Alstom Transport India, a wholly owned arm of French parent, Alstom, will buy the transportation system unit from its subsidiary, Alstom India, for Rs 176.9 crore.
Alstom India is engaged in the power and transport business, where Alstom Transport India largely covers traction, signalling and control systems for railways, particularly metro projects.
Alstom Group is involved in power generation and transmission besides rail infrastructure. The company builds fast trains and high capacity automated metro and provides power plant solutions for energy sources like hydro, nuclear, gas, coal and wind.
Recently, Alstom T&D India sold a property in Bangalore to Tata Housing for Rs 120 crore.