The Traderszone Network

Published in TZ Latest News 9 November, 2015 by The TZ Newswire Staff

GE, Alstom land $5.6 billion deals to supply Indian railway

General Electric (GE.N) and Alstom (ALSO.PA) have won contracts worth a combined $5.6 billion to supply India’s railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise. France’s Alstom has been picked to supply 800 electric locomotives and will also build a factory in the eastern state of Bihar, railways spokesman Anil Saxena told Reuters on Tuesday.

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