Railways to acquire new rolling stock worth Rs 3.14 trillion in FY24

300 Vande metros, 1000 8-coach Vande Bharats, hydrogen trains in the works

After a record budgetary allocation, the railways ministry has plans to acquire new rolling stock worth over Rs 3.14 trillion in the upcoming financial year, according to the national transporter’s annual rolling stock programme for 2023-24 (FY24).

This plan includes 300 Vande Metro trains, 1,000 eight-coach Vande Bharat trains, 35 hydrogen trains, and locomotives for freight augmentation in FY24, among other tentative items. Sources said priority assets to be procured in FY24 would cost close to Rs 1.9 trillion.

Though big-ticket items are expected to be brought out at a slower pace, production of some of them, such as Vande