Rail Vikas Nigam Revenue and Competitors

Rail Vikas Nigam Limited (RVNL), a CPSE under Ministry of Railways, was created with the twin objectives of raising extra-budgetary resources and implementation of projects relating to creation & augmentation of capacity of rail infrastructure on fast track basis. The Company, incorporated on 24.01.2003, became fully functional with the appointment of all Directors of Board by March 2005. The Company has been granted Mini-Ratna status on 19.09.2013. RVNL is implementing projects by awarding composite contracts on turnkey basis as per the international practices and standards. As on 31.03.2017, RVNL has completed 213.82 km of New Lines, 1590 km of Gauge Conversion, 2353.32 km of Doubling and 2837.07 km of Railway Electrification i.e. 6994.21 km of project length. In addition, five Workshop Projects and one cable stayed bridge have also been completed. These projects are being executed through 36 PIUs spread across the country. Besides Doubling and Gauge Conversion, RVNL has also diversified to: Railway Electrification Railway Workshops Metro Railways Technically challenging new Hill Railway lines, etc. RVNL, through PPP route, has established 6 Special Purpose Vehicles (SPVs). RVNL is also Equity Partner in an SPV with 12 Major Ports under Ministry of Shipping. RVNL has succeeded in attracting investment of Rs 6,139 crores. Out of the above, projects of Kutch Railway and Bharuch-Dahej Railway Companies are fully commissioned and 20 km of 113 km of Krishnapatnam Railway Company is commissioned (Venkatachalam-Krishnapatnam section). High Speed Rail Corporation of India Limited (HSRC), a fully owned subsidiary of RVNL, was incorporated in July 2012. RVNL/HSRC has been entrusted with conducting the feasibility studies for HSR corridors between Delhi-Amritsar, Delhi-Kolkata, Mumbai-Chennai, Delhi-Mumbai etc.