Home / Business and Economy / BHEL and Titagarh Forge JV for Vande Bharat Care
BHEL and Titagarh Forge JV for Vande Bharat Care
15 Sep
Summary
- BHEL and Titagarh formed a 50-50 joint venture.
- The JV will maintain Vande Bharat sleeper trains for 35 years.
- The new company aims to ensure train operational readiness and reliability.
State-owned Bharat Heavy Electricals Ltd (BHEL) and Titagarh Rail Systems Ltd (TRSL) have officially formed a joint venture, agreeing to a comprehensive 35-year maintenance plan for Vande Bharat sleeper train sets. Each company will hold an equal 50% stake in this newly incorporated private limited company.
The joint venture's primary objective is to ensure the ongoing operational readiness, safety, and reliability of the Vande Bharat sleeper trains throughout their entire three-and-a-half-decade service life. This strategic alliance leverages the combined technical capabilities of both BHEL and TRSL.
With an initial paid-up share capital of ₹50 lakh, the joint venture is set to be registered in Delhi. Both BHEL and TRSL will each appoint two directors to govern the JV's board, signifying a balanced approach to management and oversight.
