Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsBusiness

BHEL among 5 bidders for Rs 58,000 crore deal to manufacture, maintain 200 Vande Bharat trains

After four years of intensive work and planning, country's first and the second Vande Bharat trains as electric multiple units at semi-high speed, were flagged off by Prime Minister Narendra Modi in 2019 on the New Delhi-Varanasi and New Delhi-Katra in J&K routes.

December 01, 2022 / 03:50 PM IST

State-run Bharat Heavy Electricals Ltd (BHEL) has formed a consortium with Titagarh Wagons and is among five entities which have bid for the mega Rs 58,000 crore contract to manufacture 200 Vande Bharat trains and maintaining them for the next 35 years.

Other players in the fray include French railway major Alstom; Medha-Stadler consortium between Swiss railway rolling stock manufacturer Stadler Rail and Hyderabad-based Media Servo Drives; Siemens along with BEML, and Russian rolling stock manufacturer Transmashholding (TMH) along with an Indian firm.

Officials said while Rs 26,000 crore is the upfront payment on the delivery of the trains, Rs 32,000 crore will be paid to the winning bidder over a period of 35 years for the maintenance of these trains.

The Indian Railways is now evaluating technical bids for the contract. The financial bids will be opened in the next 45 days.