RAIL VIKAS NIGAM LIMITED Share Price

NSE

Company Profile


Rail Vikas Nigam Limited (RVNL) was incorporated as per the then Companies Act 1956 with the twin objectives of the implementation of projects relating to creation and augmentation of the capacity of rail infrastructure on a fast track basis and raising of extra-budgetary resources for SPV projects. It has been rated 'Excellent' for the 9 successive years by the Department of Public Enterprises. The company has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years. It was incorporated as a public sector undertaking for the mandate to undertake and execute successfully the project development, financing and implementation of projects related to rail infrastructure; mobilize financial and human resources for project implementation; ensure timely execution of projects with least cost escalation; acquire, purchase, license, concession or assign rail infrastructure assets including contractual rights and obligation with the approval of MoR whenever required, etc.

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