Bharat Heavy Electricals Limited (BHEL) has entered the race for a mega ₹58,000 crore contract to manufacture and maintain as many as 200 Vande Bharat trains for the next 235 years.
The Vande Bharat Express (Image only for representation)
To this end, tbe central public sector undertaking has formed a consortium with Titagarh Wagons, a Kolkata-based railway wagon manufacturer. Also, with BHEL's entry, as many as five entities are in the fray to win the contract. The other four are: French railway major Alstom; Medha-Stadler (consortium between Switzerland's Stadler Rail, and Hyderabad-based Media Servo Dives); Germany's Siemens, and Bharat Earth Movers Limited (BEML); and Russia's Transmashholding which has partnered with an unnamed Indian firm.
Meanwhile, the ₹58,000 crore deal is divided into two parts: a ₹26,000 crore upfront payment on the delivery of the trains, while the rest ₹32,000 crore will be paid to the bid winner over a period of 35 years, for the maintenance of these trains.
The bids will open within the next forty-five days. According to the tender document, the winner will have twenty-four months to produce a prototype of the sleeper class of Vande Bharat trains; the Indian Railways is targeting to roll out the first Vande Bharat with a sleeper class by the first quarter of 2024. At present, these have only chair cars.
A semi-high-speed, electrical multiple unit (EMU) operated by the Railways, Vande Bharat began its journey in February 2019, when the first train – between New Delhi and Varanasi – was launched. Subsequently, services commenced on four other routes : New Delhi-Katra (October 2019), Mumbai Central- Gandhinagar (September 2022), New Delhi-Amb Andaura (October 2022), and Chennai Central-Mysuru (November 2022).
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/BHEL to bid for ₹58k crore contract for Vande Bharat trains
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe