Rail Vikas Nigam Ltd Share Price Rail Vikas

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Independent Director RAJEN HABIB KHWAJA
Director (Operation) Arun Kumar..
Independent Director SABITA PRADHAN
Company Secretary Kalpana Dubey
Chairman & Managing Director Pradeep Gaur
Nominee (Govt) A P Dwivedi
Independent Director L V Muralikrishna Reddy
Independent Director Anil Kumar
Official Director (Part time) Hari Mohan Gupta
Non-official Director Cyrus A Pithawalla
Independent Director Shiv Kumar Gupta
Independent Director Vinayak Bhalachandra Karanjikar
Director (Personnel) AJAY KUMAR
Director (Projects) Vinay Singh

Rail Vikas Nigam Limited was incorporated in New Delhi as a public limited company on 24 January 2003. The Company was issued its certificate of commencement of business on February 18, 2003. Further, the Company has been conferred the status of Schedule A - Public Sector Enterprise. The Ministry of Railways (MoR) vide letter dated September 19, 2013 bearing reference no. 2010/PL/52/1, conveyed the approval of the DPE granting the Company the status of Category I Miniratna Company. The Company is a wholly owned government company, as a project executing agency working for and on behalf of MoR. The Company was incorporated with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden uadrilateral and port connectivity and raising of extra- budgetary resources for project execution. The Company is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc. Since the inception in 2003, MoR has transferred 172 projects to Rail Vikas of which 166 projects are sanctioned for execution. Out of these, 60 projects have been fully completed totalling to Rs. 167,777.00 million and the balance are ongoing. The Company has an order book of Rs.686,836.20 million as on February 28, 2018 which includes 106 ongoing projects. During the financial year ending March 31, 2017, the company has completed a total of 713.73 rkm of project length, which included 355.73 rkm of doubling and 358 rkm of railway electrification. The Company generally works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, etc. The projects undertaken by the company are spread all over the country and for efficient implementation of projects, 37 project implementation units (PIUs) have been established at different locations to execute projects in their geographical hinterland. They are located at Delhi, Mumbai, Kolkata (4 units), Chennai, Secunderabad (2 units), Bhubaneshwar (3 units), Bhopal (3 units), Jhansi, Kota, Jodhpur, Waltair (2 units), Bengaluru, Pune, Raipur (3 units), Lucknow (2 units), Rishikesh, Ahmedabad (2 units), Kanpur, Varanasi (2 units), Chandigarh, Mughalsarai, Ambala and Guwahati. The companys major client is the Indian Railways. Its other clients include various central and state government ministries, departments, and public sector undertakings. Rail Vikas Nigam Limited came out with an Initial Public Offering (IPO) of 253,457,280 equity shares of Face Value of Rs 10 each of the company through an offer for sale by the President of India, acting through the Ministry of Raliways, Govt. of India (the selling shareholder) for a cash price of Rs 19 per equity share aggregating to Rs 477.11 Crores. The face value of equity shares is Rs 10 each. The IPO was priced at Rs 19 per equity share.

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