Private train project: IRCTC and MEIL submits bids

26 Jul 2021 CW Team

Indian Railways opens bids for a public-private partnership (PPP) in passenger train operations projects in three clusters, while Indian Railway Catering and Tourism Corporation (IRCTC) and Megha Engineering and Infrastructures (MEIL) participate in the bidding process.

Indian Railway Catering and Tourism Corporation (IRCTC) and Megha Engineering & Infrastructures (MEIL) have submitted their bids for Rs 7,200 crore for the Private Train Project in three clusters - Mumbai 2, Delhi 1, and Delhi 2 under the Government of India's passenger train operation projects in New Delhi.

The Ministry of Railway told the media that after multiple rounds of detailed discussion with industry players, the bids for PPP in passenger train operations project were opened on 23 July 2021. The Ministry has received bids from both the public and private sector to operate 29 pairs of trains with around 40 pairs of modern rakes with an investment of around Rs 7,200 crore.

Around 30 pairs of private train services will be operated in three clusters, and the project will attract investment of around Rs 7,200 crore. A total of Rs 30,000 crore investment will be done for running passenger trains, according to the plan.

The private players will be selected through a transparent two-stage competitive bidding process involving a request for qualification (RFQ) and a request for proposal (RFP) to carry out the Private Train Project.

According to the private train plan, Indian Railways expects to start private rail operations with 12 trains by March 2023, and it intends to launch 151 such services by 2027.

Image Source

Also read: Railways to roll out 10 Vande Bharat trains connecting 40 cities

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..