New Delhi, March 5 -- The National High-Speed Rail Corporation Limited (NHSRCL) has officially rejected claims regarding the financial status of the Mumbai-Ahmedabad Bullet Train project, stating, "The commentary circulating on the Mumbai-Ahmedabad High Speed Rail Project relies largely on conjecture and selective interpretation rather than verified facts. Several of the claims made are factually wrong."

The corporation clarified that "updated project cost estimates are comparable to global benchmarks" and explained that "the initial estimate was prepared at a preliminary stage nearly a decade ago. As is standard practice in major infrastructure projects worldwide, costs are refined once detailed design, engineering, land acquisition and...