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Indian Railways reduces Vande Bharat orders, introduces 24-coach sets
The manufacturing will be handled by Kinet Railway Solutions, a joint venture between India’s RVNL, Russian engineering firm Metrowagonmash, and LES, with a 25:70:5 ownership ratio.Read more
Texmaco Rail reports 183% surge in Q1 net profit to Rs 357.3 million
In a strategic move, Texmaco Rail announced plans to acquire Jindal Rail Infrastructure for approximately Rs 6.15 billion.Read more
Indian Railways cancels tender for 100 Vande Bharat trains
Despite being the lowest bidder when the tender was opened on May 30, 2023, Alstom's bid did not meet the revised price expectations.Read more
BEML to expand Vande Bharat and metro trains; boost export revenue to 10%
The company is exploring potential markets in the Middle East, South America, and the ASEAN region.Read more
Indian to unveil first hydrogen train by year-end
The government plans to release 50 hydrogen trains by 2047.Read more
CG Power acquires majority stake in GG Tronics for Rs 3.19 billion
The collaboration will leverage CG Power’s manufacturing, engineering, and project management expertise alongside GGT’s specialised knowledge in railway transport safety and embedded systems, particularly the ‘KAVACH’ train collision avoidance system.Read more
Texmaco Rail acquires Jindal Rail Infra for Rs 6.15 billion
This acquisition, the largest in India’s rolling stock industry, will significantly enhance Texmaco’s manufacturing capacity, establishing it as the country's largest wagon producer.Read more
BEML to deliver all 10 Vande Bharat Sleepers by year-end; trial run by August
Although the initial plan aimed for these trains to be operational by March, technical delays pushed the timeline forward. Read more
Indian Railways to produce 10,000 Non-AC coaches by 2025-26
The expansion is part of IR’s strategy to enhance services and cater to rising demand.Read more
PLI railway push for local manufacturing of components for Vande Bharat & LHB
The PLI scheme is for a three-year period, with projected incentives of Rs 10-15 billion.Read more