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Business News- Times Now<http://forums.investorline.co.in/aggregator/sources/106>- *3 hours 5 min* ago p align=justifyGeneral Electric Transportation, a unit of American diversified conglomerate GE, has joined hands with state-run Bharat Heavy Electricals Ltd to bid for the 1,000 diesel locomotive tender issued by the Indian Railways. brbrAccording to a release issued by GE Transportation on Tuesday (October 21), the company was recently shortlisted by the Indian Railways to compete for this tender. "GE and BHEL along with Indian Railways intend to form a Joint Venture company for this purpose, it added. brbrGE Transportation plans to supply diesel locomotives based on the company's global Evolution Series locomotive platform and this series locomotive is said to deliver five per cent higher fuel efficiency, the press release said. brbr"We are excited about the prospect of expanding our relationship with Indian Railways and to partner with BHEL, one of the leading technology companies in India, GE Transportation President and CEO Lorenzo Simonelli said. BHEL's know-how, customer centricity and local operations will help us deliver our product to Indian Railways in a timely and cost-effective manner, Simonelli added. brbrBHEL has been a leading supplier of propulsion systems and locomotives to Indian Railways. It manufactures approximately 160 electric locomotives and supplied over 4,000 sets of electric propulsion systems to Diesel Locomotive Works. GE is known to build the world's most reliable and fuel-efficient diesel locomotives to-date, BHEL's Chairman and Managing Director K Ravi Kumar said. brbr(With inputs from agencies)/p Categories: Business<http://forums.investorline.co.in/aggregator/categories/4>, Capital Market <http://forums.investorline.co.in/aggregator/categories/5>, Corporate News <http://forums.investorline.co.in/aggregator/categories/11>, Economy<http://forums.investorline.co.in/aggregator/categories/12>, India <http://forums.investorline.co.in/aggregator/categories/43>, Industry<http://forums.investorline.co.in/aggregator/categories/20>, Inflation <http://forums.investorline.co.in/aggregator/categories/21>, International Business <http://forums.investorline.co.in/aggregator/categories/23>, International News <http://forums.investorline.co.in/aggregator/categories/24>, USA<http://forums.investorline.co.in/aggregator/categories/46> http://forums.investorline.co.in/ --~--~---------~--~----~------------~-------~--~----~ Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor -~----------~----~----~----~------~----~------~--~---
