Rail Vikas Nigam Limited
Encyclopedia
Rail Vikas Nigam Limited is an organisation associated with Indian Railways
Indian Railways
Indian Railways , abbreviated as IR , is a departmental undertaking of Government of India, which owns and operates most of India's rail transport. It is overseen by the Ministry of Railways of the Government of India....

 whose task is to build engineering works required by Indian Railways.

Background

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.

Completed Projects

  • Pakni-Solapur
    Solapur
    Solapur is a city in South Western Maharashtra, India governed by municipal corporation.Solapur is one of the four districts that form the region of Western Maharashtra . It is the fourth largest district in Maharashtra in terms of land area and seventh largest in terms of population...

     Doubling
  • Diva
    Diva
    A diva is a celebrated female singer. The term is used to describe a woman of outstanding talent in the world of opera, and, by extension, in theatre, cinema and popular music. The meaning of diva is closely related to that of "prima donna"....

    -Kalyan
    Kalyan
    Kalyan is a city in Thane district of Maharashtra, and a major railway station lying at the junction of the north-east and south-east lines of the suburban Mumbai division of the Central Railway, 53 km north-east of Mumbai. Kalyan is also a major Taluka place, a tehsil of the Thane district...

     5th & 6th Line
  • Panvel
    Panvel
    Panvel is city and a municipal council in Raigad district in the state of Maharashtra. Panvel is also known as the gateway of Konkan region. It adjoins Navi Mumbai, and is just after the Thane district border. Panvel is located on the Yashwantrao Chavan Expressway about 21 kilometres from...

    -Jasai Jnpt Doubling

  • Gauge conversion works under Project Unigauge.

  • bridge reconstruction
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