Aboutme.SubinFinance – GE, Alstom Gets $5.6 Billion Deal

General Electric and Alstom 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. The total value of the contract and the new factory is about 200 billion rupees ($3 billion), he said.

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