Zyfra takes up ₹150-cr coach modernization contract
In a bid to modernize Indian metro coaches to match global standards, the Finnish-Russian digital solutions provider Zyfra has agreed to offer technology and expertise to the Modern Coach Factory (MCF) in executing the ₹150 crore contract. Earlier this year, MCF Rae Bareilly has floated a tender to buy technology for the design, development, manufacturing, testing and maintenance of the aluminum body passenger coaches for metro trains by 2021. Zyfra, in a media statement, said that the AI and IoT solutions firm has earned more than $26 million from Indian contracts and plans to double it to $45 million by the end of 2019. Zyfra has got $3 million in contracts with its Indian counterparts in 2018, facilitating industrial manufacturers with AI and IoT-based solutions as well as autonomous vehicles. The company plans to enhance its presence in the Indian market and reach a target of $50 million by 2021. It has launched 17 pilot projects in India with its major partners like Spudweb, Parivartan Automation, Abcon Group, Wimera Systems and OJB Engineering from the defence, aerospace, petrochemicals, metallurgy and mining industries.
📅Published on:
12 April 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
