ABB said on Monday that it had secured orders worth $80 million from Stadler Rail for traction and battery technologies for commuter trains in Spain.
The orders include compact traction converters and high-power lithium-ion battery to power 59 double-decker commuter trains for Spain's state-owned rail operator Renfe.
ABB added that the orders were booked in the fourth quarter of 2021.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!