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- Mitsui & Co., Ltd.
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Main Contents
Mitsui & Co., Ltd. ("Mitsui," Head Office: Tokyo, Japan, President and CEO: Tatsuo Yasunaga) has entered into a contract for supplying maintenance equipment for railway track and overhead wiring with the Dedicated Freight Corridor Corporation of India Ltd., a corporation run by the Indian Ministry of Railways. The contract price is approximately JPY 18 billion, and is in relation to a dedicated freight line project for building the Western Dedicated Freight Corridor between Delhi and Mumbai, which is India's largest industrial area ("Western DFC Project"). Mitsui has already received various orders in connection with the Western DFC Project, including those for civil and track construction works and signaling and telecommunication facility construction works, and with the conclusion of this contract, the cumulative total orders Mitsui has received are approximately JPY 182 billion.
The purpose of the Western DFC Project is to build the western part (between Delhi and Mumbai) of the dedicated freight corridor that connects the four cities of Delhi, Mumbai, Chennai, and Kolkata located at the corners of India's so-called Golden Quadrilateral, and this project also serves as the core of the Delhi Mumbai Industrial Corridor (DMIC) scheme, a joint initiative pursued by the Japanese and Indian governments. The Japanese government is providing yen loans for the Western DFC Project under the Special Terms for Economic Partnership (STEP). By reducing the time required for transporting freight between Delhi and Mumbai from over three days currently to one day, this project is expected to significantly improve logistics efficiency and greatly contribute to industrial development in India.
Mitsui has concluded five contracts in relation to the Western DFC Project, and this marks its sixth. Based on this contract, for all the lines of the Western DFC Project constructed by Japanese companies, Mitsui will undertake the design, manufacturing, supplying, testing, commissioning, and staff training of all the maintenance equipment for the track and overhead wiring (22 types, 203 units in total). Such equipment is essential to securing safe, punctual, and high-speed railway operations.
Mitsui has designated "Market Asia" as one of strategic focuses in its Medium-term Management Plan 2023. Mitsui will continue to engage in the Western DFC Project, which is a symbolic project of cooperation between the Japanese and Indian governments, and will contribute to the further economic development of India by actively participating in infrastructure and mobility-related business in the country.
Profile of the Project (Package 6)
| Track Length | 1,467 km (from Dadri to Jawaharlal Nehru Port (JNPT)) |
|---|---|
| Contract amount | Approximately JPY 18 billion |
| Delivery period | 54 months (4 years and a half) |
| Usage | Dedicated freight railway |
| Contract details | Supply of maintenance equipment for track and overhead wiring (22 types, 203 units in total) |
Please scroll horizontally to look at table below.
| Project name | Contract conclusion date | Track length | Partner | Contract amount |
|---|---|---|---|---|
| Package 11 (civil engineering and track-laying work) |
November, 2016 | Between Vaitarana, Maharashtra and JNPT, Maharashtra: 102 km |
Ircon International Limited, Tata Projects Limited |
JPY 49 billion |
| Package 12&13 (civil engineering and track-laying work) |
August, 2015 | Between Vadodara, Gujarat and Vaitarana, Maharashtra: 302 km |
Ircon International Limited, Tata Projects Limited |
JPY 76 billion |
| Package 5 (supply and installation of signaling and telecommunication systems) |
August, 2015 | Between Rewari, Haryana and Vadodara, Gujarat: 915 km |
Hitachi, Ltd., Hitachi India Pvt. Ltd., A local leading company engaging in the rolling stock manufacturing and heavy engineering business in India |
JPY 28 billion |
| Package 5A (supply and installation of an automatic train control system) |
December, 2015 | Between Rewari, Haryana and JNPT, Maharashtra: 1,337 km |
Hitachi, Ltd., Hitachi India Pvt. Ltd. |
JPY 11 billion |
| Package 6 (supply of maintenance equipment) |
November, 2020 | Between Dadri, Uttar Pradesh and JNPT, Maharashtra: 1,467 km |
- | JPY 18 billion |
Mitsui’s Materiality
“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified six material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Foster a well-being society”
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Establish a foundation for sustainable and stable supply
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Create a community coexisting with nature
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Foster a well-being society
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Cultivate societies that respect human rights
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Empower our people to build brighter futures
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Build an organization with integrity