INDIA’S congested cities are awarding new rail projects at a record rate, creating a boon for companies such as Siemens to Larsen & Toubro Ltd in a sector forecast to offer $5.8 billion worth of orders next year. India currently has about 300 km (186 miles) of operational metro track laid across seven cities in a country with an urban population of 400 million, a network that is smaller than the size of London’s Tube network which serves a city of nearly nine million. In a bid to boost public transport, Prime Minister Narendra Modi’s government last week said it…
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