Rail News

DATE

September 30 , 2021


Alstom India eyes over Rs 8,600 cr revenue in next fiscal

The Economic Times 
Sep 29, 2021 (India)

French mobility company Alstom is eyeing over 40 per cent growth in its revenue to 1 billion euro (about Rs 8,650 crore) from India operations in the next financial year 2022-23, up from expected around USD 700 million (about Rs 6,055 crore) in the current fiscal. "India is the fastest-growing market for Alstom, and we are the only multinational supplier in the country to deliver a broad portfolio of rail solutions for urban and mainline.

"In short, we grow when India grows. The demand for sustainable mobility solutions is increasing and this sector is bullish," Alain Spohr, managing director of Alstom India (NSE 2.14 %), told reporters here.

The company's expected turnover in the current financial year is about 650 million-700 million euros.

Source
https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/alstom-india-eyes-over-rs-8600-cr-revenue-in-next-fiscal/articleshow/86612199.cms

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