Rail Vikas Nigam
Rail Vikas Nigam Limited is under the ownership of Indian Railways, Ministry of Railways, Government of India involved in building rail infrastructure required by the railways. It is an offshoot of the implementation of National Rail Vikas Yojana (NRVY) announced from the ramparts of Red Fort by the then Prime Minister, Sh Atal Behari Vajpayee, during the Independence Day speech on 15 August 2002. NRVY was formally launched by the Hon’ble PM on 26 December 2002 to bridge rail infrastructure deficit. RVNL came into being on 24 January 2003 as a 100% owned PSU of the Ministry  of Railway. It became fully functional by March 2005. RVNL has been granted the Mini-Ratna-1 status on 19 September 2013. RVNL anthem. Illustrating the 3 pillars of RVNL - Quality, Speed & Transparency, and the focus of the organisation to provide the Indian Railways and the country modern infrastructure, the Anthem instills the pride in its members for it being the representative of Progress. Completed projects. The list of 16 projects completed in 2019-20 is as under: The list of all completed projects is as under: Projects Under Implementation. These are projects under various stages of implementation by RVNL: The  list of 10 projects assigned to RVNL in 2019-20 and under execution is as under: Special Purpose Vehicles. Kutch Railway Company Ltd. RVNL owns 50% equity in this project. The project length is 301 km and is for gauge conversion of Palanpur-Gandhidham section. Currently RVNL is doubling Samakhiali-Palanpur (248 km) anticipating increased traffic flow from Mundra and Deendayal Ports. Bharuch Dahej Railway Co Ltd. RVNL is the largest stakeholder in this SPV with 35.46% equity. The project length is 63km and is for gauge conversion. The turnover in the year 2019-20 was Rs 28.40cr. Krishnapatnam  Railway Co Ltd. RVNL is the largest stakeholder in this SPV with 49.76% equity. The project length is 113.2 km and is for construction of new line from Obulaparivalli to Krishnapatnam port. Complete connectivity was provided in June 2019. Turnover in 2019-20 was Rs 202.29 cr. Haridaspur Paradip Railway Co Ltd. RVNL is the largest equity shareholder with 28.57%. This SPV is for a new 82km line from Haridaspur to Paradip Port. This has recently been completed. Angul Sukinda Railway Co Ltd. RVNL is the largest stakeholder in this SPV with 31.50% equity. This is for a new  102.42 km railway line from Angul-Sukinda. This line is still under construction. Digi Roha Rail Ltd. RVNL is the second largest equity holder of this SPV with 26% equity, the largest being Dighi Port. This is for the construction of a new 34 km railway line from Roha to Dighi Port in Maharashtra. New SPVs under formation. Indian Port Rail Corporation Limited (IRPCL). RVNL is participating in the formation of IRPCL. This is a SPV under the Ministry of Shipping, with the stakeholders being RVNL and 12 major ports. The initial authorised capital of the SPV is Rs 500  crore with RVNL's equity participation being Rs 10 crore only or 10% of the initial subscribed share capital. The mandate of the SPV is to enhance rail connectivity to the various Ports in the country. This includes maintenance of Port Railways along with up-gradation, modernisation and capacity augmentation as and when required. Rail connectivity to Rewas Port in Maharashtara. RVNL began as an organisation for executing various projects of railway engineering, to meet the shortfall of rail infrastructure that the existing system of that time could not fulfil. It was important to think out of the box and  find a solution as eventually the price would be heavy with respect to the curtailment of opportunities and options available to a developing nation. From beginning with railway capacity augmentation through track doubling, new railway lines, gauge conversion, railway electrification, RVNL has moved onto working on metro railways, multimodal transport system, port connectivity, turnkey projects i.e. workshops, training institutes, green buildings, high speed rail projects, cable stayed bridges, river and road bridges, vertical lift bridge, mountain Railways and tunnels.