Alstom India to bid for seven rail infra projects worth over €1 bn

Alstom India will bid for as many as seven significant projects worth a combined more than €1 billion by the end of October for rendering infrastructure solutions, signalling, and rolling stock for the metro rail systems in Chennai, Delhi, and Kolkata. In the following couple of months, they are presenting tenders for almost seven different projects, which involve urban metro projects and parts for Indian Railways. Managing Director of Alstom India, Alain Spohr, told the media that the Indian arm of the French manufacturing firm, which had an order backlog of approximately €4.1 billion at the end of 31 March 2021, expects to attain €1 billion revenue by FY23, increased from around €650-700 million it expects this financial year. Presently, Alstom India is associated with metro projects in various cities like Mumbai, Chennai, Kochi, and Lucknow, where it provides rolling stock from its Andhra Pradesh facility. The firm also renders rolling stock for rail projects in Montreal and Sydney. It is also implementing signalling and power supply systems for a 343 km section of the World Bank-funded Eastern Dedicated Freight Corridor. Alstom’s electric locomotive facility at Madhepura in Bihar, a joint venture with Indian Railways, produces and provides high horse-power locomotives to the public sector enterprise. Among other things, Alstom India in July commenced producing regional commuter and transit trains for the Delhi-Ghaziabad-Meerut semi-high-speed rail corridor under the RRTS (regional rapid transit system) Phase 1, for which it bagged the deal to design, build, and deliver 210 regional commuter and transit train cars along with comprehensive maintenance services for 15 years in 2020. Spohr said that India is the fastest-growing market for Alstom, and they are the only multinational supplier in the nation to render a broad portfolio of rail solutions for urban and mainline. The sustainable mobility solutions demand is rising, and this sector is bullish. Alstom has contributed €438 million in indirect and induced GDP to India’s economy, the firm said, quoting an EY report issued on Wednesday. The firm has helped to generate more than 161,000 direct, indirect, and induced jobs (7,634 direct employees, 71,340 indirect employees, and 27,770 induced jobs) and targets to grow the number of female employees in its workforce to 28% by 2025. Image SourceAlso read: Alstom starts manufacturing trains for Delhi-Meerut RRTS corridor Also read: Alstom emerges as the only bidder for Delhi Metro signal upgradation