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In October 2013, Otis won its biggest ever contract to date, to supply 670 elevators and escalators to the Hyderabad Metro. [22] Its second biggest contract had been in 2012, to supply 349 elevators for the Hangzhou metro. [22] In 2015, Otis had to slow its expansion in Asia after orders in the region started to drop. [23]
In that year, Otis signed a bargaining agreement with rival union Bharatiya Kamgar Sena (BKS), giving management free hand. On February 2, 1994, BKS members attacked protesting workers inside the factory, after which Otis locked out all workers not willing to accept the bargaining agreement until the end of 1994. During the lockout, Otis ...
The Chamber of Commerce was established in 1917 to represent Hyderabad State of the old Nizam's dominions. After the formation of Andhra Pradesh in 1956, its name was changed to 'The Federation of Andhra Pradesh Chambers of Commerce and Industry'in 1958.
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. [1] It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others.
A 'Supplemental Concession Agreement' was signed between L&T Metro Rail Hyderabad and Government of Telangana, under which L&T Metro Rail Hyderabad was granted an interest free soft loan of Rs 100 crore. [62] Line 1 - Red Line - LB Nagar-Miyapur - 29 km (18 mi) 27 stations; Line 2 - Green Line - JBS–Falaknuma 15 km (9.3 mi) 15 stations
The consortium won a ₹ 198 crore (equivalent to ₹ 408 crore or US$47 million in 2023) contract to supply 122 lifts and 296 escalators for Phase I of the Chennai Metro in February 2011. [13] [14] It has also won contracts for the Delhi Metro, Bangalore Metro and other metro rail projects in India. [10]
The infrastructure at Hyderabad consist of the following: 24 lecture halls; Three air-conditioned seminar halls; 500-seat air-conditioned auditorium; Hostel for executives to accommodate 200 members; Dormitory for workers with capacity to accommodate 500 trainees; Post-graduate block; Stores; Full-fledged canteen
The project is then invoiced to the customer based on the actual costs incurred plus the agreed margin. It is essentially the same as what is known (especially in the U.S.) as a cost-plus contract. This contract form is popular to ensure that a competitive price is obtained, for instance in cases where tender competitions are impractical.