Kinet Railway Solutions, a joint venture between the prominent Russian rolling stock manufacturer TMH and Rail Vikas Nigam Limited (RVNL), has received an ‘A’ rating from Infomerics Ratings. This rating shows Kinet’s financial strength and highlights the importance of this major project.
About Kinet Railways Solution
Kinet Railway Solutions is undertaking an initiative to commence the production of Vande Bharat Sleeper trains at the Marathwada Rail Coach Factory in Latur, operated by Indian Railways.
The project aims to manufacture a total of 120 Vande Sleeper trainsets, comprising 1,920 coaches, under a contract valued at approximately USD 6.5 billion.
Kinet Railway Solutions Limited is set to unveil the prototype of the Vande Bharat Sleeper train in FY27. The company is expecting that the prototype train will be ready by June 2026.
The company has equipped the Marathwada Rail Coach Factory in Latur with advanced tools and technology to facilitate the production of the upcoming Vande Bharat Sleeper trains. Following the deployment of these trains, Kinet will oversee their service and maintenance at three designated depots for 35 years.
Official Statement from Kinet Railways Solution
In a statement, the company said, “Kinet gets an A! A strong credit rating for a bold vision. We’re proud to announce that Infomerics Ratings has assigned Kinet a long-term credit rating of IVR A/Stable. This rating isn’t just about numbers – it’s a recognition of Kinet’s financial strength and the national significance of our mission.”
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