This contract will give a further boost to the ‘Make in India’ initiative of the Modi Government.
Read also: A break up of Budget 2022's allocation for MRTS, metro projectsThe contract is for the three priority corridors in the Phase -IV expansion of the Delhi Metro.It involves the procurement of lifts and which are to be commissioned across these corridors. This will cover a distance of 65 KM and comprise 45 metro stations.The lifts will have a carrying capacity of around 20 commuters at a time as compared to earlier phases where the carrying capacity was between 8 and 13 passengers. CCTV cameras will also be installed inside the lifts for the first time in the Phase-IV expansion for enhanced safety.“We will initially bear the entire cost for design, manufacturing, supply, installation, testing and commissioning of the lifts and escalators and will maintain them for a period of 15 years. DMRC will release monthly payments of lease and maintenance charges once these lifts and escalators become operational, ’’ said John K. John, Chairman & Managing Director, Johnson LiftsThe contract was signed today.Established in 1963, Johnson Lifts has been the pioneer in this field, with over 9,000 employees and an annual turnover of over Rs. 2,000 crore. Johnson Lifts has four manufacturing units in India for lifts and escalators, and has been associated in 16 major metro rail works to provide 1,800+ lifts and 2,400+ escalators.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!
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