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Rail Vikas Nigam Limited is a Category-I M … Rail Vikas Nigam Limited is a Category-I Mini-Ratna CPSE under the Ministry of Railways. It was incorporated in 2003 to meet the country's surging infrastructural requirements and to implement projects on a fast-track basis. RVNL works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. The organization undertakes project execution from concept to commissioning and creates project-specific SPVs. RVNL’s mandate includes the mobilization of extra-budgetary resources (EBRs) through a mix of equity and debts via these SPVs. 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, Shree Atal Bihari 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 200. RVNL initiated its IPO on March 29 2019 and became listed on April 11 2019.9 2019 and became listed on April 11 2019.
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Rail Vikas Nigam Limited is a Category-I M … Rail Vikas Nigam Limited is a Category-I Mini-Ratna CPSE under the Ministry of Railways. It was incorporated in 2003 to meet the country's surging infrastructural requirements and to implement projects on a fast-track basis. RVNL works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. The organization undertakes project execution from concept to commissioning and creates project-specific SPVs. RVNL’s mandate includes the mobilization of extra-budgetary resources (EBRs) through a mix of equity and debts via these SPVs. a mix of equity and debts via these SPVs.
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Rail Vikas Nigam
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