Alstom to supply 800 electric engines to Rlys
Alstom said it has received letter of award for 3 billion euro contract from Indian Railways to supply 800 electric locomotives with a long-term associated maintenance.
New Delhi : Alstom said it has received letter of award for 3 billion euro contract from Indian Railways to supply 800 electric locomotives with a long-term associated maintenance.
"Alstom has received a Letter of Award  from the Ministry of Railways to supply Indian Railways with 800 double section freight electric locomotives with associated long-term maintenance," the company said in a statement here.
According to the statement, total contract is worth above 3 billion euro. This project includes the set-up of a plant at Madhepura (Bihar) and two maintenance depots at Saharanpur (Uttar Pradesh) and Nagpur (Maharashtra).
It further said that the delivery of the locomotives will spread between 2018 and 2028. This project, one of the strongest endorsements of the ‘Make in India’ policy of the government, will play a crucial role in boosting the infrastructure development in the country, it said.
The 100 per cent foreign direct investment in the railway sector allowed by the government has provided a renewed push to the Indian mainline railway sector, the company said.