​​​
  1. France to modernise 2 stations, manufacture locos in Bihar

France to modernise 2 stations, manufacture locos in Bihar

France will help modernise Ambala and Ludhiana railway stations and its top company Alstom will manufacture 800 electric locomotives of horse power double than the existing ones in India, involving foreign investment of Rs 1300 crore, according to agreements signed here today.

By: | New Delhi | Updated: January 25, 2016 6:42 PM
Narendra modi, prime minister narendra modi, narendra modi news, narendra modi gift, narendra modi speech, narendra modi france, Francois Hollande, tree of life, narendra modi france visit, india news, modi foreign visit, world news, sacred tree

The two significant pacts, marking stepped up cooperation in the rail sector, were signed after talks between Prime Minister Narendra Modi and French President Francois Hollande.  (PTI)

France will help modernise Ambala and Ludhiana railway stations and its top company Alstom will manufacture 800 electric locomotives of horse power double than the existing ones in India, involving foreign investment of Rs 1300 crore, according to agreements signed here today.

The two significant pacts, marking stepped up cooperation in the rail sector, were signed after talks between Prime Minister Narendra Modi and French President Francois Hollande.

Alstom and Indian Railways signed a ‘shareholding agreement’ for production of 800 electric locomotives at Madhepura in Bihar.

As per the agreement, the Madhepura factory will produce 800 electric locomotives with horse power of 12,000 each over a period of 11 years. The existing strength of electric locomotives is 6,000 horse power (HP).

The project would involve foreign investment of Rs 1300 crore, considered to be substantial in rail sector.

Alstom will be responsible for setting of the factory, manufacturing of the locomotives as well as maintenance.

Railways had decided in November to award the contract to Alstom for Madhepura electric locomotive project.

Production of locomotives with 12,000 horse power would be a quantum leap over the existing 6000 HP locomotives used for freight operations.

Under another agreement, France will extend its expertise to modernise Ambala and Ludhiana stations.

An expert team from France will come and study these two stations and accordingly a roadmap will be concretised based on its report, said a senior Railway Ministry official.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top