Autonomous MagRail Freight in India: DP World, DPA, Nevomo Pact

1 Minute Read Listen to Article
Share:    

Jul 15, 2025 18:06

x
DP World, Deendayal Port Authority (DPA), and Nevomo partner to explore autonomous magnetic rail freight using MagRail technology in India. Pilot project planned.
Autonomous MagRail Freight in India: DP World, DPA, Nevomo Pact
New Delhi, Jul 15 (PTI) DP World, Deendayal Port Authority (DPA) and Nevomo have signed an agreement to explore autonomous magnetic rail freight movement in the country, according to a statement on Tuesday.

The pact will help the companies to explore opportunities for development of a pilot project using Nevomo's MagRail proprietary technology for the self-propelled movement of rail-based cargo and freight within the existing port ecosystems, DP World said in the statement.


A Memorandum of Understanding (MoU) in this regard was signed by Sushil Kumar Singh, Chairman of Deendayal Port Authority (DPA), Rizwan Soomar, CEO & Managing Director, Middle East, North Africa, India Subcontinent, DP World, and Przemek (Ben) Paczek CEO Nevomo Group BV.

The MoU sets the framework for a 750-metre pilot project of MagRail technology at Deendayal Port, it added.
Share:    

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

See More >

Moneywiz Live!

Home

Market News

Latest News

International Markets

Economy

Industries

Mutual Fund News

IPO News

Search News

My Portfolio

My Watchlist

Gainers

Losers

Sectors

Indices

Forex

Mutual Funds

Feedback