Power equipment major Alstom said the company's joint venture plant with Bharat Forge in Mundra to make steam turbines and sub-critical equipment for power plants will be commissioned by the end of 2013.
The company is planning a 5,000 MW plant in Mundra. Patrick Kron, global chief executive officer and chairman said Indian subsidiary plays an increasingly important role in Alstom's global operations with a third of the equipment manufactured in India is meant for the overseas markets. The company is investing €100 million in Mundra plant.
"Post 2008 crisis, we have seen a shift in demand. Two third of the orders are now coming from emerging markets," said Kron. India accounts for 5% of Alstom's revenue.
Kron said Alstom looks forward to participate in projects such as phase III of Delhi Metro. The company's strong portfolio in hydro power helped it slowdown in order from coal power companies.