Indian Railways Cancels Tender for 100 Vande Bharat Trains Over High Bidding Price

• Indian Railways has cancelled its Rs 30,000-crore tender for 100 aluminium body Vande Bharat trains due to high bidding prices from Alstom India.
• Alstom India, the lowest bidder, quoted Rs 150.9 crore per train set, but the Railways wanted to cap it at Rs 140 crore.
• The cancellation allows Indian Railways to seek better prices and gives bidders more time to prepare manufacturing facilities.
• The next tender round will invite more players to ensure competitive pricing and timely production.
• Aluminium train sets are preferred for their lighter weight and energy efficiency compared to stainless steel.

Source: Moneycontrol