RVNL JV emerges Lowest Bidder for supply of 200 Vande Bharat Trainsets

Rail Vikas Nigam has emerged as the Lowest Bidder (L1) for the Manufacturing and Maintenance of Vande Bharat Trainsets, including the Upgradation of Government Manufacturing Units and Trainset Depots in collaboration with the following JV Partners:

1. M/s. Joint Stock Company Metrowagonmash-70% M/s. Joint Stock Company Locomotive Electronic System-5%
   Rail Vikas Nigam -25%
   According to the financial opening date of 01.03.2023, the JSC Metrowagonmash-Mytischi-RVNL (JV) has been declared L-1. The total number of trainsets is 200, and the cost per set is Rs. 120 crore.