BHEL is reported to have evinced interest in setting up a greenfield project for manufacturing locomotives in India. It has already initiated talks with Alstom, Bombardier Transportation GmbH, Siemens and General Electric for forming a JV with an investment of Rs 1,000 crores with BHEL enjoying a 51% stake.
BHEL has decided to bid for the tender floated by Indian Railways to procure 660 electric locomotives, at an estimated cost of Rs 25,000 crore, apart from tying up with a foreign locomotive manufacturer to set up a factory in Madhepura in eastern Bihar.
The company already has a 50 engine capacity plant in Jhansi for manufature of diesel and electricity locomotives. They are also keenly looking at acquiring a Europe-based locomotive manufacturing firm.
BHEL has decided to bid for the tender floated by Indian Railways to procure 660 electric locomotives, at an estimated cost of Rs 25,000 crore, apart from tying up with a foreign locomotive manufacturer to set up a factory in Madhepura in eastern Bihar.
The company already has a 50 engine capacity plant in Jhansi for manufature of diesel and electricity locomotives. They are also keenly looking at acquiring a Europe-based locomotive manufacturing firm.
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