By siliconindia | Tuesday, 03 August 2021, 05:45 Hrs State-run Indian Railway Catering and Tourism Corporation (IRCTC) is holding a discussion with Bharat Heavy Electricals (BHEL) to enter into an alliance to run private trains. Both the public sector undertakings (PSUs) are actively considering forming a Special Purpose Vehicle (SPV) to operate passenger trains on the routes where IRCTC has put in bids. “BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements,” an official aware of the updates. He continued on to add that the business model of IRCTC has not been capital expenditure oriented. It has only created the ability to enhance operations.