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Bombardier wins Indian rail deal

Reuters
7:19 AM, E.T. | September 6, 2011
Industrials
Tags: Bombardier
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Bombardier Inc.'s (BBD.B-T) train unit said it has received an order for 76 metro cars worth about $120 million US from India's Delhi Metro Rail Corp., adding to its 114-vehicle contract announced last year.

Delivery will start in the third quarter of 2012 and likely end in early 2013, Bombardier Transportation said in a statement on Monday.

With the new order, Delhi Metro will be operating a fleet of 614 MOVIA metro cars -- manufactured at the Canada-based company's industrial site in the western Indian state of Gujrat.

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