Otis Elevator Company (India), a subsidiary of United Technologies Corporation India, has bagged a Rs 400-crore contract from L&T Metro Rail (Hyderabad) this year. The order is termed as the largest-ever to be bagged by any elevator company in India.
As per the contract, Otis is to supply 670 elevators and escalators, which will be installed in over 66 stations, workshops and other buildings to be built by L&T Metro Rail in the Andhra Pradesh capital. After two-year warranty period, the company will also maintain the units for 10 years.