en.Wedoany.com Reported - Oriental Foundry Private Limited has signed a Memorandum of Understanding with Hum Industrial Technology to jointly bid for the Indian Railways' Research Designs and Standards Organisation (RDSO) smart wagon project. The project focuses on the deployment of 346 sets of wagon wheel and bearing health monitoring systems, aiming to enhance the safety and predictive maintenance capabilities of Indian rail freight through real-time data.

Under the agreement, Oriental Foundry will participate in the tender as the lead partner, while Hum Industrial Technology will act as the non-lead partner. If the bid is successful, the two parties plan to establish a joint venture company in India named "Hum Oriental Systems Private Limited," with Oriental Foundry holding a 51% stake and Hum Industrial Technology holding 49%. This joint venture will be responsible for project execution and subsequent technology promotion.

Hum Industrial Technology, headquartered in St. Louis, USA, specializes in wireless sensor solutions for railways; Oriental Foundry is a major wagon manufacturer in India, providing components such as bogies and couplers. This collaboration integrates the technological and manufacturing strengths of both parties in the fields of smart wagons and health monitoring, which is expected to reduce fault downtime, improve operational efficiency, and facilitate the intelligent upgrade of Indian rail freight.

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