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Rail Vikas Nigam Limited (RVNL)

Rail Vikas Nigam Limited (RVNL)

About Rail Vikas Nigam Ltd.:

Indian Railway network particularly High Density Network, which connects the four Metro Cities of Delhi, Kolkata, Chennai & 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.

Important Links:

Contact Details:

Rail Vikas Nigam Limited, Plot No. 25, First Floor, August Kranti Bhawan, Bhikaji Cama Place,  R. K. Puram, New Delhi - 110066

EPABX: 91-11-26738299

Fax: 91-11-26182957

Courtesy : RVNL

IMPORTANT: RRB EXAM PORTAL is NOT associated with Railway Recruitment Board(RRB) or Indian Railways, For RRB official website visit - www.rrcb.gov.in