Short Article

18-05-2023 | 13:15 PM

Rail Vikas Nigam Limited (RVNL)

Recently, Rail Vikas Nigam Limited (RVNL), a Central Public Sector Enterprises of the Ministry of Railways, has been granted Navratna Status.

Key Highlights:

• RVNL was incorporated as a PSU in 2003.
• Its functions are undertaking project development and execution of works covering full project life cycle, Creating Project specific SPVs for individual works, and on completion of a Railway project by RVNL, the concerned zonal railway will undertake its operation and maintenance.
• When a company achieves Navratna status, it gets enhanced financial and operational freedom.
• It empowers it to invest up to Rs 1,000 crore or 15% of their net worth on a single project without seeking government approval.
• They will also have the freedom to enter joint ventures, form alliances and float subsidiaries abroad.