Russian-Indian electric train venture launches manufacturing unit ...News

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Russian-Indian electric train venture launches manufacturing unit
Transmashholding, Russia’s largest locomotive manufacturer, has won a $6.5 billion tender to produce train coaches for Indian Railways A Russian-Indian joint venture that secured a $6.5 billion deal to manufacture 120 electric trains for Indian Railways launched a production facility in Latur, Maharashtra on Tuesday.  Kinet Railway Solutions, a company formed by Transmashholding, Russia’s largest locomotive and rail equipment manufacturer, and Indian government-owned Rail Vikas Nigam Limited (RVNL), last year won a contract to manufacture 1,920 coaches and maintain them for 35 years.   The company’s bid won the te

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