BHEL, Titagarh Rail Systems form JV for Vande Bharat maintenance

Bharat Heavy Electricals Ltd (BHEL) has entered into a Joint Venture Agreement with Titagarh Rail Systems Limited (TRSL) to form a Joint Venture Company (JVC). This JVC will focus on the comprehensive maintenance of supplied Vande Bharat Sleeper Trainsets for a period of 35 years. The JV will be a domestic entity with an equal 50:50 shareholding between BHEL and TRSL. The JVC will be incorporated as a Private Limited Company with an initial paid-up share capital of INR 50,00,000 and its registered office will be in Delhi. Each company will nominate two directors to the JVC's board. This collaboration aims to leverage the combined technical strengths of both companies to ensure the operational readiness, safety, and reliability of the trainsets throughout their service life.