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At ₹4,140 cr, JV led by Siemens lowest bidder for bullet train signalling
The corridor is expected to begin with indigenous bullet trains
Dhruvaksh Saha New Delhi
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A joint venture (JV) of German major Siemens and Indian infrastructure player Dineshchandra R Agrawal Infracon (DRA Infra) has emerged the lowest bidder to provide signalling systems for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor – India's first 'bullet train'.
According to the government and industry sources in the know, the National High Speed Rail Corporation (NHSRC) -- the central government-owned special purpose vehicle responsible for the project -- opened financial bids from two bidders and declared Siemens-DRA's ₹4,140 crore to be the lowest.
The second lowest and the only other bid was made by a JV of French railway
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