Siemens bags Rs 167 cr contract from Delhi Cargo Service Centre

NEW DELHI: German major Siemens today said it has bagged a Rs 167 crore order from Delhi Cargo Service Centre to provide material handling solutions for a new cargo complex at the city's international airport.

"Siemens has implemented 300 airport logistics systems worldwide. We will use this extensive global experience to enable CSC's Delhi project with highly-efficient and reliable cargo handling services," Tilakraj Seth, VP and Head, Mobility Solutions, Siemens Ltd, said here.

Delhi Cargo Service Centre, a 74:26 joint venture between Cargo Service Centre (CSC) and Delhi International Airport, is building the complex, the first phase of which with 1.6 lakh tonnes per annum capacity would go on stream next month.

Siemens would provide entire air cargo handling solution that includes automatic storage and retrieval system, cargo workstation and container handling storage and system.

DCSC plans to build the complex in phases - 3.5 LT by August next year, 5.5 LT by 2015 and 1.2 MT, the total planned capacity, by 2016. The total project cost is Rs 550 crore.

The current contract with Siemens ends till the capacity of the cargo complex reaches 5.5 LT. Siemens, however, would get an additional euro 10 million contract when DCSC ramps up capacity beyond 5.5 LT, CSC Group CEO R Panicker said.

He said that DCSC has received Rs 167 crore loan from IDBI for financing the first phase of the project, in which Rs 200 crore investment would go in.

DCSC has also tied up with NIIT Technologies for providing technology for the project.