The next lowest financial bidder is the consortium of BHEL-Titagarh Wagons.
The Indian Railways had invited bids to roll out 200 Vande Bharat sleeper trains.
As per the tender conditions, the second lowest bidder can make 80 trains at the price quoted by the lowest bidder.
It is learnt TMH-RVNL will roll out the train sets at Latur plant.
At an analyst meeting, RVNL's Director, Operations, Rajesh Prasad had said the company had bid for trainsets and the approximate cost is around Rs 55,000 crore plus.
However, concerns are being raised about the winning bidders.
"The emergence of Russia's Tranmashholding (TMH RVNL) as the lowest financial bidder for 200 Vande Bharat trains and the consortium of BHEL and Titagarh Wagons as the second lowest bidder presents a challenge for the timely production of the Vande Bharat trains," Sudhanshu Mani, Retired General Manager of Integral Coach Factory and the father of Vande Bharat train, told IANS.
"Although the quoted rates appear to be very aggressive, it may be so due to TMH's desperate quest to enter the Indian market through the order for 120 trains at Latur. They have no footprint in India and it will not be an easy task for them to deliver these trains in time," he added.
"It would also be interesting to see if BHEL Titagarh accepts this L1 price for 80 trains in ICF. It surely is a dampener for competent manufacturers like Alstom (EPA: ALSO ), Siemens (NS: SIEM ) and Stadler and some uncertainity for this ambitious project," Mani said.
Attempts to reach out to top RVNL officials by IANS for comments went in vain.
The bids were opened on Wednesday.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.