Alstom-Indian Railways JV wins €107M maintenance contract
after close1 source ↓written by the desknot a recommendation
- contract
- €107 million
- at the Nagpur
- 250 WAG-12B locomotives
- at speeds
- 6,000-tonne loads
- speeds
- 120 kph
Alstom and Indian Railways secured a €107 million contract for a five-year maintenance agreement covering 250 WAG-12B locomotives at the Nagpur Depot. This renewal underscores Alstom's commitment to Indian Railways and its role in enhancing freight capacity while supporting green mobility goals. The locomotives can haul 6,000-tonne loads at speeds up to 120 kph.
The contract is expected to bolster operational efficiency and reliability in freight services, potentially impacting market sentiment positively for stakeholders in the rail and transportation sectors.
Not investment advice. For informational purposes only.