Cyient, a global engineering and technology solutions company, today announced that it had signed an agreement with Hitachi Rail to deliver a series of project engineering services to support Hitachi Rail accelerate the evolution of its signaling technology and expand and enhance its project execution capacity.
As part of the agreement, Cyient will develop and operate a Central Delivery Center for Hitachi Rail in India, and a Regional Center in the US. These centers will be responsible for delivering engineering services (such as application logic design, hardware design, software configuration, and verification and validation) for Hitachi's global signaling projects that use proprietary interlocking platforms. They will also provide software development and configuration support for Hitachi's ATS product.
Cyient will combine its global footprint, scale, and deep domain experience of over 16 years with Hitachi Rail's vision and extensive technical expertise. The partnership will enable safer design and operations as well as ensure critical benefits to rail operators across the globe.
Speaking on the partnership, Krishna Bodanapu, MD & CEO, Cyient, said, "We are excited to be working with Hitachi Rail and support them on critical, state-of-the-art signaling projects worldwide. This agreement is a reflection of Cyient's credibility in building global partnerships in safety-critical industries such as rail transportation and a testimony to the value and competitiveness we bring to our customers."
Shares of Cyient Limited was last trading in BSE at Rs.230.85 as compared to the previous close of Rs. 229.65. The total number of shares traded during the day was 5483 in over 688 trades.
The stock hit an intraday high of Rs. 239.9 and intraday low of 229. The net turnover during the day was Rs. 1289184.