(MENAFN) Hyundai Rotem Co., the train manufacturing unit of Hyundai Motor Group, said on Monday that it won a USD856 million order to supply diesel-powered trains in Iran.
The company signed the mega deal with the Iranian government Saturday to build 450 trains for 78 months, it said in a statement.
Among the total orders, Hyundai Rotem plans to build 150 diesel-powered trains at its domestic plant and to partner with the Iranian Rail Industries Development Co. (IRICO) to manufacture the remaining 300 in an Iranian production facility, it added.
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