Railways Cancels 100 Vande Bharat Train Tender Citing Alstom India's 'High' Bid

The Indian Railways has cancelled its Rs 30,000-crore tender for manufacturing and maintenance

Olivier Loison, Managing Director, Alstom India, told Moneycontrol

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Indian Railways has cancelled the tender. However, with our strong local knowledge and investments in industrial

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Loison said: we are well-positioned and committed to support the realisation of this vision

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According to railway officials, the tender panel found the French multinational company’s

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bidding price of Rs 150.9 crore per train set to be too high and urged it to cap it at Rs 140 crore.

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Alstom India wanted to seal the deal at around Rs 145 crore per train set.

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The French company had emerged as the lowest bidder for the Rs 30,000-crore tender

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The firm had made a bid of Rs 150.9 crore per train set and was looking to manufacture

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the Indian Railways and the company failed to arrive at a final price point.

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Thank You for Watching

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