+
TMH-RVNL sign agreement for Vande Bharat trains
RAILWAYS & METRO RAIL

TMH-RVNL sign agreement for Vande Bharat trains

The consortium partners from Russia's TMH Group and India's Rail Vikas Nigam Limited (RVNL), who submitted the lowest proposal for the sleeper design Vande Bharat trains, have reconciled their disputes. The Russian equipment supplier Locomotive Electronic Systems (LES) and TMH subsidiary Metrowagonmash have inked a share purchase agreement, according to a statement from RVNL to the boruses.

The senior government officials reportedly requested that RVNL and TMH settle their issues, according to sources in the newspaper's version published on Tuesday. This month, a development in the same field was anticipated.

The deal is for a share in Kinet Railway Solutions Limited, the company that would provide and maintain 120 Vande Bharat trains with sleeper bodies. The TMH-RVNL bid, at Rs 120 crore per train, was considerably less expensive than those of rival bidders BHEL-Titagarh (Rs 139.8 crore), Bharat Earth Movers Ltd (BEML) - Siemens (Rs 145 crore), Alstom Transport (Rs 164.52 crore), and Medha Servo Drives-Stadler Rail (Rs 165 crore).

The consortium partners from Russia's TMH Group and India's Rail Vikas Nigam Limited (RVNL), who submitted the lowest proposal for the sleeper design Vande Bharat trains, have reconciled their disputes. The Russian equipment supplier Locomotive Electronic Systems (LES) and TMH subsidiary Metrowagonmash have inked a share purchase agreement, according to a statement from RVNL to the boruses. The senior government officials reportedly requested that RVNL and TMH settle their issues, according to sources in the newspaper's version published on Tuesday. This month, a development in the same field was anticipated. The deal is for a share in Kinet Railway Solutions Limited, the company that would provide and maintain 120 Vande Bharat trains with sleeper bodies. The TMH-RVNL bid, at Rs 120 crore per train, was considerably less expensive than those of rival bidders BHEL-Titagarh (Rs 139.8 crore), Bharat Earth Movers Ltd (BEML) - Siemens (Rs 145 crore), Alstom Transport (Rs 164.52 crore), and Medha Servo Drives-Stadler Rail (Rs 165 crore).

Next Story
Real Estate

Omaxe to Develop 450-Acre Township in Indore’s Super Corridor

Omaxe has announced a major expansion in Madhya Pradesh with the acquisition of 450 acres along Indore’s Super Corridor for a modern integrated township. The company will invest Rs 12 billion in the multi-phase project, which is expected to generate Rs 25 billion in revenue over three years.  The development will include residential clusters, commercial and retail zones, schools, healthcare facilities, parks, and green mobility infrastructure. The township aims to support the region’s urban growth and rising infrastructure demand, especially with metro connectivity and major road..

Next Story
Infrastructure Energy

India’s First CBG Plant with Steel Pipeline Integration Launched

CEID Consultants and Engineering has successfully commissioned India’s first Compressed Biogas (CBG) plant integrated via a steel pipeline into a City Gas Distribution (CGD) network. Located in Batala, Gurdaspur (Punjab), the MEPL Bio-energy facility now directly supplies CBG into Gujarat Gas’ grid, eliminating the need for cylinder-based cascade transport and significantly lowering logistics costs. This breakthrough comes after CEID’s earlier deployment of MDPE pipeline offtake at the same plant. The steel pipeline marks a new industry benchmark, enabling continuous, real-time and ..

Next Story
Real Estate

Mittal Builders Plans Landmark Township to Transform Naigaon

Mittal Builders has unveiled a bold urban vision to transform Naigaon into a landmark micro-market in western Mumbai, with plans to unlock 6.5 million sq. ft. of development potential across a 70-acre land parcel. The long-term multi-phase plan has an estimated gross development value (GDV) of over Rs 80 billion. As part of this initiative, Mittal Builders has signed a joint development agreement with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq. ft. integrated township, comprising over 4,600 apartments and high-street retail. With a planned investment of Rs 20 billi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?