By siliconindia | Tuesday, 03 August 2021, 05:45 Hrs State-run Indian Railway Catering and Tourism Corporation (IRCTC) is holding a discussion with Bharat Heavy Electricals (BHEL) to enter into an alliance to run private trains. Both the public sector undertakings (PSUs) are actively considering forming a Special Purpose Vehicle (SPV) to operate passenger trains on the routes where IRCTC has put in bids. “BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements,” an official aware of the updates. He continued on to add that the business model of IRCTC has not been capital expenditure oriented. It has only created the ability to enhance operations.
Why Indian Railways Can No Longer Be Allowed To Keep Competition Out
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Olectra Greentech appoints KV Pradeep as MD - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Indian Railways. (Representative Image) (Pic Via PTI)
In a big boost for the Indian Railways plan to have private trains on its vast rail network in the country, it has received bids from IRCTC and Hyderabad-based infrastructure major Megha Engineering and Infrastructure Limited (MEIL) for operating a total of 29 pairs of trains,
Times of India.
The two companies have submitted the bids to operate 29 trains with 40 rakes under two clusters in Delhi and one cluster in Mumbai zones with an investment of Rs 7,200 crore.
The routes for which Indian Railways has received bids include Mumbai-Delhi, Delhi-Varanasi, Delhi-Rishikesh, Delhi-Sabarmati, Mumbai-Shirdi, Dadar-Ahmedabad, Mumbai-Indore and also Delhi-Kathgodam.
Private Train Project: IRCTC And Megha Engineering Compete For Three Clusters; Bidder Who Offers Higher Revenue-Sharing With Railways Likely To Bag Deal
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.