Railways Cancels Rs.300 Bn Vande Bharat Tender After Failed Talks

21 Aug 2024 CW Team

Indian Railways has cancelled its ?300 billion tender for the Vande Bharat train project, following unsuccessful negotiations with bidders. The decision comes as a significant setback for the ambitious plan to enhance the country?s high-speed rail network with modern, efficient trains.

The Vande Bharat project was aimed at introducing state-of-the-art trains to improve passenger comfort and operational efficiency. The tender, which was valued at ?30,000 crore, sought to procure advanced train sets for the railway network. However, the negotiations with potential suppliers failed to reach a satisfactory agreement, prompting the railways to cancel the process.

The cancellation reflects the challenges faced in securing agreements that meet both financial and technical requirements. Indian Railways had hoped to boost its capabilities with these high-speed trains, which are designed to offer a more comfortable and faster travel experience.

With the tender now void, the Indian Railways will need to reassess its approach to the Vande Bharat project. This may involve revising the project specifications, budget, or procurement strategy to ensure that future attempts are successful.

The setback highlights the complexities involved in large-scale infrastructure projects and the importance of securing feasible agreements to achieve project goals. The railways' decision to cancel the tender will likely lead to a reassessment of the project?s timeline and implementation strategy.

Overall, the cancellation of the ?300 billion Vande Bharat tender marks a significant development in India?s rail infrastructure plans, necessitating a reevaluation of the project to ensure its successful execution in the future.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..