Titagarh Wagons-BHEL consortium inks ₹24,000 cr contract with Indian railways
Titagarh Rail Systems Ltd (TRSL), formerly known as Titagarh Wagons, and Bharat Heavy Electricals Ltd (BHEL) consortium has bagged order worth ₹24,000 crore to manufacture and supply 80 Vande Bharat sleeper trains for Indian Railways. Both the companies will haveto manufacture fully assembled trains by 2029, and maintain them for 35 years.
The facilities of the Indian Railway in Chennai will be utilised for the Vande Bharat sleeper trains’ final assembly, testing, and commissioning. Each train will have 16 coaches, with a total capacity of more than 880 passengers. The trains will be capable of operating at speeds of up to 160 km/h (kmph).
According to the company’s exchange filing, this is the first time Indian Railways has given a contract of this size to an Indian consortium for the design, production, and maintenance of full train sets over a 35-year period.
The company also claimed in an exchange filing that the Vande Bharat trains represent a significant development for Indian Railways under the Make in India strategy put out by the Government. The BHEL-TRSL consortium was the only AatmaNirbhar consortium that participated in the tender process, subsequently being awarded the project.
“We are committed to becoming a modest contributor to the Prime Minister’s AatmaNirbhar vision. Vande Bharat trains have revolutionised the way we travel, and we are proud to be a part of the Government’s Make in India initiative. Our focus on adopting the latest technology to boost our engineering prowess will help us build state-of the art railway trainsets, at par with global standards.
The order shall be executed over a span of six years, wherein the first prototype shall be delivered within a two-year time frame, after which the remaining deliveries will take place,” said Umesh Chowdhary, Vice Chairman & Managing Director of Titagarh Rail Systems.
Today, shares of Titagarh Wagons closed flat at ₹416.20 apiece on BSE, and shares of BHEL ended 0.82% higher at ₹84.47 apice.
Also Read: Titagarh Wagons to raise ₹288 cr via preferential allotment
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Updated: 15 Jun 2023, 05:56 PM IST
