The Hindu Business Line : Alstom bullish on India

MR PHILIPPE JOUBERT, President, Alstom Power, with Mr Sunand Sharma, Country President, Alstom India Projects Ltd, at a press conference in the Capital on Thursday. — Kamal Narang

New Delhi , Oct. 26

The global power generation and rail infrastructure company, Alstom, is optimistic about the potential of the Indian market.

The President, Alstom Power, Mr Philippe Joubert, told newspersons that the company has identified India as one of the key markets for hydro-power development.

"It is unlikely that we will look to start a project from scratch. However, we would look to expand the existing facilities," Mr Joubert said, while declining to specify the quantum of investment being planned by the company.

New services

While the company's Vadodara hydro capacity is one of the worlds three hydro-power manufacturing facilities, it has decided to enhance its global engineering technology business.

In addition to the six existing engineering centres, the soon-to-be-launched centre at Kolkata will offer design and engineering services for the company's air pollution control systems business on a global scale.

Alstom, which has a tie-up with State-run Bharat Heavy Electricals Limited for supercritical boilers, would look at job sharing for the project.

Alstom has order book of Rs 2,100 crore and expects revenues of Rs 1,000 crore this fiscal.