Railways set to issue Rs25,000 cr tender- Selected Bidder to set up factory in Madhepura

The Indian Railways is getting ready to place a Rs25,000 crore order, its largest ever, for 1,000 electric locomotives that it will buy over eight years.
The company winning this order will also get to set a locomotive factory in Madhepura, Bihar, at a site provided by the railways, which will have a minority stake in this facility.

The order is likely to attract the interest of multinational firms such as General Electric Co., Bombardier Inc. and Siemens AG. Rajeev Jyoti, president and managing director of Bombardier Transportation India Ltd, said the firm would definitely bid for the tender for locomotives. Executives at GE India and Siemens India could not be reached for comment.