Home / Companies / News /  Alstom India plans to bid for 7 projects worth over €1 bn
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NEW DELHI : Alstom India will bid for as many as seven major projects worth a combined more than €1 billion ($1.16 billion) by October-end for providing rolling stock, signalling, and infrastructure solutions for the metro rail systems in Delhi, Chennai, and Kolkata, Alain Spohr, managing director of Alstom India, said on Wednesday.

“In the next couple of months, we are submitting bids for almost seven different projects, which include urban metro projects and components for Indian Railways," Spohr said in a media briefing. “We would be very happy to offer a tailor-made solution inspired by TGV (high-speed train) for high-speed passenger trains best suited for the Indian market," he added.

The Indian arm of the French manufacturing company, which had an order backlog of about €4.1 billion at the end of 31 March 2021, hopes to achieve revenue of €1 billion by FY23, up from about €650-700 million it expects this financial year, Spohr added.

Alstom India is currently involved with metro projects in several cities such as Mumbai, Chennai, Kochi, and Lucknow, where it supplies rolling stock from its Andhra Pradesh facility. The company also provides rolling stock for rail projects in Montreal and Sydney. It is also executing signalling and power supply systems for a 343 kilometre section of the World Bank-funded Eastern Dedicated Freight Corridor. Alstom’s electric locomotive factory at Madhepura in Bihar, a joint venture with Indian Railways, manufactures and supplies high horse-power locomotives to the public sector enterprise.

Among other things, Alstom India in July began manufacturing 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 won the contract to design, build, and deliver 210 regional commuter and transit train cars along with comprehensive maintenance services for 15 years in 2020.

“India is the fastest growing market for Alstom, and we are the only multinational supplier in the country to deliver a broad portfolio of rail solutions for urban and mainline. In short, we grow when India grows," Spohr said. “The demand for sustainable mobility solutions is increasing and this sector is bullish," he added.

Meanwhile, Alstom has contributed €438 million in “indirect and induced GDP" to India’s economy, the company said, quoting an EY report released on Wednesday. The company has supported in creating over 161,000 direct, indirect, and induced jobs (7,634 direct employees, 71,340 indirect employees, and 27,770 induced jobs) and aims to increase female employees in its workforce to 28% by 2025, it said.

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