French railway major Alstom has emerged as the lowest bidder for manufacture and maintenance of 100 aluminium Vande Bharat train sets, valued at ₹30,000 crore, Business Standard has learnt.
The company, which is a major player in the Indian railway and urban transport sector, bid ₹150.99 crore as the cost to manufacture one trainset, followed by a consortium of Swiss rolling stock company Stadler Rail and India's Medha Servo, which quoted ₹169.9 crore to build one train set.
Technical bids for the tender were opened on February 23, with only these two players making the cut. According to estimates communicated by officials, the basic manufacturing cost would be paid upon delivery of the trainsets, while the remaining portion of close to ₹17,000 crore would be paid for maintenance for a period of 35 years.
This story is from the May 31, 2023 edition of Business Standard.
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This story is from the May 31, 2023 edition of Business Standard.
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