Alstom Power President Phillippe Joubert told reporters the Salt Lake facility would supply high-value engineering skills to projects executed not only in India, but also in North America and Europe. \n
Power company Alstom Projects India Ltd on Tuesday said it has received a binding offer from Areva for the purchase of its transmission & distribution (T&D) operations in India for a total consideration of 22.31 million euros.
A certain type of TGV, called V150, holds the world record for the highest speed on any national rail system. This record has been in place since April 2007.
French power equipment supplier Alstom said on Thursday it will expand its manufacturing facilities in India to meet the growing demand in thermal and hydro projects and is eyeing emerging opportunities in the nuclear power sector.
Alstom Power India Ltd said it signed a Euro 50 million (Rs 2500 million) contract with Jaiprakash Power Ventures Ltd, India.
Alstom is accused of paying bribes to Indian public officials to secure Delhi metro contracts.
France will extend its expertise to modernise Ambala and Ludhiana stations.
The redevelopment of stations is good news for construction companies.
Even if some of those projects remain on paper, the potential for manufacturers and engineering firms is too big to ignore
India and France on Friday signed 17 agreements, including on the stalled nuclear project in Jaitapur in Maharashtra, after Prime Minister Narendra Modi held wide-ranging talks with French President Francois Hollande.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
Presenting the Narendra Modi government's maiden Rail Budget, Railway Minister Sadananda Gowda announced setting up of logistic parks and private freight terminals on PPP model.
Vellore is one of the two seats that the DMK alliance won by the narrowest of margins in 2019. For the DMK's vote-score to be so low in a constituency with a substantial Muslim population has not missed the BJP strategists' eyes, observes N Sathiya Moorthy.
Mitsubishi, Itochu, Bombardier, Siemens, GE and Alstom want piece of action.
CRRC Pioneer Electric (India) Private Limited, whose bid for the project is a joint venture of the Chinese firm CRRC Corporation Ltd with a Gurugram-based company according to its website, is one of the six contenders for the tender for procuring propulsion systems or electric traction kits for 44 trains to function as the Vande Bharat Express or Train 18.
'Prime Minister Modi has initiated a host of reforms in the right direction, and I would like to see that continuing.'
Marking a breakthrough in the protracted talks in the French Rafale jet deal, Prime Minister Narendra Modi announced on Friday that India will purchase 36 of these fighter planes that are ready to fly, citing critical operational requirement of the Indian Air Force.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
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Despite being cheaper, the Chinese technology is not the preferred option.
Shortlisted bidders have been intimated
Using available government data, the team is targeting $30-40 billion worth of iron and steel products that are imported into India.
'Make in India' will be central to Mr Modi's visit to Europe and Canada. It is difficult to predict what will happen with the Rafale deal, but if it goes through, it will undoubtedly become the 'Mother' of all 'Make in India' projects,' says Claude Arpi.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
"I congratulate the people of Kochi on the proud moment," the PM said.
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Fare will be in the range of Rs 10 to around Rs 30-40
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
Sensex may remain under pressure this week due to weak global factors.
Over lunch with Jyoti Mukul, Banmali Agrawala, president and CEO, GE South Asia, discusses how GE is transforming itself into a digital industrial company.
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