Alstom emerges as lowest bidder for 100 alluminium Vande Bharat trains

French railway major Alstom has emerged as the lowest bidder for manufacture and maintenance of 100 aluminium Vande Bharat trainsets, valued at Rs 30,000 crore, Business Standard has learnt.

The company, which is a major player in the Indian railway and urban transport sector, bid Rs 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 Rs 169.9 crore to build one trainset.

Technical bids for the tender were opened on February 23, with only these two players making it cut. According to estimates communicated by officials, the basic manufacturing cost would be paid upon delivery of the trainsets,