Lloyd Electric & Engineering Ltd is likely to benefit from this tie-up also:
It has entered into a MOU with Air International Transit Pty Ltd (AITPL), an Australian based Company, for the designing, manufacturing and supplying of AC package units to Metro Rail Corporation in India.
The Company, namely Air International transit is the original equipment supplier of AC package units to Rotem, who supplies coaches to Delhi Metro Rail Corporation. Apart from other businesses Air International specializes in designing and manufacture of packaged Air Conditioners to various Railways Globally including Delhi Metro Rail Corporation.
As per the terms and conditions of the said MOU, technical and designing specification shall be carried out by the Australian based Company, namely Air International Transit Pty Ltd and execution of manufacturing of these ACs shall, be carried out by the Lloyd.