Alstom reduces offer price by $350 million for Bombardier’s rail unit
NEW DELHI :French transport infrastructure company Alstom has lowered its offer price to acquire Canadian Bombardier Inc’s rail business by $350 million, the companies said on Wednesday. Under the revised terms, the deal gives Bombardier’s rail unit an enterprise value of $8.4 billion, which would allow the Canadian firm to pay down some of its […]
Alstom bags Rs 700 crore contracts from Mumbai, Pune metros
MUMBAI: Rail transportation major Alstom has bagged Rs 700 crore contracts to the Mumbai and Pune metros, under which it will supply communication-based train control technology to three upcoming lines in the megapolis and two upcoming lines in second largest city in the state. The Rs 700-crore contracts include equipping the Mumbai metro lines 2A […]
Alstom successfully delivers last train for Sydney Metro
NEW DELHI: French company achieved a significant milestone by completing the last of the 22 Metropolis trains for Sydney Metro, currently being delivered on schedule from its Alstom’s Sricity facility in Andhra Pradesh. The flag-off ceremony at Sricity took place in the presence of Ling Fang, Alstom Senior Vice President Asia Pacific, Alain Spohr, Managing […]