Date Of Post: 12 Mar, 2018
New Delhi: Alstom inked three new contracts worth Rs 600 crore – power supply contract from the Mumbai Metro Rail Corporation Ltd (MMRCL), contract for new train sets from Chennai Metro Rail Corporation and another power supply contract from Jaipur Metro Rail Corporation. The deal was announced on Saturday as French President Emmanuel Macron began his first 4-day official visit to India after arriving in New Delhi on Friday.
- Alstom has also rolled out its first high power electric locomotive, which can run at speeds of up to 120 kmph, from its Bihar’s manufacturing plant, it said.
- The Indian Railways had awarded Rs 20,000 crore project to Alstom in November 2015 after the commissioning of the factory in Bihar’s Madhepura.
- The FDI component in the Madhepura project is around Rs 1,200 crore.
- Henri-Poupart Lafarge, Chairman and CEO, Alstom in a release, said,”Our operations in India are paramount to our business globally and we continue to stay committed to developing India’s infrastructure needs, improving the quality of services to citizens and investing in the nation’s economy.”
Image Credit: Alstom