Alstom Secures €2 Billion Contract for New York Railcar Supply

07 Jul 2025 CW Team

French train manufacturer Alstom SA has secured a €2 billion (Rs 20.7 billion) contract from New York’s Metropolitan Transportation Authority (MTA) as part of the authority’s ongoing fleet modernisation efforts.

Alstom will supply M-9A railcars for the Long Island Rail Road and Metro-North Railroad, according to a statement released by the company on Friday.

Following the announcement, Alstom shares rose by as much as 1.4 per cent during early trading in Paris, valuing the company at approximately €8.9 billion. However, the stock remains down 11 per cent for the year.

The MTA approved the purchase last month for over 300 new railcars, with deliveries scheduled to commence in 2029. This capital investment forms part of a broader nearly $11 billion programme to introduce almost 2,000 modern carriages across New York’s commuter railway network, aiming to renew the trains and enhance reliability.

The new railcars will be manufactured in New York State and will feature modern amenities such as USB charging ports and automatic bathroom doors to improve accessibility across the lines.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..