This new line is expected to open in December 2016 and will be 59 km long and includes 38 stations. It is part of the Delhi Metro Phase III project to extend the metro network from 6 to 8 lines.
Alstom today said it has bagged a contract worth Euro 25 million (approximately Rs 177 crore) from Delhi Metro Rail Corporation. "Alstom has been awarded a contract worth Euro 25 million by Delhi Metro Rail Corp to provide track work on the new line 7 of Delhi Metro by the end of 2016," the company said in a statement.
This new line is expected to open in December 2016 and will be 59 km long and includes 38 stations. It is part of the Delhi Metro Phase III project to extend the metro network from 6 to 8 lines. With the two new lines expected to open in early 2017, the number of commuters is projected to go up from 3 million currently to about 4 million.
Alstom is in charge of the supply, installation, testing and commissioning of 30 km of concrete and ballast tracks. The concrete track is for the elevated and underground sections from Lajpat Nagar to Shiv Vihar stations, while the ballast track is for the depot.
ALSTOM India stock price
On February 13, 2015, ALSTOM India closed at Rs 723.35, down Rs 3, or 0.41 percent. The 52-week high of the share was Rs 749.00 and the 52-week low was Rs 307.00.
The company's trailing 12-month (TTM) EPS was at Rs 44.56 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 16.23. The latest book value of the company is Rs 138.39 per share. At current value, the price-to-book value of the company is 5.23.
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