Rail Vikas Nigam

Rail Vikas Nigam Limited is an organisation associated with Indian Railways whose task is to build engineering works required by Indian Railways.

Rail Vikas Nigam
Public Sector Undertaking
Traded asNSE: RVNL
BSE: 542649
IndustryRailway infrastructure
Founded2003
Headquarters
New Delhi
,
India
Area served
India
Key people
Revenue₹10,060.07 crore (US$1.4 billion) (2019) [1]
₹810.30 crore (US$110 million) (2019)[1]
₹606.59 crore (US$85 million) (2019)[1]
Total assets₹11,403.17 crore (US$1.6 billion) (2019)[1]
Total equity₹2,714.75 crore (US$380 million) (2019)[1]
OwnerGovernment of India (87.84%)
Number of employees
545 (March 2019)
SubsidiariesHigh Speed Rail Corporation of India Limited
Websitervnl

Background

Indian Railway network particularly High Density Network, which connects the four Metro Cities of Delhi, Kolkata, Chennai and Mumbai including the diagonals is over saturated. Challenges of higher economic growth require leap forward capacity development strategy on Indian Railways. Paradigms of such a strategy required a shift from dependence on purely budgetary sources and internal surplus of Railways to mobilization of non-budgetary financial resources from private sector, banks, financial institutions, multilateral and bilateral agencies through a mix of equity and debt. The financial resources available from the traditional sources were found to be grossly inadequate to meet the requirement. The Ministry of Railways, therefore, had been considering various innovative methods of project distribution and creation of assets. Another paradigm shift required was to change from project mode of planning to programme mode to be implemented in a time bound manner. It was felt that the Railways instead of becoming the bottleneck in economic growth of the country should spur economic growth by development of capacity ahead of demand. It required fast track implementation of projects adopting established practice of financial closure and use of modern project management techniques. For this, adequate and uninterrupted flow of funds is a prime requirement. It also required mechanization of construction involving large number of construction machines and equipments of varied nature and skill sets of altogether different kind. Creation of Rail Vikas Nigam Limited is an outcome of the above thought process and policy initiative.

Projects

Completed projects

[2]

Ongoing projects
  • Kolkata Metro Line 3
  • Diyodar-Dhanakwara-Jasali double line project
  • Yavatmal-Nanded New line
  • Lucknow – Pilibhit Via Sitapur, Lakhimpur Gc[3]

Wagon Periodic Overhauling Workshop, Visakhapatnam,Andhra Pardesh

  • Gudur - Bitragunta 3rd Line Project

See also
  • High Speed Rail Corporation of India

References
  1. "Balance Sheet 31.03.2019".
  2. "Rail Vikas Nigam Limited - RVNL | Indian Railway Corporate Site". pnr.meramaal.
  3. "LUCKNOW- PILIBHIT VIA SITAPUR, LAKHIMPUR GC". rvnl.org.



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