TWL-BHEL fully Indian entity eyeing Rs 72,000 cr Vande Bharat contract
Titagarh Wagons Ltd (TWL) on Wednesday said the consortium it set up with Bharat Heavy Electricals Limited (BHEL) is the sole fully Indian entity among the five bidders for the Rs 72,000 crore Vande Bharat trains contract.
TWL, the engineering and wagon major, also said it has lined up Rs 700 crore capex over the next 4-5 years to ramp up its production capacity and related infrastructure.
The upcoming steel body facility at Uttarpara in West Bengal will strengthen TWL’s coach-building capabilities in both aluminium and steel bodies, a senior company official said.
“The company after forming a consortium with BHEL is one out of five bidders for Vande Bharat. We remain optimistic.
