the tender panel found that the company’s bidding price of Rs 150.9 crore for each train was too high.

Indian Railways cancels tender for 100 Vande Bharat trains: In a major development, the Indian Railways reportedly cancelled its Rs 30,000-crore tender for the manufacturing and maintenance of 100 Vande Bharat trains to Alstom India, a report said. 

The cancellation of Indian Railways' Rs 30,000 crore tender for 100 Vande Bharat was confirmed by Alstom India MD Olivier Loison. As per the report in Moneycontrol, Loison said that while Indian Railways has cancelled the order, the company is all set to support the realisation of the vision in the future, if there is a need. 

Reportedly, the tender panel found that the company’s bidding price of Rs 150.9 crore for each train was too high. The panel also urged them to cap it at Rs 140 crore. 

The other bidder, a consortium comprising Swiss manufacturer Stadler Rail and Hyderabad-based Medha Servo Drives, made a bid of Rs 170 crore per train set.

The report further stated that an earlier contract to manufacture 200 Vande Bharat sleeper train sets was granted at Rs 120 per rake.