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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Alstom | EU:ALO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.38 | -2.49% | 14.875 | 14.74 | 15.00 | 15.39 | 14.74 | 15.15 | 1,976,678 | 16:40:00 |
From May 2019 to May 2024
NEW DELHI—India's Railway Ministry said Alstom SA has won a $3 billion contract to supply the country's state-owned railroad company with electric locomotives, the second such multibillion-dollar deal announced this week.
The French maker of subway cars and trains will supply 800 locomotives over a period of 11 years to Indian Railways, according to the ministry. General Electric Co. announced on Monday a similar deal to supply 1,000 diesel locomotives.
Alstom will set up a joint venture to manufacture the locomotives with Indian Railways in which Alstom will own 74%, according to the ministry, the same arrangement as with GE.
"These are the largest deals in a century in India in the railway sector," said Amitabh Kant, who oversees the Indian government's efforts to boost its manufacturing sector.
Write to Niharika Mandhana at niharika.mandhana@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 10, 2015 04:15 ET (09:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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