide 670 units to the Hyderabad Metro Rail Project
Otis Elevator Company (India) Limited is proud to announce that it has been awarded the elevators & escalators contract for Hyderabad Metro Rail Project by L&T Metro Rail (Hyderabad) Limited (LTMRHL). Otis has been contracted to supply and install a total of 670 elevators and escalators for the project. Of the total units, there will be 260 of the Gen2® Premier model of elevators and 410 units of the 520 NPE model of escalators installed in over 66 metro stations, workshops and other buildings at Depots. Otis will also maintain the units for 10 years after the two year warranty period, for which a separate maintenance contract is being entered with Otis India. Otis is a unit of United Technologies Corp. (NYSE: UTX).
The Letter of Award (LOA) was signed and exchanged by Mr. V B Gadgil, Chief Executive & Managing Director, LTMRHL and Mr. Sebi Joseph, Managing Director, Otis Elevator Company India Limited.
Speaking on this important occasion, Mr. V B Gadgil, stated, “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.”
Patrick Blethon, President, Otis Pacific Asia Area said, “We are extremely delighted with the Hyderabad Metro Rail win. This win affirms our position as a major vertical transportation supplier to Metro systems worldwide. Our experience with the Taipei Metro System, Shanghai Metro Line 6, Singapore East-West metro line, Tianjin Subway, Beijing South Railway station etc. will all help in delivering the best solutions for this prestigious project.”
Sebi Joseph, Managing Director, Otis India said, “This is a landmark win for Otis as it is one of the largest single contracts in the history of the Indian elevator and escalator industry. We are extremely delighted to be partnering with L&T Metro Rail (Hyderabad) Limited (LTMRHL) on a project that is considered one of the top 100 strategic global infrastructure projects.”
The Gen2® Premier elevator system combines the benefits of energy efficiency and environmental responsibility along with Otis’ long-time emphasis on passenger safety and comfort. This equipment includes the innovative Gen2® flat belt system that replaces conventional steel ropes. The Gen2® Premier machine’s compact size eliminates the need for a machine room. This system also consists of PULSE ™ belt monitoring system which electronically monitors the status of the belt 24/7, 365 days a year. Gen2® elevators equipped with the energy-conserving technology of Otis’ ReGen® drives are capable of reducing energy usage by up to 75 percent when compared with conventional systems with non-regenerative drives. ReGen® drives reduce energy usage by capturing the energy normally dissipated as heat during braking and then feeds this energy back into the buildings internal electrical for use by other building systems such as adjacent elevators and lighting.
The 520 NPE escalators cater to public transport and heavy traffic environments by offering exceptional safety, reliability and service friendly design. Interfaces for remote monitoring and control enhance safe operation. These escalators are also environmentally friendly.
L&T Metro Rail (Hyderabad) Limited is a subsidiary of L&T IDPL, promoted by L&T Group, which is a USD 13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is ranked 4th in the global list of Green Companies in the industrial sector by the reputed international magazine Newsweek, and ranked the world’s 9th Most Innovative Company by Forbes International. L&T is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.