Don’t miss the latest developments in business and finance.

Alstom to strengthen its Transport business in India

Image
Announcement Companies & Industry
Last Updated : Feb 05 2013 | 1:20 AM IST
Mumbai, June 6, 2007---Alstom today announced that the Alstom Transport led consortium**, has bagged the contract worth INR 255 crores from the Delhi Metro Rail Corporation (DMRC). The contract involves design, manufacture, supply, installation and commissioning of Train Control & Signaling System for DMRC's Metro Line 1 and 2 extensions. The metro line 1 and 2 extension covers 37 kms and will be completed by March 2010. Alstom will provide its information and train control system URBALISTM on both above and underground sections of the metro.
 
On a visit to India, Philippe Mellier, Executive Vice President, Alstom and President, Alstom Transport, said, "Our capabilities cover the complete range of Transport business worldwide. With India moving towards urban and rapid transport systems, the Transport sector is entering a strong growth period. Through our proven technology in Europe and elsewhere in the world, Alstom Transport is well positioned to help India realise this potential."
 
"In the next five years the transport sector in India is expected to witness a total investment of atleast INR 3.5 trillion (equivalent to Euro 62 billion). Furthermore, India will have 10,000 km of new line, heavy haul freight corridor, station upgrades, port connectivity and capacity up-gradation of existing line. We are very excited with this dynamic and potential market scenario and are keen to participate in this growth effort", he added.
 
Sunand Sharma, Country President, Alstom and Chairman, ALSTOM Projects India Limited (APIL), said, "The contract from DMRC stands as a testimonial to Alstom's world wide expertise, state-of-the-art technology and commitment to the Indian market. This order confirms the growing success of customer confidence in our offerings. Earlier, Alstom was awarded the signaling contract in 2001 for Delhi Metro 1 & 2."
 
Alstom Transport currently has operations in Delhi, a manufacturing facility at Coimbatore for signaling and a software facility in Bangalore in partnership with Infotech. In 2005, Alstom Transport, successfully implemented the signaling & telecom systems, electrical equipments & services for Rolling Stock, traction equipments for Delhi Metro for DMRC.
 
About Alstom Transport
 
Alstom Transport is world leader in very high-speed trains and holds the No.2 market position in urban rail transport. The company has an 18 % share of the full accessible rail transport equipment and service market. With an annual turnover of 5.1 billion euros generating an operating margin of 6.3 %, Alstom Transport has established itself as the most profitable integrated solutions provider in the industry. Its range of offerings includes rolling stocks products, rail infrastructure equipment, signaling systems and maintenance services. Alstom Transport employs 26,000 men and women serving customers in over 60 countries.
 
About ALSTOM Projects India Limited (APIL)
 
ALSTOM Projects India Ltd (APIL) is a majority owned subsidiary company of Alstom SA France "� the global leader in power generation and rail infrastructure and a true multinational company that nurtures a long-term commitment to India. Alstom Projects India Ltd (APIL) offers a composite range of services related to power generation for utilities and industrial users, transportation systems covering traction, signalling and train control for the railways and energy management for a variety of industries.
 
In India since 1910, Alstom is one of the oldest foreign companies in the country employing close to 3000 people across New Delhi, Mumbai, Kolkata, Vadodara, Coimbatore, Durgapur, Shahabad and a software technology facility at Bangalore. Alstom Projects India Ltd. has a turnover of INR 1250 crore and is listed at BSE & NSE with 33 per cent of its equity with the public.

 
 

Also Read

First Published: Jun 06 2007 | 12:00 AM IST

Next Story