Escorts Limited Signs Exclusive Agreement with European firm for Disc Brake System for Railway Coaches
Escorts Limited, a leading manufacturer of critical railway components since the last over 40 years, has signed an exclusive agreement for the supply of disc brake system for railway coaches with DAKO-CZ a.s. of Czech Republic, a world renowned company in railway braking equipment systems. Through this partnership, Escorts will be able to offer cutting edge technology and world-class disc braking systems for LHB design ‘High Speed Passenger Coaches’ of the Indian Railways.
Speaking on the agreement, Mr Vikram Singhal, Executive Director & Business Head for Escorts Engineering Division said, “Escorts has been playing a significant role in the growth and modernization of Indian Railways. We are today investing in critical technology tasks to introduce new products and providing complete solutions to realize the modernization plans of Indian Railways. The agreement with DAKO-CZ will help open new business streams for Escorts in the domain of high-end disc braking system. This technology will give us an edge over our competitors, both in terms of quality of product as well as price, and will prove to be a game changer in the industry.”
Mr. Milan Polak, Managing Director & Chairman of Board of Directors of DAKO-CZ said, “DAKO-CZ is devoted to the development, design and production of brake equipment systems for railway vehicles for decades. Our products are world-class and comply with international standards and UIC specifications. We are pleased to collaborate with Escorts Group and have great expectation from the co-operation.”