Indian Railways : Franchise Herald

Indian Railways

Indian Railways

GE and Alstom Win Contracts to Supply Locomotives in India's Railways, Combined Contracts Worth $5.6 Billion

General Electric (GE) announced in a press release that it has received a Letter of Award from the Ministry of Railways in India for a locomotive supply and maintenance contract. The company will be building a new factory and supplying Indian Railways with 1,000 diesel locomotives that are worth approximately $2.6 billion over 11 years. Anil Saxena, a spokesman for Indian Railways, told Reuters that France’s Alstom has also been picked to develop and supply 800 electric locomotives valued at $3 billion.

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