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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..