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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; 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Bengaluru suburban rail project gets Rs 1,513 crore coach order from ICF Chennai
2026-05-11 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The contract covers design, manufacturing, testing, commissioning and safety compliance, with officials saying the project will help ease Bengaluru’s traffic congestion and strengthen sustainable urban mobility.

The contract covers design, manufacturing, testing, commissioning and safety compliance, with officials saying the project will help ease Bengaluru’s traffic congestion and strengthen sustainable urban mobility. | Photo Credit: SUDHAKARA JAIN

The Bengaluru Suburban Transport Project received a major boost as Bi-RIDE on Monday said it had officially issued a work order to the ICF, Chennai.

The order is for the supply of 153 air-conditioned, broad-gauge, metro-type coaches for corridor-2 and corridor-4. The total value of the work order is Rs 1,513.75 crore, officials said.

The project, aimed at easing traffic congestion in the city, is expected to emerge as a reliable and sustainable transportation system for Bengaluru and its surrounding areas in the future, officials added.

According to a statement by Bi-RIDE, under the contract awarded on May 6, 2026, the Integral Coach Factory must commence supply of the coaches within 18 months.

This deadline has been set to enable the opening of the Chikkabanawara–Yeshwanthpur section of corridor-2 for public service on schedule.

Bi-RIDE (Bengaluru Integrated Rail Infrastructure Development Enterprise Limited) also said this aligns with the timeline directed by PM Modi during the PRAGATI review meeting held in December 2025.

An official MoU between the two organisations will be signed shortly.

The contract includes not only the manufacturing of the coaches but also detailed design, rolling stock production, quality inspection, integration, testing, and commissioning.

Integral Coach Factory has also been tasked with obtaining necessary statutory approvals from the Research Designs and Standards Organisation (RDSO), as well as coordinating with contractors handling signalling, traction, power supply, and platform screen doors.

Additionally, ICF will be responsible for meeting RAMS (Reliability, Availability, Maintainability, and Safety) standards required for the successful operation of the corridors, the statement said.

“This work order is a historic milestone for the Bengaluru Suburban Rail Project. Through this partnership with ICF, we are ensuring that the required coaches will be available by the time track and systems infrastructure work for corridors 2 and 4 is completed,” said Lakshman Singh, Managing Director, Bi-RIDE.

He added that this synchronisation would help deliver a world-class suburban rail network to Bengaluru without delay, fulfilling the vision of sustainable urban transport and easing the city’s traffic congestion.

Published on May 11, 2026