Alstom JV wins ₹1,150 crore contract for locomotive maintenance
pre-market1 source ↓written by the desknot a recommendation
- contract
- ₹1,150 crore
- at Nagpur Depot
- 250 WAG-12B electric locomotives
- valued
- 107 million euros
Alstom's joint venture with Indian Railways, Madhepura Electric Locomotive Private Limited, secured a ₹1,150 crore contract for a five-year maintenance service of 250 WAG-12B electric locomotives at Nagpur Depot. This contract, valued at 107 million euros, supports India's green mobility initiatives by ensuring efficient operation of these high-powered locomotives.
The deal is significant for traders as it enhances Alstom's presence in the Indian rail sector and aligns with government efforts to boost freight efficiency. 🚆
Not investment advice. For informational purposes only.