Various multinational companies, including Alstom and General Electric, have submitted bids to Indian Railways to buy stakes in three locomotive factories in India.
The state-owned rail operator is expected to pick up a 26% stake in the joint ventures by offering land, while the private partner will take a 74% stake.
Bombardier Traction and Siemens join Alstom and GE in bidding for the INR12,930m ($286.6m) electric locomotive unit at Madhepura in Bihar, the process is expected to close in October this year.
Electro-Motive Diesel and GE are bidding for the INR 13,000m ($2.8bn) diesel locomotive unit at Marhowrah in Bihar, which will be awarded by the year's end.
The operator will award the bid by January next year for the electric multiple unit at Kanchrapara in Bengal, worth INR15,000m ($3.3bn).
Companies involved in the bidding include Alstom, Siemens, Bombardier, France's CAF and Korea's Hyundai Rotem along with Jindals and Hitachi joint venture, Kawasaki Heavy Industries in collaboration with Texmaco and ABB in collaboration with Stadler and TWL.
The rail operator is also finalising the bid documents for a fourth engine manufacturing factory at Sankrail in south Bengal, according to telegraphindia.com.
The Sankrail factory is expected to be split into two phases while the state-run Rail Vikas Nigam will set up the plant in the first phase, while bidding will take place for the second phase.