Alstom plans a turnover of Rs 8,600 cr for the next financial year, Energy News, ET EnergyWorld

The French mobility company Alstom expects a growth of more than 40% of its turnover to 1 billion euros (around Rs 8,650 crore) from operations in India during the next fiscal year 2022-2023, against around 700 million US dollars (approximately Rs 6,055 crore) in current taxation. “India is the fastest growing market for Alstom, and we are the only multinational supplier in the country to offer a broad portfolio of rail solutions for mainline and urban areas.

“In short, we grow when India grows. The demand for sustainable mobility solutions is increasing and this sector is on the rise,” Alain Spohr, Managing Director of Alstom India, told reporters.

The expected turnover of the company for the current financial year is approximately 650 to 700 million euros.

He added: “Our goal is to reach 1 billion euros in turnover in India by next year (budget) … There is a bit of Alstom in every metro project in India.”

He also spoke about the company’s aggressive tendering for various projects in India. “Over the next few months, we will be submitting bids for nearly seven different projects (worth around € 1 billion), which include urban metro projects and components for Indian railways.”

He also said that the current localization level of all national projects in India is over 80%.

According to a company statement, by 2025, Alstom aims to achieve 85% localization on all national projects and increase the digitization of processes by 20%.

The company will accelerate its transition to maximum use of green and renewable energy in industrial operations, she said.

Alstom published its first India Impact Report on Wednesday in partnership with Ernst & Young. The report captures the socio-economic contributions and ESG (environment, social and governance) objectives of Alstom in India until the end of March 2021.

Alstom India purchases goods and services worth 331 million euros, 75% of which are manufactured with Indian suppliers. Overall, the company has invested locally 142 million euros or Rs 1,255.6 crore) over the past 5 years.

In addition, the company carried out 21 technology transfers across all Alstom sites, to suppliers and other partners.

In March 2021, Alstom had 7,634 direct employees in India. In addition, the company supported 71,340 indirect jobs and 27,770 induced jobs across the country.

Alstom is committed to limiting the environmental impact of its operations in India and around the world. As part of its green energy strategy, Alstom is also investing in the connection of renewable energy production systems at its sites, such as at the Sri City site, where one megawatt of solar energy production capacity has been built.

Source link

Leave A Reply

Your email address will not be published.