MSL Secures Rs 1 bn contract for Vande Bharat trains component supply
16 Jun 2023
2 Min Read
CW Team
MSL, a subsidiary of the JCBL Group, has been awarded a significant contract valued at Rs 1 billion by the Indian Railways. The contract involves the manufacturing and installation of components for the Vande Bharat Express, with MSL currently in the process of fulfilling the order. Rishi Aggarwal, Managing Director of the JCBL Group, expressed delight at the railways' trust in MSL's capabilities to produce and deliver high-quality components. With the increasing number of Vande Bharat trains in operation, there is a pressing need for reliable components, and MSL is committed to leveraging cutting-edge technology and practices to ensure the delivery of top-notch parts. Aggarwal emphasised the importance of innovation in this collaboration and their dedication to making the Vande Bharat journey as efficient and dependable as possible.
Under the agreement, MSL will supply 8 front masks or nose cones valued at approximately Rs 240 million, 16 sets of interior panelling for toilets valued at around Rs 765.8 million, and 16 coaches per rake. The scope of work encompasses the development, supply, and installation of FRP interior panels for the roof, side walls, and partitions, along with toilets, doors, accessories, roller blinds, and other essential equipment. This partnership between MSL and the Indian Railways aims to enhance the structural integrity and build quality of the premium Vande Bharat Express.
MSL's production units are working at full capacity, and the delivery is expected to be completed within the current financial year at the Integral Coach Factory (ICF) in Chennai. With its wide-ranging portfolio of durable and high-quality products, as well as a commitment to technological innovation, MSL's involvement in this project could open up new opportunities in the country's mobility sector. The MSL management emphasises its customer-centric culture, with a focus on technological innovation and sustainability, which aligns with their long-term vision.
MSL, a subsidiary of the JCBL Group, has been awarded a significant contract valued at Rs 1 billion by the Indian Railways. The contract involves the manufacturing and installation of components for the Vande Bharat Express, with MSL currently in the process of fulfilling the order. Rishi Aggarwal, Managing Director of the JCBL Group, expressed delight at the railways' trust in MSL's capabilities to produce and deliver high-quality components. With the increasing number of Vande Bharat trains in operation, there is a pressing need for reliable components, and MSL is committed to leveraging cutting-edge technology and practices to ensure the delivery of top-notch parts. Aggarwal emphasised the importance of innovation in this collaboration and their dedication to making the Vande Bharat journey as efficient and dependable as possible.Under the agreement, MSL will supply 8 front masks or nose cones valued at approximately Rs 240 million, 16 sets of interior panelling for toilets valued at around Rs 765.8 million, and 16 coaches per rake. The scope of work encompasses the development, supply, and installation of FRP interior panels for the roof, side walls, and partitions, along with toilets, doors, accessories, roller blinds, and other essential equipment. This partnership between MSL and the Indian Railways aims to enhance the structural integrity and build quality of the premium Vande Bharat Express.MSL's production units are working at full capacity, and the delivery is expected to be completed within the current financial year at the Integral Coach Factory (ICF) in Chennai. With its wide-ranging portfolio of durable and high-quality products, as well as a commitment to technological innovation, MSL's involvement in this project could open up new opportunities in the country's mobility sector. The MSL management emphasises its customer-centric culture, with a focus on technological innovation and sustainability, which aligns with their long-term vision.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
