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The latest announcement is out from Alstom SA ( (FR:ALO) ).
Alstom has been commissioned by Larsen & Toubro Limited to supply 234 Metropolis metro cars and a CBTC signalling system for Mumbai Metro Line 4, along with five years of maintenance services. This project, valued at several hundred million euros, will enhance Mumbai’s metro infrastructure, reduce traffic congestion, and lower CO2 emissions. The trains will be manufactured in India under the ‘Make in India’ initiative, and the project is expected to significantly contribute to the city’s public transportation network, offering improved connectivity and service reliability.
The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR25.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.
More about Alstom SA
Alstom is a global leader in smart and sustainable mobility, specializing in mass transit solutions including trains and signalling systems. The company is recognized for its expertise in Communications Based Train Control (CBTC) technology and has a significant presence in the metro market worldwide, including in India where it has equipped numerous metro lines with its advanced signalling solutions.
Average Trading Volume: 1,197,225
Technical Sentiment Signal: Buy
Current Market Cap: €9.9B
Find detailed analytics on ALO stock on TipRanks’ Stock Analysis page.