+
Indian-Russian JV Contract for 120 Vande Bharat Trains
RAILWAYS & METRO RAIL

Indian-Russian JV Contract for 120 Vande Bharat Trains

For the production of 120 Vande Bharat trains with sleeper coaches, the Indian Railways has awarded a letter of award to JSC Metrovagonmash-Mytischi (TMH), a Russian firm with experience in the production of railroad rolling stock. The Russian business and Rail Vikas Nigam Ltd, a public sector organisation in India, are partners in a joint venture (RVNL).

With a price of $14.6 million per train, the joint venture won the tender procedure as the lowest bidder. The coaches would be produced in Latur, in the Indian state of Maharashtra, according to media reports on the joint Russian-Indian business.

According to the Railways, TMH-order RVNL's could be increased to 200. The second-lowest bidder was informed by the Indian Railways that it was prepared to make an offer to produce 80 trains for them if they could match the India-Russian venture's bid price.

An Indian joint venture between Titagarh Wagons and the public sector company Bharat Heavy Electricals Ltd (BHEL) was the second-lowest bidder. The offer from the Titagarh-BHEL cooperation was around $17 million per train.

For the production of 120 Vande Bharat trains with sleeper coaches, the Indian Railways has awarded a letter of award to JSC Metrovagonmash-Mytischi (TMH), a Russian firm with experience in the production of railroad rolling stock. The Russian business and Rail Vikas Nigam Ltd, a public sector organisation in India, are partners in a joint venture (RVNL). With a price of $14.6 million per train, the joint venture won the tender procedure as the lowest bidder. The coaches would be produced in Latur, in the Indian state of Maharashtra, according to media reports on the joint Russian-Indian business. According to the Railways, TMH-order RVNL's could be increased to 200. The second-lowest bidder was informed by the Indian Railways that it was prepared to make an offer to produce 80 trains for them if they could match the India-Russian venture's bid price. An Indian joint venture between Titagarh Wagons and the public sector company Bharat Heavy Electricals Ltd (BHEL) was the second-lowest bidder. The offer from the Titagarh-BHEL cooperation was around $17 million per train.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?