Rail Vikas Nigam Ltd inks an MoU M/s. Frauscher Sensonic India for collaborating and implementing the novel way for managing railway infrastructure through smarter technology.
- Sh. Ajit Singh, Executive Director, Corporate Coordination & Business Development, RVNL exchanged the MoU with Sh Alok Sinha (Director of Board, Frauscher Sensonic India) today at RVNL’s Corporate Office, New Delhi in the presence of Sh. Rajesh Prasad, Director, Operations, RVNL, and senior executives from both companies.
- The innovative technology is envisaged to empower the rail infrastructure managers with critical information on train tracks, track defect monitoring, security (movement and digging around rail tracks), etc.
- Through the deployment of this disruptive technology, it is easier to proactively predict maintenance needs and improve both the safety and operational efficiency of rail assets.
- The new business venture also meets Rail Vikas Nigam Limited’s endeavors, as a rail-infrastructure creator and developer, to bring in a real-time digital transformation in the vast and critical role of maintenance of rail infrastructure.
- M/s. Frauscher Sensonic India is involved in the analysis of the data around railway infrastructure and processes it to provide intelligent and meaningful information to the railway operators in real-time for taking the right action.
Mr. Alok Sinha, Director of Board, Frauscher Sensonic India says “Sensonic continuously aims to be the trailblazer in being one of the top AI and data-based learning solution providers in our esteemed industry. Introducing this approach has begun to change the way the rail organisations operate and manage their assets. Our innovative solution empowers the rail infrastructure managers with the actionable information on train tracking, track defect monitoring and security aspects by detecting activities such as digging or walking in the vicinity of tracks.Moreover, our new business models were well received in Europe and South America lately. There we introduced the markets to our model of providing lifetime obsolescence management and end-to-end maintenance support through an innovative Software as a Service approach. Under the leadership and with the relentless support of RVNL we now have the perfect platform to bring this knowledge toIndia and develop it further to indigenise our solution for the Indian ecosystem”.
Deep Desai, CCO Frauscher Sensonic agrees: “Ever since the inception of our company, we have put massive value on collaboration with reputable institutes to accelerate our work in railway and AI domain, amongst which are Johannes-Kepler University in Austria, the Microsoft Unicorn Program or the Innovate UK Smart Grant. In that spirit, it goes without saying that we are really proud of being associated with RVNL. It’s not just the pride but a sense of excitement that reverberates within Sensonic may it be in India, UK, Austria or within our shareholders – we’re all looking forward to this collaboration”, he states.
About RVNL:
- The company began its operation in 2005 with the appointment of a Board of Directors.
- The company was granted Miniratna status in September 2013.
- RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.
- RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.
- The turnover of the company for the financial year 2019-20 has increased by 44.44%.
- The authorized share capital of the company is Rs. 3000 cr. with paid up share capital of Rs. 2085 cr.
- The company has been listed after its disinvestment of its stake of 12.16% of the company through IPO.
About Frauscher Sensonic India:
- Sensonic as a tech start-up was the brainchild of Frauscher Sensor Technology.
- The company’s solution allows its users to monitor entire networks at any given moments in time.
- As a base, a digital twin of all vibrations occurring along these networks is created.
- From this, using the latest AI and Machine Learning approaches to train smart algorithms, Sensonic derives information that gives unparalleled historical and real-time insights as well as the ability to predict the future.
- This holistic view revolutionises the way in which decisions can be made, taking railway operations to the highest level.
Source: RVNL-Update
