Rail Vikas Nigam Limited was incorporated in New Delhi as a Public Limited Company on 24 January, 2003. The Company was issued its Certificate of Commencement of Business on February 18, 2003. Further, RVNL has been conferred the status by The Department of Public Enterprises effective from 1st May, 2023. The President of India through Ministry of Railway(MoR) is holding 72.84% equity shares of the Company as on 31 March 2024. The Company is a Schedule A' public sector company and a NavRatna Company with effect from 1 May 2023.
RVNL was incorporated with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity and raising of extra- budgetary resources for project execution. RVNL is in the business of executing all types of railway projects including new lines, doubling, 3rd line/4th line, gauge conversion, railway electrification, metro projects, workshops, mega bridges, hilly railway projects, construction of cable stayed bridges, institutional buildings etc.
The Company is into the business of executing and implementing all types of rail infrastructure projects including new lines, doubling (including 3rd/4th lines), gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, production units, institution buildings and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railways.
RVNL has been functioning as an executing arm of Indian Railways and works for and on behalf of the Ministry for projects assigned to it for execution. It generally works on a turnkey basis and undertakes the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, etc.
RVNL's major client i