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EFKON India Bags Four Contracts Worth INR 430 Million in This Financial Year - EFKON India Pvt Ltd has won contracts worth INR 430 Million in this year. Efkon India is a 100% subsidiary of EFKON AG, headquartered in Graz, Austria and having presence in the Intelligent Transportation Sector in India since more than 10 years
EFKON India Bags Four Contracts Worth INR 430 Million in This Financial Year

 

NewswireToday - /newswire/ - Mumbai, Maharashtra, India, 2011/11/16 - EFKON India Pvt Ltd has won contracts worth INR 430 Million in this year. Efkon India is a 100% subsidiary of EFKON AG, headquartered in Graz, Austria and having presence in the Intelligent Transportation Sector in India since more than 10 years.

   
 
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The Austrian EFKON Group headquartered in Graz/Raaba, one of the worldwide leading companies in intelligent transportation and tolling solutions, has announced that its subsidiary EFKON India has received four prestigious orders in the field of tolling and Intelligent Transportation Solutions (ITS) of approx. € 6.5 million (INR 430 million) in total:

1. EFKON has received a repeat contract from Oriental Structural Engineers for providing the complete ITS product-mix for the Nagpur Bypass project. This contract includes the delivery of Advanced Traffic Management Systems (ATMS) for 117 kms and 44 lanes of semi-automatic toll system integrated with a weigh-in-motion system that enables weighing without stopping.

2. Furthermore, the company won repeat contracts from the Malaysian Concessionaire IJM for providing toll systems at their REWA project and continued toll operation and maintenance services at their Vijywada project.

3. A turn-key outbound logistics solution contract for Maruti Suzuki Ltd., the largest car manufacturer in India, was also awarded to EFKON. This project includes the installing of state of the art tracking boxes and back-end solution for a fleet for approx. 3,000 trucks. This one of the first of its kind solutions being implemented India in the B2B space.

4. One of the largest contract until date in the Indian toll industry was awarded to EFKON: the company will provide to the Jaypee Group a turn-key Toll Management System Solution at the prestigious 165-kms Yamuna Expressway Project covering 129 Toll Lanes across 3 main-line and 7 Ramp Plazas. The system once implemented will boast of state-of the art features in tolling including the first of its kind implementation in India of the ISO 180006-C Rf-iD Electronic Tolling Technology. This technology has been recommended by the Nandan Nilekeni committee as the ETC technology for the Indian Toll Roads.

“We have a long-term, successful strategy for the Indian market. The above contracts confirm EFKON‘s market leadership; both in technology and market share in a very competitive Indian ITS market. This market has huge potential and I am sure that we can increase our market shares in India through our solutions,” says Dr. Raimund Pammer, CTO EFKON AG.

India is one of the fastest growing economies of the world and the second-most populous country with over 1.2 billion people. The volume of traffic has increased strongly in recent years. EFKON has been operating in the Indian market successfully for over twelve years now and is a market leader in the field of providing ITS Solutions for Toll Roads Market. EFKON operates in India in the fields of: Intelligent Transportation Solutions, Toll Road Operations & Maintenance and Vehicle Tracking Solutions.

About EFKON AG

EFKON AG (efkonindia.com), a subsidiary of European construction company STRABAG SE, is one of the worldwide leading providers of Intelligent Transportation Systems (ITS), Electronic Toll Collection (ETC), enforcement and traffic telematic solutions. EFKON has significant know-how on all major electronic tolling technologies and provides customized turnkey solutions. With headquarters in Graz, Austria, EFKON’s activities are worldwide, with important references from Asia, Europe and Africa. Subsidiaries are placed in Germany, Ireland, Bulgaria, Romania, Malaysia, South Africa, India and Pakistan.

For more information, please contact:
Daniel Ulz, Head of Corporate Marketing & Information Technology
T: +43 316 6990-0 / F: +43 316 6990-600 - E: pr[.]efkon.com.

 
 
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Written by / Agency / Source: EFKON India (P) Ltd

 
 

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EFKON India Bags Four Contracts Worth INR 430 Million in This Financial Year

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Publisher Contact: EfkonIndia.com 
+91 022-67148200 office.marketing[.]efkonindia.com
 
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