Stone India receives order for supply of 100 sets of Wagon Air Brake

Mumbai, Mar 19 (UNI) Stone India Ltd today announced that it has bagged an order valued at Rs 8.5 million for the supply of 100 sets of wagon air brake system to a renowned Chinese wagon-builder.

The company was able to procure the order competing against the reputed European manufacturers of the product, a company release informed the Bombay Stock Exchange (BSE).

The Chinese wagon-builder is one of the internationally-reputed wagon manufacturers and is a major supplier of wagons not only in China but even to countries like Australia, Asia, East Europe, Russia and Africa.

On successful completion of the order, the company expects to closely work with the Chinese wagon-builder to become a major supplier not only for the conventional UIC compliant brake system but also its patented beam mounted brake system, the release added.

UNI