Indian Railways

Indian Railways state enterprise India, in the operator managing 99% of the country's railway network.

History

2023: Transmashholding wins competition to produce 120 electric trains for $1.7 billion for Indian Railways

The Russian-Indian consortium Transmashholding won a tender for the production and supply of 120 passenger electric trains (1920 cars) in India. The transaction amount is $1.7 billion, and this is the largest foreign order in Russian railway engineering. More than him is only a contract with the Russian "Federal Passenger Company."

Under the terms of the tender, production is to be set up in India at Indian Railways' plants in Latura and Chennai, the winner will upgrade their production facilities and depots and receive a rolling stock maintenance contract for 35 years.

The Russian-Indian consortium was able to bypass competitors from India, Germany, France and Switzerland due to the fact that it offered the lowest price - 1.2 billion rupees ($14.5 million) per train. France's Alstom wanted 1.6 billion rupees and Swiss-Indian consortium Stadler-Medha wanted 1.7 billion rupees. Indians from Bharat Heavy Electricals (BHEL) and Titagarh Wagons listed the second lowest base price of Rs 1.4 billion and German-Indian Siemens-Bharat Earth Movers (BEML) requested Rs 1.45 billion for each train.