Rail Vikas Nigam Ltd Directors Report

Dear Shareholders,

Your Directors are pleased to present the 22ndAnnual Report and Audited Financial Statements for the Financial Year ended 31 March, 2025 together with the reports of Statutory Auditors.Comments of Comptroller & Auditor General of India are yet to be received by the Company.

1. Financial Performance Highlights

The key highlights of the financial performance of the company during FY 2024-25 along with the corresponding performance in F.Y. 2023-24 are mentioned below (rounded to nearest rupees/crore):

(Rs. in crore)

Particulars	2024-2025	2023-24	% Increase/ Decrease
Turnover	19,869.35	21,732.58	-8.57%
Total Income	20,888.24	22,915.13	-8.85%
Operating Income	1,484.15	1,691.34	-12.25%
Reserves & Surplus	6,538.70	5,782.26	13.08%
Profit Before Tax	1,550.17	1,939.40	-20.07%
Profit After Tax	1,188.62	1,462.95	-18.75%
Net worth	8,623.72	7867.28	9.62%
Appropriations
Dividend	*358.62	439.94	-18.48%

* Final dividend amounting to Rs 358.62 crore @ Rs 1.72 per fully paid equity share recommended by the Board of Directors subject to the approval of shareholders in the ensuing Annual General Meeting of the Company.

Capital Structure

With an Authorized share capital of the Company of Rs. 3000 crores, there has been no change in the Capital Structure of the Company, with the Paid-up share capital of the Company remaining at Rs. 2085.02 crore. The Company has not issued any share during the year under consideration.

Employee Stock Option Plan

Your Company has not provided any Employee Stock Option Plan (ESOP); therefore, disclosure requirement in relation to ESOP under Rule 12(9) and Rule 16(4) of the Companies (Share Capital and Debentures) Rules, 2014 is not applicable.

Shareholding of President of India (POI)

As on 31.03.2025, the present Shareholding of President of India (POI) is 1,51,87,43,694 equity shares of Rs. 10 each amounting to Rs. 15,18,74,36,940 that is 72.84%.

Profit

Profit before Tax decreased from Rs. 1,939.40 crore in 2023-24 to Rs. 1,550.17 crore in 2024- 25 showing an decrease of 20.07%. Profit after Tax decreased from Rs. 1,462.95 crore in FY 2023- 24 to Rs. 1,188.62 crore in FY 2024-25 showing a decrease of 18.75%.

Net Worth

The Net Worth of your Company has increased over the previous year from Rs.7,867.28 crore to Rs. 8,623.72 crore on account of transfer of profits (after payment of Dividend& OCI).

Reserves

The Reserves & Surplus of the Company for FY 2024- 25 stand at Rs. 6538.70 crore as compared to Rs. 5,782.26 crore in FY 2023-24, showing an increase of 13.08% from previous year.

Dividend

The Board recommended a final dividend of Rs. 358.62 crores (Rs. 1.72 per share) subject to the approval of shareholders in the ensuing Annual General Meeting of the Company. Total dividend for the financial year 2024-25 is Rs. 358.62 crore.

Acceptance of Deposits

Your company has not accepted any deposit from the public during the year.

Reimbursement of Expenditure

RVNL received an amount of Rs. 17,917.05 crore (approx.) for project expenditure during the current year, from Ministry of Railways (MoR) for execution of various works.

Loans from IRFC

During the year, no borrowing was made from IRFC. With this, the total amount received from IRFC is Rs. 7865.08 crore. The principal and interest on the borrowings from IRFC are repaid by Ministry of Railways (MoR) as a pass-through entry in the books of RVNL. During the year, an amount of Rs.472.00crore towards principal & Rs. 550.19 crore towards interest was paid to IRFC on this account, leaving an outstanding loan & Principal balance of Rs. 5941.66 crore (including interest accrued of Rs.1449.30 Cr).

Turnover

Your Company has achieved a turnover of Rs. 19,869.35 crore in 2024-25 as compared to Rs. 21,732.58 crore in 2023-24.

In addition, over the years the Company has also put a large number of large value contracts in place to speed up the process of project execution. At the same time, there has also been a significant increase in the revenue from the projects secured through bidding to the tune of Rs. 2771.50 crore during 2024-25 in comparison to Rs. 1698.78 crore in the previous year.

Consolidated Financial Statements

The consolidated Financial Statements of the Company prepared in accordance with the provisions of Companies Act, 2013 and the applicable Indian Accounting Standards (IND-AS) for the financial year 2024-25 forms part of the Annual Report of the Company. The accounts have been consolidated based on the performance and activities of the SPVs, JVs, Associates and the share of RVNL in those entities as an equity partner and its wholly owned subsidiaries. The related entries appearing in the standalone accounts of RVNL have been adjusted accordingly in consonance with the relevant Indian Accounting Standards (Ind AS 110 & 28). The salient features of differences in the significant entries between the Standalone Accounts of RVNL and the Consolidated Accounts are as under:

(Rs. in crore)

Particular	Figures as on 31.03.2025 Standalone	Figures as on 31.03.2025 Consolidated
Turnover	19869.35	19923.02
Other Income	1018.89	999.78
Direct Expenses	18385.20	18406.31
Indirect Expenses	952.87	961.87
PBT	1550.17	1554.62
PAT	1188.62	1281.52
Reserve & Surplus	6538.70	7485.99
Net Worth	8623.72	9571.01

** PBT includes Rs. 95.41crore as proportionate share of RVNL in the profit/loss of Joint Ventures.

Subsidiary, Joint Venture and Associate Companies

A report on the performance and financial position of subsidiary, associates and joint venture Company as per Companies Act, 2013 is provided in Note-43 to the Consolidated Financial Statements.

2. Integral Reports

Name of Report	Annexure
Management Discussion and Analysis	A
Corporate Governance Report	B
Corporate Social Responsibility (CSR) Report	C
"Business Responsibility and Sustainability Report (BRSR)"	D
Secretarial Auditor Report	E
Form AOC-2	F

The Management Discussion and Analysis

Report provides an overview of the affairs of the Company, its business environment, mission and objectives, outlook, operational performance, its resources and systems, strengths, opportunities, constraints, risks and concerns, strategies, prospects, etc. (Annexure A).

The Corporate Governance Report highlights the Companys philosophy on Corporate Governance and Key Values, composition of Board of Directors and its Committees, attendance and remuneration of Directors etc. other relevant disclosures, CEO/CFO Certification and general information for shareholders. The following compliance certificates as required under DPE Guidelines and SEBI Regulations supplement it. (Annexure B).

A Certificate signed by the Chairman and Managing Director affirming receipt of compliance with the Code of Conduct from all Board members and Senior Management personnel during the year 2024-25(placed at Annexure “B-1”) as per guidelines of Department of Public Enterprises on Corporate Governance.

A Certificate from the Chairman and Managing Director (CMD) and Chief Financial Officer (CFO) with regard to the authenticity of financial statements (placed at Annexure “B-2”); and

A Certificate of compliance on Corporate

Governance signed by a practicing Company Secretary (placed at Annexure “B-3”) as per guidelines of Department of Public Enterprises on Corporate Governance and Listing Regulations.

Certificate on non-disqualification of Directors as per schedule V of SEBI (LODR) Regulations, 2015 (placed at Annexure “B-4”)

The Corporate Social Responsibility (CSR) Report reflects RVNLs plans, policy, budget, expenditure, evaluation process for projects and CSR activities undertaken during the year. (Annexure C)

The “Business Responsibility and Sustainability Report (BRSR)”describes the initiatives taken by the Company from an Environmental, Social and Governance (ESG) perspective in terms of amendment to Regulation 34 (2) (f) of SEBI (LODR) Regulations 2015.(Annexure D)

Pursuant to provisions of Section 204 of Companies Act, 2013 and Companies (Appointment and Remuneration of Managerial personnel) Rules 2014, the Company has appointed M/s. Kumar Naresh Sinha & Associates, Practicing Company Secretary, to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is placed at Annexure “E”.

As per Section 92 (3) of the Companies Act, 2013, Annual Return will be available on the website of the Company i.e., www.rvnl.org.

The disclosure of Related Party Transactions, as required under section 134 (3) (h) of Companies Act, 2013 and Rule 8 (2) of the Companies (Accounts) Rules, 2014 in Form “AOC-2” is placed at Annexure “F”.

3. Operational Performance

Your Directors are delighted to inform that the F.Y. 2024-25 has been a year of excellence and growth for the Company.

In 2024-25, 345.89 km sections were commissioned consisting of 3.2 km of New Line and 342.69 km of Doubling handed over to Zonal Railways for operations.

During the year, 5 important projects were fully commissioned. These are:

Rajpura- Bhatinda (172.64 km) Doubling Janghai- Phahamau Doubling

Varanasi- Madhosingh- Allahabad

Doubling

Daraganj- Rebuiding (Bridge No. 111 on

Ganga)

Pamban Bridge (Lifting Span Bridge)

The year 2024-25 was significant in Indian history for organizing largest gathering at Prayagraj during Maha Kumbh. The fastest commissioning of Janghai- Phahamau Double line Project (46.1 km), Varanasi- Madhosingh- Allahabad Double line Project (120.20 km) and Daraganj-Rebuilding (Bridge No. 111 on Ganga, 1.934 km) has eased out railway traffic during Maha Kumbh which facilitated Indian Railway to run 1000+ extra trains during this period.

The iconic Pamban Bridge of 2.1 km length comprising of Indias first vertical lifting span over Bridge of 72-meter span was completed in November 2024 that connected the town of Rameswaram on Pamban Island with Mandapam in mainland. Worlds most advanced technologies have been used in construction of Pamban Bridge. The Bridge was inaugurated by the Shri Narendra Modi Honourable Prime Minister of India. Nearly 14 passenger trains run daily over this new constructed bridge which carries thousands of passengers to Rameswaram.

Railway Electrification:

During the year, with the focus of the Ministry on the commissioning of Railway Electrification projects, Company commissioned 158.19 km of Railway Electrification. In addition, Railway Electrification of 324.83 km was also carried out in other than specific Railway Electrification projects as part of Doubling. Thus, 483.02 km of electrified sections were commissioned in 2024-25.

3.1 Physical Size of the Projects:

Since its establishment in 2003, Ministry of Railways has transferred 185 projects to RVNL for execution, which may be broadly classified under the following heads:

• Doubling	70
• Gauge Conversion	12
• New Lines	12
• MTP	06
• Railway Electrification	39
• Workshops	21
• Others	25

And after implementation of revocation of policy for assignment of work to PSUs in 2021, RVNL had participated in Open Bidding and projects awarded through biddings as on March 2025 are:

• Awarded through Bidding 94

The distribution of project length under various plan heads is shown below:

3.1.1 Nature of Works being Executed by RVNL:

RVNL is executing all types of Railway Infrastructure works such as New Line, Gauge Conversion, Doubling/3rd Line/4th Line, Railway Electrification, Workshops, Hill Railway Projects, Institutional Buildings, Mega Bridges, Metro Railway, Tunnels, Monumental Bridges, Canals, Transmission Lines, Highways, Signaling Work, MMLPs etc.

3.1.2 Project Implementation Units (PIUs):

These projects are spread all over the country and for efficient implementation of projects, 29 Project Implementation Units (PIUs) established at 25 locations to execute projects in their geographical hinterland. They are located at Ahmedabad, Bengaluru, Bhopal, Bhubaneshwar, Chennai (2 Units), Chandigarh, Gwalior, Indore, Kanpur, Kolkata (3 Units), Kharagpur, Kota, Lucknow, Mumbai, Nagpur, Patna, Pune, Raipur, Rishikesh, Ranchi, Secunderabad, Varanasi (2 Units) and Waltair. Two projects units are also established outside India, one is at Maldives & another is at Rwanda. The PIUs are established and closed as per requirement.

3.2 Status of physical progress of projects

The status of the 279 projects assigned to RVNL for execution is as under: -

Projects completed up to March 2025 :157 No.

• Doubling	61 No.
• Gauge Conversion	11 No.
• New Lines	06 No.
• MTP	02 No.
• Railway Electrification	38 No.
• Workshops	19 No.
• Others	20 No.
Projects under implementation :	120 No.
• MoR :	28 No
• Bidding Works :	94 No.

RVNL has so far completed 157 projects.

The list of 157 projects fully completed up to March 2025 is as under:

S. No.	Railway	Project Name	Type of Project	Length (km)
1.	Central Railway	Diva - Kalyan 5th & 6th Line	Doubling	11
2.	Central Railway	Pakni - Mohol Doubling	Doubling	17
3.	Central Railway	Panvel - Jasai JNPT Doubling	Doubling	28.5
4.	Central Railway	Pakni - Solapur Doubling	Doubling	16.28
5.	Central Railway& SCR	Daund- Gulbarga- Doubling (224.9 km) and Pune- Guntakal -Electrification (641.37 km)	Doubling	224.9
6.	Eastern Railway	Gurup - Saktigarh Extn of 3rd Line	Doubling	26
7.	East Central Railway	Barauni - Tilrath Bypass Doubling	Doubling	8.3
8.	East Coast Railway	Talcher-Cuttack-Paradeep Doubling with 2nd Bridge on Rivers Birupa & Mahanadi	Doubling	3
9.	East Coast Railway	Jakhapura- Haridaspur 3rd Line	Doubling	23.3
10.	East Coast Railway	Cuttack - Barang Doubling	Doubling	14.3
11.	East Coast Railway	Rajatgarh-Barang Doubling	Doubling	31.3
12.	East Coast Railway	Khurda-Barang - 3rd line (35 km)	Doubling	32.32
13.	East Coast Railway	Sambalpur-Titlagarh (182 km)	Doubling	182.00
14.	East Coast Railway	Raipur-Titlagarh (203 km)	Doubling	203
15.	East Coast Railway	Banspani-Daitari-Tomka-Jakhapura (180 km)	Doubling	180
16.	Northern Railway	New Delhi-Tilak Bridge- 5th & 6th line (2.65 km)	Doubling	2.65
17.	Northern Railway	Utraitia-Raebareli (65.6 km)	Doubling	68.04
18.	Northern Railway	Raebareli-Amethi (60.1 km)	Doubling	59.00
19.	Northern Railway	Rajpura-Bhatinda Doubling with Electrification (172.64 km)	Doubling	172.64
20.	North Central Railway	Palwal - Bhuteswar 3rd Line	Doubling	81
21.	North Central Railway	Aligarh - Ghaziabad 3rd Line	Doubling	106.1
22.	North Central Railway	Bhimsen-Jhansi (206 km) with RE	Doubling	206
23.	North Western Railway	Bhagat Ki Kothi - Luni Doubling	Doubling	30.3
24.	North Western Railway	Karjoda - Palanpur Doubling	Doubling	5.4
25.	North Western Railway	Rewari- Manheru Doubling	Doubling	69.02
26.	North Western Railway	Rani-Keshav Ganj Doubling	Doubling	59.5
27.	North Western Railway	Abu Road-Sarotra Road- Patch doubling (23.12 km)	Doubling	23.12
28.	North Western Railway	Swaruganj-Abu Road - Patch doubling (25.36 km)	Doubling	25.36
29.	North Western Railway	Sarotra Road-Karjoda - Patch doubling (23.59 km)	Doubling	23.59
30.	Southern Railway	Attipattu - Korukkupet 3rd Line	Doubling	18
31.	Southern Railway	Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line	Doubling	41.89
32.	Southern Railway	Tiruvallur - Arakkonam 4th Line	Doubling	28
33.	Southern Railway	Villipuram-Dindigul Doubling	Doubling	273
34.	Southern Railway	Thanjavur-Ponmalai - Doubling	Doubling	46.96
35.	Southern Railway	Madurai-Maniyachi-Tuticorin (160 km)	Doubling	160
36.	Southern Railway	Maniyachi-Nagercoil DL	Doubling	102
37.	South Central Railway	Pullampet - Balapalle Ph I of Gooty - Renigunta Doubling	Doubling	41
38.	South Central Railway	Krishnapatnam - Venkatachalam Doubling with RE	Doubling	16.5
39.	South Central Railway	Gooty - Renigunta Patch Doubling	Doubling	151
40.	South Central Railway	Raichur - Guntakal Doubling	Doubling	81.0
41.	South Central Railway	Guntur-Tenali - Doubling with electrification (24.38 km)	Doubling	25
42.	South Central Railway	Vijaywada-Gudivada-Bhimavaram- Narasapur, Gudivada-Machlipatnam and Bhimavaram-Nidadavolu (221 km) - Doubling with electrification	Doubling	221.00
43.	South Central Railway	Secunderabad (Falaknuma)-Mehbubnagar doubling	Doubling	85.70
44.	South Eastern Railway	Tikiapara - Santragachi Doubling	Doubling	5.6
45.	South Eastern Railway	Panskura - Kharagpur 3rd Line	Doubling	45
46.	South Eastern Railway	Panskura - Haldia Ph 1 Doubling	Doubling	14
47.	South Eastern Railway	Rajgoda - Tamluk (Jn. Cabin) Doubling	Doubling	13.5
48.	South Eastern Railway	Tamluk Jn. Cabin - Basulya Sutahata Doubling	Doubling	24.23
49.	South Eastern Railway	Goelkera-Monoharpur 3rd line (40 km)	Doubling	27.5
50.	South East Central Railway	Bilaspur - Urkura 3rd Line Doubling	Doubling	105
51.	South East Central Railway	Salka Road- Khongsara Patch Doubling	Doubling	26
52.	South East Central Railway	Khodri-Anuppur, with Flyover at Bilaspur (61.6 km)	Doubling	61.6
53.	South Western Railway	Hospet - Guntakal Doubling	Doubling	115
54.	West Central Railway	Bhopal-Bina - 3rd line (143 km)	Doubling	144.3
55.	West Central Railway	Itarsi-Budni - 3rd line (25.090 km)	Doubling	25.09
56.	West Central Railway	Barkhera-Habibganj - 3rd line (41.420 km)	Doubling	41.2
57.	West Central Railway	Bina-Kota (282.66 km) with RE	Doubling	282.66
58.	West Central Railway	Barkhera - Budni 3rd line	Doubling	26.5
59.	Western Railway	Palanpur- Samakhiali (247.73 km)	Doubling	247.3
60.	North Eastern Railway	Lucknow-Pilibhit via Sitapur, Lakhimpur (262.76 km)	GC	262.76
61.	North Western Railway	Delhi - Rewari Gauge Conversion	GC	94.2
62.	North Western Railway	Ajmer - Phulera - Ringus - Rewari Gauge Conversion	GC	295
63.	North Western Railway	Bhildi - Samdari Gauge Conversion	GC	223
64.	Southern Railway	Thanjavur - Villupuram Gauge Conversion	GC	192
65.	Southern Railway	Cuddalore - Salem Gauge Conversion	GC	193
66.	South Western Railway	Arasikere-Hassan-Mangalore Gauge Conversion	GC	230
67.	Western Railway	Bharuch - Samni - Dahej Gauge Conversion	GC	62
68.	Western Railway	Gandhidham - Palanpur Gauge Conversion	GC	301
69.	Western Railway	Ahmedabad-Botad (170.48 km)	GC	166.09
70.	Western Railway	Dhasa-Jetalsar (104.44 km)	GC	106.69
71.	East Coast Railway	Daitari - Banspani New Line	New Line	155
72.	East Coast Railway	Haridaspur-Paradeep (82 km)	New Line	82
73.	East Coast Railway	Angul- Sukinda Road (98.7 km)	New Line	95
74.	North Eastern Railway	Mau-Gazipur-Tarighat New Line	New Line	16.79
75.	Southern Railway	Vallarpadam - Idapally New Line	New Line	9
76.	South Central Railway	Obulavaripalle- Krishnapattnam (113 km)	New Line	121
77.	Railway Electrification	Tomka -Banspani - RE	RE	144
78.	Railway Electrification	Kharagpur (Nimpura) - Bhubaneswar Including Branch Line of Talcher - Cuttack - Paradeep	RE	581
79.	Railway Electrification	Bhubaneswar - Kottavalasa	RE	417
80.	Railway Electrification	Daund-Manmad Incl. Puntamba- Shirdi - RE	RE	255
81.	Railway Electrification	Reningunta - Guntakal RE	RE	308
82.	Railway Electrification	Yelahanka - Dharmavaram - Gooty RE	RE	306
83.	Railway Electrification	Bharuch - Samni - Dahej RE	RE	64
84.	Railway Electrification	Manheru- Hissar RE	RE	74
85.	Railway Electrification	Jakhal - Hisar (79 km)	RE	80.0
86.	Railway Electrification	Chhapra-Ballia-Ghazipur-Varanasi-Allahabad RE (330 km)	RE	330
87.	Railway Electrification	Guntakal-Kalluru RE (40 km)	RE	40
88.	Railway Electrification	Utretia - Rae Bareli - Amethi - Janghai RE (214 km)	RE	214
89.	Railway Electrification	Daund-Baramati (44 km)	RE	44
90.	Railway Electrification	Amla-Chhindwara-Kalumna	RE	257
91.	Railway Electrification	Raipur-Titlagarh (203 km) {Part of Vizianagaram - Rayagada - Titlagarh - Raipur (465 km)}	RE	203
92.	Railway Electrification	Rajpura - Dhuri - Lehra Mohabat (151 km)	RE	151
93.	Railway Electrification	Guntakal - Bellary - Hospet incl. Tornagallu -	RE	138
		Ranjitpura Branch Line (138 km)
94.	Railway Electrification	Wani- Pimpalkutti RE (66 km)	RE	66
95.	Railway Electrification	Manoharabad- Medchal (14 km)	RE	14
96.	Railway Electrification	Yalahanka-Penukonda (120.55 km)-Doubling	RE	-
97.	Railway Electrification	Jakhal - Dhuri - Ludhiana (123 km)	RE	123
98.	Railway Electrification	Guna-Gwalior (227 km)	RE	227
99.	Railway Electrification	Rani-Palanpur 166 km	RE	166
100.	Railway Electrification	Villupuram-Cuddalore Port-Mayiladuturai-Thanjavur & Mayiladuturai-Thiruvarur (228 km)	RE	228
101.	Railway Electrification	Raebareli-Unchahar incl. Dalmau-Daryapur (63 km)	RE	63
102.	Railway Electrification	Raninagar Jalpaigudi-New Bongaigaon - Guwahati (Incl) RE (382 km) (Part of Barauni - Katihar - Guwahati Incl. Katihar - Barsoi (836 km) RE	RE	374.98
103.	Railway Electrification	Chikjajur-Bellary RE (184 km)	RE	183.15
104.	Railway Electrification	Bengaluru-Omalur Via Hosur RE (196 km)	RE	196.00
105.	Railway Electrification	Utratia-Raebareli-Amethi 2nd line RE (126 km)	RE	126.00
106.	East Coast Railway	RE of Sambalpur-Titlagarh Doubling project (96.596 km)	RE	96.60
107.	Western Railway	Palanpur-Samakhiali (247.73 km) RE	RE	247.73
108.	Railway Electrification	Kasganj-Bareilly-Bhojipura-Daliganj RE (401 km)	RE	401
109.	Western Railway	RE of Dhasa - Jetalsar (104.44 km)	RE	104.44
110.	Deposit	RE of NTPC siding at Hotgi Station (37 km)	RE	34.41
111.	Deposit	Electrification of IOCL Siding at Pakni (4 km)	RE	4.15
112.	Deposit	Electrification of Ultra Tech Cement Siding at Hotgi (8km)	RE	9.75
113.	Deposit	Electrification of Chettinad Cement Siding at Tilati (7.1km)	RE	5.9
114.	Central Railway	Latur- Setting up of coach manufacturing factory	WKSP	-
115.	Eastern Railway	Civil Engineering Works in Connection with Diesel Loco Component Factory, Dankuni	WKSP	-
116.	Eastern Railway	Dankuni - Setting Up of Electric Loco Assembly and Ancillary Unit of CLW	WKSP	-
117.	Eastern Railway	Ranaghat (EMU Car Shed)-Inspection bay for 15 coach maintenance facilities	WKSP	-
118.	Eastern Railway	Jheel Siding Coaching Depot- Infrastructure development	WKSP	-
119.	East Central Railway	Barauni - 250 High Horse Power Loco Shed	WKSP	-
120.	East Central Railway	Gaya -Setting up New MEMU car shed for maintaining 30 rakes of 16 coaches	WKSP	-
121.	East Coast Railway	Vadlapudi- Wagon PoH Workshop of 200 Nos Capacity Near Duvvada Station	WKSP	-
122.	East Coast Railway	Khurda Road - Construction of main line electrical multiple unit car shed (Phase-2)	WKSP	-
123.	North Central Railway	Kanpur - Construction of MEMU Car shed	WKSP	-
124.	North Central Railway	Jhansi-Setting up of coach periodic overhauling and refurbishment workshop	WKSP	-
125.	North Eastern Railway	Saidpur Bhitri- Setting up of Electric Loco Shed to home 200 Locos	WKSP	-
126.	North Eastern Railway	Dullahapur Yard - Provision of tower wagon periodic overhauling shed	WKSP	-
127.	Northern Railway	Sonipat-Setting up of coach periodical overhauling and refurbishment workshop	WKSP	-
128.	South Eastern Railway	Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sankrail/ Haldia	WKSP	-
129.	DLW	Varanasi - Augmentation of Production Capacity from 200 To 250 High HP Locos Per Year	WKSP	-
130.	North Eastern Railway	Aunrihar - DEMU Shed	WKSP	-
131.	South Central Railway	Workshop for Manufacture of Flat Bogies for LHB Design Coaches, Yadgir	WKSP	-
132.	Western Railway	Vadodara - Setting up of New PoH Shop for	WKSP	-
		Electrical Locos
133.	South Central Railway	Hyderabad-Secunderabad - Multi modal transport system (Phase-II)-MTP	MTP	78
134.	METKOL	MM of Existing Corridor Noparanagar-Baranagar- Daksineshwar	MTP	4.14
135.	Eastern Railway	Barddhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213	ROB	-
136.	Southern Railway	Srirangam-Tiruchchirapalli Town - 4-lane road over bridge in lieu of 2- lane bridge No.380-A	ROB	-
137.	North Western Railway	IOC Siding at Salawas (Deposit Work)	Others	2.82
138.	South Central Railway	Secunderabad- Upgradation of facilities at Centralised Training Academy for Railway Accounts	TRG	-
139.	South Central Railway	Moula Ali - Setting Up of Indian Railway Institute of Finance Management	TRG	-
140.	South Central Railway	Lallaguda (Carriage Workshop)- Replacement of 100-Year-Old Administrative Building	OSW	-
141.	South Western Railway	New Station Building at Belguam	OSW	-
142.	South Western Railway	Second Entry Station Building at Belguam	OSW	-
143.	South Western Railway	Proposed Coaching Depot at Belgaum	OSW	-
144.	South Western Railway	Yard Remodelling Works at Belgaum	OSW	-
145.	North Western Railway	Madar - Palanpur - Removing of PSR (Kms 589/1 to 590/1)	Track Renewal	-
146.	North Central Railway	Jhansi-Garhmau, Orai-Ata, Ata-Kalpi & Pokhrayan-Lalpur - Splitting of longer block sections	TF	-
147.	North Central Railway	Paman-Bhimsen - New B-class station	TF	-
148.	South Central Railway	Umdanagar-Timmapur - New crossing station	TFC	-
149.	Western Railway	Sabarmati-Botad-subways in lieu of level crossing-23 Nos.	RSW	-
150.	Western Railway	Sabarmati-Botad-Subways in lieu of LCs-14 Nos.	RSW	-
151.	Western Railway	Dhasa-Jetalsar-Subways in lieu of Level Crossing-35 Nos.	RSW	-
152.	Northern Railway	Final Location Survey for New Line Connectivity to Char Dham (327 km)	FLS	-
Following projects completed in 2024-25:
153.	Northern Railway	Janghai- Phahamau DL	Doubling	49.16
154.	North Eastern Railway	Varanasi- Madhosingh- Allahabad	Doubling	120.35
155.	North Eastern Railway	Daraganj- Rebuiding (Bridge No. 111 on Ganga)	BRWG	1.934
156.	Southern Railway	Pamban Bridge (Lifting Span Bridge)	BRWG	3.959
157.	Western Railway	RE of Ahmedabad- Botad (170.48 km)	RE	170.48

3.3 Total project length completed:

Cumulatively, RVNL has completed a total of 6489.06 km of doubling, 2120.36 km of

gauge conversion, 623.49 km of new lines, 7743.30 km of pure Railway Electrification, 4479.96 km RE as part of NL/Gc/DL and 84.40 km of Metropolitan Transport Project (MTP). Thus, as on 31.3.2025, 17060.61 km of project length of 185 sanctioned projects assigned to RVNL, have been completed.

3.4 Project length completed during 2024-25:

During 2024-25, 310.36 km (8.3 km of New Line, 302.06 of Doubling and 2 Bridge Works Project have been physically completed. 159 km of Railway Electrification was carried out during the year and in addition, Railway Electrification of 298.11 km was also carried out in other than specific Railway Electrification projects as part of Doubling.

3.4.1 Sections completed under New Line Plan

Head: During the year, 8.3 km of New Line was completed, the details are given below:

3.4.1.1 Bhanupalli - Bilaspur - Beri (63.1 km) :During the year, Shri Anandpur Sahib- Nangal Dam (3.2 km) section was completed in February 2025.

3.4.1.2 Neora - Daniawan (40.92 km): During the year, Sarasa Jamalpur - Barbigha (5.1 km) section was completed in February 2025.

3.4.2 Sections completed under Doubling Plan Head: During the year, 302.06 km of Doubling was completed, the details are given below:

3.4.2.1 Dhanbad - Sonnagar (Patratu - Sonnagar)

- 3rd Line (291 km): During the year, 49.44 km of project length was completed. Mangra - Barwadih (5.82 km) was completed in April 2024, Untari Rd. - Karkatta (4.2 km) was completed in May 2024, Barwadih - Chhipadohar (9.76 km) was completed in August 2024, Satbahini - Untari Rd. (4.93 Km) completed in August 2024, Richughuta - Chetar (8.33 km) was completed in September 2024, Muhammadganj - Satbahini (6.84 km) was completed in December 2024 and Chetar

- Tori (TORI) (9.56 km) was completed in March 2025.

3.4.2 2 Vizianagaram - Sambalpur (Titlagarh) 3rd Line (264.60 km): During the year, 62.205 km of project length was completed.

Narsipuram (NSX) - Parvatipuram (PVP) (4.42 km) and Sitanagaram (SNM) - Narsipuram (NSX) 8.385 km were completed in May 2024, Bobbili (VBL) - Narsipuram (NSX) (11.273 km) was completed in July 2024, Donkinavalasa (DNV) - Bobbili (VBL) 11.958 km was completed in August 2024, Bissamcuttack - Muniguda 16.97 km was completed in September 2024 and Singpur Road Jn. (SPRD) - Theruvali Jn. (THV) (9.195 km) was completed in December 2024.

3.4.2.3 Hospet - Hubli - Tinaighat (352 km): During the year, 13.83 km of project length was completed, Tinaighat - Duski (9.46 km) and Majodara Jn.-Cansulim (4.37 km) were completed in April 2024.

3.4.2.4 Phephna- Indara, Mau - Shahganj (excl. Indara - Mau) (150.28 km) DL: During the year, 19.80 km of project length was completed. Phariha - Sanjarpur (5.00 km) was completed in August 2024, Sanjarpur - Saraimir (5.9 km) was completed in October 2024 and Saraimir - Khorasan Road (KRND) (8.9 km) was completed in December 2024.

3.4.2.5 Bhatni- Aunrihar (126.30 km): During the year, 33.36 km of project length was completed. Hurmujpur - Sadat (SDT) (6.11 km), Dullahpur - Jakhanian (8.45 km) and Jakhanian - Hurmujpur (3.7 km) were completed in September 2024. Pipradih - Nayakdeeh (4.98 km) and Nayakdeeh- Dullahpur (5.08 km) were completed in January 2025 and Peokol - Salempur (5.04 km ) was completed on February 2025.

3.4.2.6 Janghai-Phaphamau DL with Electrification (46.79 Km): During this year, 46.16 km project length was completed. Janghai Jn. - Baryaram (5.07 km) was completed on April 2024, Baryaram - Ugrasenpur (9.00 km ) was completed on June 2024, Ugrasenpur - Phulpur (8.555 km ), Phulpur - Saraichandi (11.38 km) and Saraichandi - Tharwai (6.66 km) was completed in December 2024 with this completing the project fully.

3.4.2.7 Vijayawada - Gudur 3rd Line (287.67 km): During the year, 55.69 km of project length was completed. Krishna Canal Jn. (KCC) - Kolanukonda (KAQ) (H)- Peddavadlapudi (PVD) (7.1 km),Peddavadlapudi (PVD) - Chiluvur (CLVR) (3.82 km) and Tenali - Tsunduru (TSR) (11.18 km) were completed in June 2024. Chiluvur (CLVR) - Duggirala (DIG) (5.73 km) was completed in August 2024 and Duggirala (DIG)- Kolakalur (KLX)

(H)- Tenali (10.06 km) was completed in October 2024.

3.4.2.8 Kharagpur - Adityapur 3rd line (132 km): During the year, Aditypur Yard (3.4 km) was completed in May 2024.

3.4.2.9 Varanasi - Madhosingh - Allahabad (120.20 km): During the year, 7.33 km project length was completed. Jhusi (JI)- Daraganj (DRGJ) (4.096 Km) and Daraganj (DRGJ) - Allahabad City (ALY) (3.234 km) were completed in December 2024 with this completing the project fully.

3.4.2.10 Malkhedi- Mahadeo Khedi (MM of Mina - Kota Doubling): During the year, Malkhedi- Mahadeo Khedi (6.89 km) was completed in November 2024 with this completing the project fully.

3.4.3 Sections completed under Pure Railway Electrification Works: During the year, 159 km of Railway Electrification was completed, the details are given below:

3.4.3.1 Hospet -Hubli-Vasco Da Gama: During the year, Castle Rock- Carnozol (10 km) was completed in March 2025.

3.4.3.2 Dallirajhara-Rowghat During the year, 43 km of project length was completed. Bhanupratappur - Antagrah (25 km) was completed in June 2024 and Antagarh- Taroki (18 km) was completed in December 2024.

3.4.3.3 Sabarmati-Botad: During the year, 106 km of project length was completed. Moriyay- Koth Gangad (52 km) was completed in January 2025, Koth Gangad- Loliya (20 Km) was completed in February and Loliya- Bhimnath (34 km) was completed in March 2025 with this completing the project fully.

3.4.4 Bridge Work projects completed: During the year, 2 Bridge Work projects were fully completed, the details of which are as under:

3.4.5 Daraganj- Rebuiding (Bridge No. 111 on Ganga): The Daraganj- (Bridge No. 111 on Ganga) was completed in November 2024 along with completion of Varanasi- Madhosingh- Allahabad doubling project.

3.4.6 Pamban Bridge (Lifting Span Bridge):

Indias first vertical lifting span over Bridge (Total length 2.1 km) was completed in November 2024 combining innovation with the rich legacy of the past, that connected the town of Rameswaram on Pamban Island with Mandapam in mainland.

3.5 Projects Fully Commissioned and Handed over to Railways:

Out of 157 projects completed so far, all the 157 projects have been fully commissioned and handed over to Indian Railways for operations and maintenance.

The list of 157 projects fully commissioned till March 2025 is as under:

S. No.	Railway	Project Name	Type of Project	Length (km)
1.	Central Railway	Diva - Kalyan 5th & 6th Line	Doubling	11
2.	Central Railway	Pakni - Mohol Doubling	Doubling	17
3.	Central Railway	Panvel - Jasai JNPT Doubling	Doubling	28.5
4.	Central Railway	Pakni - Solapur Doubling	Doubling	16.28
5.	Central Railway & SCR	Daund- Gulbarga- Doubling (224.9 km) and Pune- Guntakal -Electrification (641.37 km)	Doubling	224.9
6.	Eastern Railway	Gurup - Saktigarh Extn of 3rd Line	Doubling	26
7.	East Central Railway	Barauni - Tilrath Bypass Doubling	Doubling	8.3
8.	East Coast Railway	Talcher-Cuttack-Paradeep Doublinjg with 2nd Bridge on Rivers Birupa & Mahanadi	Doubling	3
9.	East Coast Railway	Cuttack - Barang Doubling	Doubling	14.3
10.	East Coast Railway	Jakhapura- Haridaspur 3rd Line	Doubling	23.3
11.	East Coast Railway	Rajatgarh-Barang - 3rd line	Doubling	31.3
12.	East Coast Railway	Sambalpur-Titlagarh (182 km)	Doubling	182.00
13.	East Coast Railway	Banspani-Daitari-Tomka-Jakhapura (180 km)	Doubling	180
14.	East Coast Railway	Khurda - Barang 3rd Line	Doubling	32.32
15.	East Coast Railway	Raipur-Titlagarh (203 km)	Doubling	203
16.	North Central Railway	Palwal - Bhuteswar 3rd Line	Doubling	81
17.	North Central Railway	Aligarh - Ghaziabad 3rd Line	Doubling	106.1
18.	North Central Railway	Bhimsen- Jhansi (206 km) with RE	Doubling	206
19.	North Western Railway	Bhagat Ki Kothi - Luni Doubling	Doubling	30.3
20.	North Western Railway	Rani-Keshav Ganj Doubling	Doubling	59.5
21.	North Western Railway	Karjoda - Palanpur Doubling	Doubling	5.4
22.	North Western Railway	Rewari- Manheru Doubling	Doubling	69.02
23.	North Western Railway	Abu Road - Sarotra Road Patch Doubling	Doubling	23.55
24.	North Western Railway	Abu Road - Swaroopganj Patch Doubling	Doubling	25.36
25.	North Western Railway	Sarotra Road-Karjoda - Patch doubling (23.59 km)	Doubling	23.59
26.	Northern Railway	New Delhi - Tilak Bridge 5th & 6th Line Doubling	Doubling	2.65
27.	Northern Railway	Utretia-Rae Bareli (65.6 km)	Doubling	68.04
28.	Northern Railway	Raebareli - Amethi (60.1 km)	Doubling	59.00
29.	Southern Railway	Attipattu - Korukkupet 3rd Line	Doubling	18
30.	Southern Railway	Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line	Doubling	41.89
31.	Southern Railway	Tiruvallur - Arakkonam 4th Line	Doubling	28
32.	Southern Railway	Villipuram-Dindigul Doubling	Doubling	273
33.	Southern Railway	Thanjavur-Ponmalai - Doubling	Doubling	46.96
34.	Southern Railway	Madurai-Maniyachi-Tuticorin (160 km)	Doubling	160
35.	Southern Railway	Maniyachi-Nagercoil DL	Doubling	102
36.	South Central Railway	Pullampet - Balapalle Ph I of Gooty - Renigunta Doubling	Doubling	41
37.	South Central Railway	Krishnapatnam - Venkatachalam Doubling With RE	Doubling	16.5
38.	South Central Railway	Gooty - Renigunta Patch Doubling	Doubling	151
39.	South Central Railway	Raichur - Guntakal Doubling	Doubling	81.0
40.	South Central Railway	Guntur-Tenali - Doubling with electrification (24.38 km)	Doubling	25
41.	South Central Railway	Secunderabad-Mehboobnagar (85.24 km)	Doubling	85.70
42.	South Central Railway	Vijaywada-Gudivada-Bhimavaram- Narasapur, Gudivada-Machlipatnam and Bhimavaram-Nidadavolu (221 km) - Doubling with electrification	Doubling	221.00
43.	South Eastern Railway	Panskura - Kharagpur 3rd Line	Doubling	45
44.	South Eastern Railway	Panskura - Haldia Ph 1 Doubling	Doubling	14
45.	South Eastern Railway	Rajgoda - Tamluk (Jn. Cabin) Doubling	Doubling	13.5
46.	South Eastern Railway	Tikiapara - Santragachi Doubling	Doubling	5.6
47.	South Eastern Railway	Tamluk Jn. Cabin - Basulya Sutahata Doubling	Doubling	24.23
48.	South Eastern Railway	Goelkera-Monoharpur 3rd line (40 km)	Doubling	27.5
49.	South East Central Railway	Bilaspur - Urkura 3rd Line Doubling	Doubling	105
50.	South East Central Railway	Salka Road- Khongsara Patch Doubling	Doubling	26
51.	South East Central Railway	Khodri-Anuppur, with flyover at Bilaspur (61.6 km)	Doubling	61.6
52.	South Western Railway	Hospet - Guntakal Doubling	Doubling	115
53.	West Central Railway	Budni - Itarsi 3rd Line	Doubling	25.09
54.	West Central Railway	Barkhera- Habibganj - 3rd line (41.420 km)	Doubling	41.2
55.	West Central Railway	Bhopal-Bina - 3rd line (143 km)	Doubling	143
56.	West Central Railway	Bina -Kota (282.66 km) with RE	Doubling	282.66
57.	Western Railway	Palanpur- Samakhiali (247.73 km)	Doubling	247.3
58.	West Central Railway	Barkhera - Budni 3rd line	Doubling	26.5
59.	North Western Railway	Delhi - Rewari Gauge Conversion	GC	94.2
60.	North Eastern Railway	Lucknow-Pilibhit via Sitapur, Lakhimpur (262.76 km)	GC	262.76
61.	North Western Railway	Ajmer - Phulera - Ringus - Rewari Gauge Conversion	GC	295
62.	North Western Railway	Bhildi - Samdari Gauge Conversion	GC	223
63.	Southern Railway	Thanjavur - Villupuram Gauge Conversion	GC	192
64.	Southern Railway	Cuddalore - Salem Gauge Conversion	GC	193
65.	South Western Railway	Arasikere-Hassan-Mangalore Gauge Conversion	GC	230
66.	Western Railway	Bharuch - Samni - Dahej Gauge Conversion	GC	62
67.	Western Railway	Gandhidham - Palanpur Gauge Conversion	GC	301
68.	Western Railway	Ahmedabad- Botad (170.48 km)	GC	166.09
69.	Western Railway	Dhasa- Jetalsar (104.44 km)	GC	106.69
70.	East Coast Railway	Daitari - Banspani New Line	NL	155
71.	East Coast Railway	Haridaspur-Paradeep (82 km)	NL	82
72.	East Coast Railway	Angul-Sukinda Road (98.7 km)	NL	98.7
73.	North Eastern Railway	Mau-Gazipur-Tarighat New Line	NL	16.79
74.	Southern Railway	Vallarpadam - Idapally New Line	NL	9
75.	South Central Railway	Obulavaripalle - Krishnapatnam New Line	NL	121
76.	Railway Electrification	Tomka -Banspani - RE	RE	144
77.	Railway Electrification	Kharagpur (Nimpura) - Bhubaneswar Including Branch Line of Talcher - Cuttack - Paradeep	RE	581
78.	Railway Electrification	Bhubaneswar - Kottavalasa	RE	417
79.	Railway Electrification	Reningunta - Guntakal RE	RE	308
80.	Railway Electrification	Bharuch - Samni - Dahej RE	RE	64
81.	Railway Electrification	Daund-Manmad Incl. Puntamba- Shirdi - RE	RE	255
82.	Railway Electrification	Yelahanka - Dharmavaram - Gooty RE	RE	306
83.	Railway Electrification	Manheru- Hisar (74 km)	RE	74.0
84.	Railway Electrification	Jakhal - Hisar (79 km)	RE	80.0
85.	Railway Electrification	Chhapra-Ballia-Ghazipur-Varanasi-Allahabad (330 km)	RE	330
86.	Railway Electrification	Guntakal-Kalluru (40 km)	RE	40
87.	Railway Electrification	Daund- Bramati (44 km)	RE	44
88.	Railway Electrification	Titlagarh (Excl)-Raipur -RE	RE	203
89.	Railway Electrification	Utretia- Rae Bareli- Amethi- Janghai RE	RE	214
90.	Railway Electrification	Hospet - Guntakal And Tomagallu - Ranjitpura	RE	138
91.	Railway Electrification	Wani-Pimpalkutti (66 km)	RE	66
92.	Railway Electrification	Yalahanka-Penukonda (120.55 km)-Doubling	RE	-
93.	Railway Electrification	Rajpura - Dhuri - Lehra Mohabat (151 km)	RE	151
94.	Railway Electrification	Jakhal - Dhuri - Ludhiana (123 km)	RE	123
95.	Railway Electrification	Guna-Gwalior (227 km)	RE	227
96.	Railway Electrification	Rani-Palanpur 166 km	RE	166
97.	Railway Electrification	Manoharabad- Medchal (14 km)	RE	14
98.	Railway Electrification	Amla - Chhindwara - Kalumna (257 km)	RE	257
99.	Railway Electrification	Villupuram-Cuddalore Port-Mayiladuturai- Thanjavur & Mayiladuturai-Thiruvarur (228 km)	RE	228
100.	Railway Electrification	Raebareli-Unchahar incl. Dalmau-Daryapur (63 km	RE	63
101.	Railway Electrification	Raninagar Jalpaigudi-New Bongaigaon (incl.)- Guwahati (incl.)-382 rkm {Part of Barauni-Katihar- Guwahati incl Katihar-Barsoi (836 km)}	RE	374.98
102.	Railway Electrification	Chikjajur-Bellary (184 rkm)	RE	183.15
103.	Railway Electrification	Bengaluru-Omalur via Hosur (196 rkm)	RE	196.00
104.	Railway Electrification	2nd Line Utratia-Raebareli-Amethi (126 rkm) (Northern Railway) (PB#135/2018-19/CORE)	RE	126.00
105.	Railway Electrification	RE of Sambalpur-Titlagarh Doubling project (96.596 km.	RE	96.60
106.	Railway Electrification	Kasganj-Bareilly-Bhojipura-Daliganj RE (401 km)	RE	401
107.	Western Railway	Palanpur- Samakhiali (247.73 km) RE	RE	247.73
108.	Western Railway	RE of Dhasa - Jetalsar (104.44 km)	RE	104.44
109.	Deposit	RE of NTPC siding at Hotgi Station (37 km)	RE	34.41
110.	Central Railway	Latur- Setting up of coach manufacturing factory	WKSP	-
111.	Eastern Railway	Civil Engineering Works in Connection with Diesel Loco Component Factory, Dankuni	WKSP	-
112.	Eastern Railway	Dankuni - Setting Up of Electric Loco Assembly anc Ancillary Unit of CLW	WKSP	-
113.	Eastern Railway	Ranaghat (EMU Car Shed)-Inspection bay for 15 coach maintenance facilities	WKSP	-
114.	Eastern Railway	Jheel Siding Coaching Depot- Infrastructure development	WKSP	-
115.	East Central Railway	Barauni - 250 High Horse Power Loco Shed	WKSP	-
116.	East Central Railway	Gaya -Setting up New MEMU car shed for maintaining 30 rakes of 16 coaches	WKSP	-
117.	East Coast Railway	Vadlapudi - Wagon PoH Workshop of 200 Nos	WKSP	-
		Capacity Near Duvvada Station
118.	East Coast Railway	Khurda Road - Construction of main line electrical multiple unit car shed (Phase-2)	WKSP	-
119.	North Central Railway	Kanpur - Construction of MEMU Car shed	WKSP	-
120.	North Central Railway	Jhansi-Setting up of coach periodic overhauling and refurbishment workshop	WKSP	-
121.	Northern Railway	Sonipat-Setting up of coach periodical overhauling and refurbishment workshop	WKSP	-
122.	South Central Railway	Workshop for Manufacture of Flat Bogies for LHB Design Coaches, Yadgir	WKSP	-
123.	South Eastern Railway	Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sankrail / Haldia	WKSP	-
124.	DLW	Varanasi - Augmentation of Production Capacity from 200 to 250 High HP Locos Per Year	WKSP	-
125.	North Eastern Railway	Aunrihar - DEMU Shed	WKSP	-
126.	North Eastern Railway	Saidpur Bhitri- Setting up of electric loco shed to home 200 locos	WKSP	-
127.	North Eastern Railway	Dullahapur Yard - Provision of tower wagon periodic overhauling shed	WKSP	-
128.	Western Railway	Vadodara - Setting up of New PoH Shop for Electrical Locos	WKSP	-
129.	South Central Railway	Hyderabad-Secunderabad - Multi modal transport system (Phase-II)-MTP	MTP	78
130.	METKOL	MM of Existing Corridor Noparanagar-Baranagar- Daksineshwar	MTP	4.14
131.	Eastern Railway	Barddhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213	ROB	-
132.	Southern Railway	Srirangam-Tiruchchirapalli Town - 4-lane road over bridge in lieu of 2- lane bridge No.380-A	ROB	-
133.	Deposit	Electrification of IOC Siding at Salawas (Deposit Work)	RE	2.82
134.	Deposit	Electrification of IOCL Siding at Pakni (4 km)	RE	4.15
135.	Deposit	Electrification of Ultra Tech Cement Siding at Hotgi (8km)	RE	9.75
136.	Deposit	Electrification of Chettinad Cement Siding at Tilati (7.1km)	RE	5.9
137.	South Central Railway	Secunderabad- Upgradation of facilities at Centralised Training Academy for Railway Accounts	OSW	-
138.	North Western Railway	Madar - Palanpur - Removing of PSR Kms 589/1 to 590/1)	TR	-
139.	South Central Railway	Moula Ali - Setting Up of Indian Railway Institute of Finance Management	TRG	-
140.	South Central Railway	Lallaguda (Carriage Workshop)- Replacement of 100-Year-Old Administrative Building	OSW	-
141.	South Western Railway	New Station Building at Belguam	OSW	-
142.	South Western Railway	Second Entry Station Building at Belguam	OSW	-
143.	South Western Railway	Proposed Coaching Depot at Belgaum	OSW	-
144.	South Western Railway	Yard Remodelling Works at Belgaum	OSW	-
145.	North Central Railway	Jhansi-Garhmau, Orai-Ata, Ata-Kalpi & Pokhrayan- Lalpur - Splitting of longer block sections	TF	-
146.	North Central Railway	Paman-Bhimsen - New B-class station	TF	-
147.	South Central Railway	Umdanagar- Timmapur - New Crossing Station	TFC	-
148.	Western Railway	Sabarmati-Botad-subways in lieu of level crossing-23 Nos.	RSW	-
149.	Western Railway	Sabarmati-Botad-Subways in lieu of LCs-14 Nos.	RSW	-
150.	Western Railway	Dhasa-Jetalsar-Subways in lieu of Level Crossing-35 Nos.	RSW	-
151.	Northern Railway	Final Location Survey for New Line Connectivity to Char Dham (327 km)	FLS	-

The list of 6 projects fully commissioned in 2024-25 are as under:

S. No.	Railway	Project Name	Type of Project	Length (km)
152.	Northern Railway	Rajpura- Bhatinda (172.64 km)	Doubling	173.38
153.	North Eastern Railway	Janghai- Phahamau DL	Doubling	49.16
154.	North Eastern Railway	Varanasi- Madhosingh- Allahabad	Doubling	120.35
155.	North Eastern Railway	Daraganj- Rebuiding (Bridge No. 111 on Ganga)	BRWG	1.934
156.	Southern Railway	Pamban Bridge (Lifting Span Bridge)	BRWG	3.959
157.	Western Railway	RE of Ahmedabad- Botad (170.48 km)	RE	170.48

3.5.1 Sections of Projects Commissioned and handed over to Railways in 2024-25:

In 2024-25, 345.89km sections were commissioned consisting of 3.2km of New Line and 342.69 km of Doubling handed over to Zonal Railways for operations. 158.19 km of Railway Electrification was also carried out, in addition, Railway Electrification of 324.83 km was also carried out in other than specific Railway Electrification projects as part of Doubling, the details are given below:

S. N.	Plan Head	Name of work	Section Targeted	Section Length (km)	Total Length (km)	Zonal Railway
1	NL	Bhanupali- Bilaspur- Beri	Shri Anandpur Sahib - Nangal Dam	3.2	3.2	NR
			Total New Line:	3.2	3.2
2	DL	Dhanbad-Sonnagar	Bendi (IBH) - Latehar - Demu -	20.55	46.85	ECR
		(Patratu- Sonnagar) -	Richughuta
		3rd line (291 km)	Japla (JPL) - Navinagar	15.83
			Untari Rd. - Karkatta - Sigsigi	10.47
3	DL	Vizianagaram- Sambhalpur (Titlagarh)	Doikallu (DKLU) - Ambodala (AMB) - Lajnjigarh Road Jn. (LJR)	25.39	55.54	ECOR
		3rd line (264.60 km)	Doikallu - Muniguda - Bissamcuttack	30.15
4	DL	Rajpura- Bhatinda (172.64 km)	Hadiaya (HYA) - Tapa (TPA) - Rampura Phul (PUL) - Lehra Muhabat (LHM)	33.47	33.47	NR
5	DL	Janghai- Phapamau DL	Janghai Jn. - Baryaram - Ugrasenpur	17.07	49.16	NR
			Ugrasenpur - Phulpur - Saraichandi-	32.09
			Tharwai - Phaphamau Jn.
6	DL	Mathura- Jhansi-3rd line (273.80 km)	Hetampur - Dhaulpur	13.56	46.05	NCR
			Sandalpur - Antri	6.56
			Gwalior - Sithouli - Sandalpur	16.04
			Mathura - Baad	9.89
7	DL	Varanasi-Madhosingh- Allahabad (120.20 km)	Allahabad City (ALY) - Allahabad Jn. (ALD)	2.27	9.60	NER
			Jhusi (JI) - Daraganj (DRGJ) - Allahabad City (ALY)	7.33
8	DL	Mau- Shahganj	Khorasan Rd - Didarganj - Shahganj	21.50	41.51	NER
			Phariha - Sanjarpur - Saraimir - Khorasan Road (KRND)	20.01
9	DL	Bhatni- Aunrihar	Belthara Road - Govindpur Dugauli - Kidihrapur	13.85	32.36	NER
			Dullahpur - Jakhanian - Hurmujpur - Sadat (SDT)	18.51
10	DL	Kharagpur- Adityapur 3rd line (132 km)	Adityapur Yard	3.40	3.40	SER
11	DL	Hospet- Tinaighat- Vasco(362.73 Km)	Majodara Jn.- Cansaulim	4.37	13.90	SWR
			Tinaighat- Duski	9.53
12	DL	Bina- Kota DL	Malkhedi- Mahadeokhedi	6.89	6.89	WCR
13	BW	Pamban Bridge	Pamban Bridge	3.96	3.96	SR
			Total DL	342.69	342.69
			G. Total	345.89	345.89

The list of Projects/ sections under Railway Electrifications plan head commissioned during 2024-25 is as under:

	Railway Electrification Projects
S. No	Name of work	Section Targeted	Length (Rkm)	Total Length (Rkm)	Zonal Railway
1	Dallirajhara- Rowghat (95 km)	Dallirajhara-Bhanupratappur	25.90	43.04	SECR
	Antagarh- Taroki		17.14
2	Sabarmati- Botad RE	Muraiya- Bhimnath	105.15	105.15	WR
3	Hospet- Hubli -Vasco Da Gama	Castle Rock-Carnanzol	10.00	10.00	SWR
	RE Total (RKM):		158.19	158.19

3.6 Signalling and Telecommunication

The Signaling & Telecommunication (S&T) domain provides appropriate and cost-effective solutions for efficient and safe operation of trains on Indian Railways. RVNL promotes use of modern technologies on Indian Railways namely Electronic Interlocking (EI), Digital Axle Counters, Fiber Optic Cable Network, Automatic Block Signaling, ETCS L1/L2/L3, IOT based Diagnostic & Predictive Maintenance systems etc.

The technological advancement is aimed to achieve high level of safety in train operations, availability of system and increased speeds of trains with minimum head ways. This ensures the efficient punctual operation of Freight as well as of Coaching Trains. This has resulted in reduction of turnaround in freight transportation. With continuous and tireless effort of S&T vertical of RVNL in Railway Infrastructure, Indian Railways is able to achieve increase in freight loading and operation of large number of passenger trains across the length and breadth of the country.

RVNL is a major contributor in providing EI installations on Indian Railways in connection with Doubling, 3rd Line, New Line and Gauge Conversion. Keeping its tradition high, during FY 2024-25, RVNL has commissioned Electronic Interlockings at 47 Stations on Indian Railways. Besides new EIs, RVNL has commissioned modification at 44 stations on Indian Railways to decongest Railways existing routes.

In its commitment to Indian Railways, RVNL has commissioned Major Yards of Indian Railways such as Yard remodeling of Ambodala, Talcher Road, and Adityapura with routes varying from 200 to 585 Routes.

RVNL has taken up 86 Nos. of Non-Interlocking (NIs) of stations for commissioning of Doubling & 3rd Line projects during the year. RVNL has also commissioned the 30 numbers of IBS, 166 Automatic Signalling using Electronic Interlocking and 41 Nos of mid-section level crossing gates have been interlocked with signals to improve safety of road user. Not only on the Signalling front, RVNL has also completed the incredible achievement in the area of telecommunication by providing 2763 km of Fiber Optic Network and 6 Quad Cable network during the year.

RVNL has increased team of IRSTELO license holders who are experienced to approve Logic & Interface Circuits and design drawings of all types of Railway signaling systems in-house. Besides, Railway Board had entrusted RVNL to approve Logic & Interface

Circuits through 3rd Party IRSTELO license holders for CR, SCR, WR & WCR up to 75 routes. So far, RVNL has checked Logic & Interface Circuits of more than 20 stations of NCR icw 3rd line Automatic Block Signalling. This has reduced the workload of Zonal Railways on document approval organization and expedited the approval process of Logic & Interface Circuits. This has resulted in timely commissioning of large number of stations by RVNL to adhere the target set by Railway Board.

RVNL has commissioned latest Communication-Based Train Control (CBTC) Signalling System from JOKA to MAJERHAT (10 km UP & DN each) on Kolkata Metro . Similarily Communication-Based Train Control (CBTC) based Signalling System from Kavi Subhash to Beliaghat (10 km UP & DN each) on Kolkata Metro is ready for commissioning.

RVNL has participated in various tenders of Automatic Signalling of Zonal Railways and has been awarded Automatic Signalling works of Rs 148.96 crore (SECR & SR) during FY 2024-25.

RVNL has also participated in BSNL tender for Development (Creation, Upgradation, Operation & Maintenance) of Middle Mile Network of Bharat Net on Design Build Operate & Maintain (DBOM) for UP East and UP West and has been awarded works worth Rs 13235.56 crore during FY 2024-25.

Having played a very vital role in providing large nos. of signaling installations in connection with large infrastructure projects on Indian Railway, Signaling & Telecommunication vertical is on the lookout for opportunities in various signalling and telecom sector of Railways & other industries within India & abroad.

3.7 Projects under implementation:

There are 120 projects under various stages of implementation by RVNL.

3.7.1 The details of 28 projects assigned by Ministry of Railways to RVNL till March 2025 and which are under implementation are as under:

S. No.	Railway	Name of Project	Plan Head
1.	ER	Nabadwipghat-Nabadwipdham upto BB loop (9.58 km) {Part of Kalinarayanpur-Krishnanagar with Krishnanagar-Shantipur Nabadwip- ghat- GC, Krishnanagar-Chartala, MM for Krishnanagar Chapra-NL, Naihati-Ranaghat-3rd line, Nabadwipghat-Nabadwipdham upto BB loop (9.58 km), Ranaghat-Lalgola strengthening (bridge No.2)}	Doubling
2.	ECR	Dhanbad-Sonnagar (Patratu-Sonnagar) - 3rd line (291 km)	Doubling
3.	ECoR	Vizianagaram-Sambhalpur (Titlagarh) 3rd line	Doubling
4.	NCR	Mathura-Jhansi 3rd line	Doubling
5.	NER	Bhatni - Aunrihar with electrification (125 km) (excl Indara - Mau (116.95 km))	Doubling
6.	NER	Phephna-Indara, Mau-Shahganj (excl. Indara-Mau) (150.28 km) DL	Doubling
7.	SCR	Vijayawada-Gudur 3rd line	Doubling
8.	SER	Kharagpur (Nimpura)-Adityapur 3rd line (132 km)	Doubling
9.	SWR	Hospet-Hubli-Londa-Tinaighat-Vasco da Gama (352.28 km)	Doubling
10.	WR	Junagarh -Visavadar (42.28) km	Gauge Conversion
11.	CR	Yevatmal- Nanded (206 km) NL	New Line
12.	ECR	Fatuah-Islampur incl. material modification for extension of new line from Neora to Daniawan; Daniawan to Biharsharif; Biharsharif to Barbigha; Barbigha to Sheikhpura	New Line
13.	NR	Rishikesh-Karnaprayag (125.09 km)	New Line
14.	NR	Bhanupalli-Bilaspur-Beri (63.1 km)	New Line
15.	SECR	Dallirajhara-Rowghat (90 km) {Part of Dallirajhara-Jagdalpur (235 km)}	New Line
16.	WCR	Indore-Jabalpur (342 km) NL sanctioned as Budhni-Indore (205 km)	New Line
17.	CORE	Hospet - Hubli - Vasco da Gama (346 km)	RE
18.	SCR	Kazipet - Workshop for Wagon Periodical Overhauling	WKSP
19.	SR	Repair of S&T Workshop at Podanur, Tamil Nadu	WKSP
20.	ER	Samudragarh- Nabadwipdham - Road over bridge in lieu of level crossing No.14	RSW
21.	WR	National Rail & Transportation Institute at Vadodara (NAIR)	TRG
22.	WR	Construction of hostels in centralised training institutes (Umbrella Work 2019-20)	TRG
23.	WR	Infrastructure up-gradation of Training Institutes at NAIR Campus	TRG
24.	SECR	Direct Power Supply from Central Generating Agencies	OEW
25.	SCR	Ghatkesar-Raigir (Yadadri)-Extension of multi modal transportation system Phase-II	MTP
26.	MET	Baranagar-Barrackpore & Dakshineswar - Construction of Metro Railway (14.5 km)	MTP
27.	MET	Dum Dum Airport-New Garia via Rajerhat - Construction of Metro Railway (32 km) including Naupara (Ex.)-Baranagar (2.6 km) {Part of Dumdum-Baranagar Metro Railway sanctioned as MM to Dumdum-New Garia Metro Railway vide letter No. 96/Proj/C/5/1/Pt. Dated 30.10.09]	MTP
28.	MET	Joka-Binoy Badal Dinesh Bagh via Majerhat - Construction of Metro railway (16.72 km) incl material modification for extension from Joka Diamond Park (Phase-I)	MTP

3.7.2 The list of 94 projects awarded to RVNL through Competitive Bidding and under execution is as under:

The details of 58 projects awarded to RVNL through competitive biddings up to March 2024 are as under:

S. No.	Agency/ Client	Name of Project	Plan Head
1.	MP Metro	Design and Construction of Elevated 10 km Viaduct and 09 Elevated Metro Stations including all Civil, Structural, Roof structure, MEP works, Architectural finishes, Fagade, etc for Indore Metro Rail Project.	Metro Works
2.	MP Metro	Design and Construction of 07 Elevated Metro Stations including Structures, Architectural Finishes, E&M Works etc. of Indore Metro Rail Project.	Metro Works
3.	NHIDCL	DPR Preparation for Highways in North-East Region in state of Nagaland for length of 200 KM.	DDC
4.	NHIDCL	DPR Preparation for Highways in North-East Region in state of Nagaland for length of 280 KM.	DDC
5.	NHIDCL	DPR Preparation for Highways in North-East Region in state of Mizoram for length of 740 KM.	DDC
6.	NFR	Construction of Single BG Tunnel Line No. 06 (approx. length 4930m) between Ch. 45800 to Ch. 50730 including Escape Tunnel (Total length 4600m), in connection with DMV-Kohima new BG Line Project	Civil
7.	GMRCL	Supply Installation Testing and Commissioning of Ballastless track (L - 55 TKM) from Sarthana to Dream city in elevated and underground section for corriodr -1, Surat Metro, Phase -II	Civil
8.	NHAI	Construction Of 4 Laning of Nh-5 From Kaithlighat To Shakral Village (Shimla Bypass Package 1: From Km 128.835 To Km 146.300 For Design Length=17.465km) In Himachal Pradesh On Hybrid Annuity Mode.	Civil
9.	NHAI	Construction of 4 lane highway from Samarlakota to Achampeta Junction (from km. 0.000 to Km. 12.250) as a part of Kakinada port to NH-16 connectivity in the State of Andhra Pradesh under Bharatmala Pariyojana on EPC mode.	Civil
10.	AMC	Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage-2: Kharicut Canal Development Navyug School Canal Crossing to Nidhipark Society (Ch. 2500 - Ch. 5000)	Civil
11.	AMC	Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage-3: Kharicut Canal Development Nidhipark Society to Odhav Fire Station (Ch. 5000 - Ch. 7600)	Civil
12.	GoG- NH Division	Up gradation to Six Lane with Paved Shoulder of Sarkhej-Changodar Section of NH 8A (New NH 47) from KM 11+950 to KM 16+000 on EPC mode in the State of Gujarat	Civil
13.	CMRCL	Construction of Elevated Viaduct (approximate length of 10 km), nine (9) Elevated Metro Stations at Sholinganallur Lake-I, Sri Ponniamman Temple Sholinganallur Lake-II, Sathyabama University Semmeancheri-I, Semmeancheri-II, Gandhi Nagar, Navallur, Siruseri, Siruseri Sipcot-1 And Siruseri SIPCOT-2 and stabling viaduct at SIPCOT	Civil
14.	GMRCL	Construction of Bhesan Depot Cum Workshop Which Includes DCC, BCC and Associated E&M Works Under Corridor - C2, Bhesan To Saroli, For Surat Metro Rail Project Phase - 1, DC-2	Civil
15.	CORE	Design, Supply, Erection, Testing and Commissioning for OHE Modification Work in the existing 25 kV OHE for increasing speed potential to 160 KMPH under East Central Railway Pradhankhanta - Bandhua Section of Dhanbad Division (DHN).	Electrical
16.	MEA	Development of the UTF Harbour Project in Maldives	Civil
17.	Southern Railway	Provision of Automatic Block Signalling with Dual MSDAC, EI/OC interface and Block Optimization in Arakkonam Junction(AJJ)-Nagari (NG) Section of Chennai (MAS) Division in Southern Railway (Reach-I).	S&T
18.	Southern Railway	Provision of Automatic Block Signaling with Dual MSDAC, EI/OC Interface and Block Optimization in NAGARI(NG) - TADUKU(TDK) section and Replacement of EI/RRI at VEPAGUNTA (VGA) Station of CHENNAI (MAS) Division in Southern Railway (Reach-II).	S&T
19.	Southern Railway	Provision of Automatic Block Signaling with Dual MSDAC, EI/OC Interface and Block Optimization in TADUKU(TDK)-RENIGUNTA (RU) section and Replacement of EI/RRI at TADUKU (TDK), PUDI (PUDI) & SRI VENKATA PERUMAL RAJU PURAM (SVF) Stations of CHENNAI (MAS) Division in Southern Railway (Reach-III).	S&T
20.	MPPKVVCL	Commissioning of 33 kV Line associated works such as 33 kV Line Bifurcation, 33 kV Line Interconnection and 33 kV Line Conductor Augmentation in Rewa, Satna, Sidhi, Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles (Package-10) area of MPPKVVCL, Jabalpur under Revamped - Reforms - Based and Results - Linked Distribution Sector Scheme	Electrical
21.	GMRCL	Supply, Erection, Testing and Commissioning of power Supply Receiving & Distribution System, 750 V D Third Rail Traction Electrification and Scada system for Ahmedabad Metro	Electrical
22.	NWR	Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western Railway.	S&T
23.	IR	Manufacturing cum Maintenance of 200 nos. of Vande Bharat Trainsets including upgradation of the Government Manufacturing Units & Trainsets Depots	Manuf acturing
24.	MPPKVVCL	Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited
MPMKVVCL - Civil	Electrical
25.	MPPKVVCL	Madhya Pradesh Poorva Kshetra: Revamped - Reforms - Based and Results - Linked Distribution Sector Scheme (RDSS) (Pkg-12)	Electrical
26.	NHAI	Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the state of Jharkhand on Hybrid Annuity Mode (Package 8).	Civil
27.	NHAI	Construction of Six Lane Elevated Kona Expressway from Km. 0.145 to Km. 7.337 of NH-117 in the state of West Bengal on EPC mode	Civil
28.	North Central Railway	Provision of EI based Automatic Signaling with continuous track circuiting and other associated works including suitable Indoor alteration in Electronic Interlocking/RRI/PI stations enroute in Jhansi (incl)-Gwalior (Incl.) section of Jhansi Division of North Central Railway.	S&T
29.	GMRCL	Supply, Erection, Testing and Commissioning of Power Supply Receiving & Distribution System, 750 V Dc Third Rail Traction Electrification And Scada System For Surat Metro Rail Project Phase-I	Metro
30.	HORC	C-4: Composite Contract package in connection with New BG Railway Line of HORC project for: (i) Design & Construction of Twin Tunnel using NATM and Cut & Cover method from km 24.880 to km 29.580; (ii) Design & Installation of Ballastless Track (excluding supply of rails) from km 24.856 to km 29.680; (iii) Detailed Design, Supply, Installation, Testing & Commissioning of General Electrical Services including Supply, Erection, Testing and Commissioning of 11kV HT/LT Power and Control Cable Network, GIS Substation (11/0.433) kVA, Tunnel lighting system, etc. from km 24.880 to km 29.680; (iv) Design & Construction of Embankment, Bridges and other miscellaneous works from km 12.00 to km 18.00.	Civil
31.	MMRDA	Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV receiving substation including 110 kV, 33kV & 25kV cabling work, complete 25kV overhead catenary system alongwith switching station, 33kV auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA. (IFB No: MMRDA/2B/MMRP/CA-40). Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV	Electrical
32.	CMRL	Construction of Five (05) UG Stations at KMC(Kilpauk), Sterling Road, Nungambakkam, Gemini (Anna Flyover), Thousand Lights and Thousand Lights Cross Over Box and works other than Diaphragm wall of Two UG Stations at Royapettah Chetpet Metro in C3 of CMRL Phase-II Project. UG-03	Metro
33.	CMRL	Construction of Four Underground Stations at Dr. Radhakrishan Salai, Thirumayilai, Mandaiveli and Adyar Junction and Two Cross Passage Shafts and One Emergency Escape Shaft and works other than Diaphragm wall of One Underground Stations at Greenways Road Metro in Corridor-3 of CMRL Phase-II Project". UG -04	Metro
34.	CMRL	Construction of three (03) Underground Stations at Adyar Depot, Indira Nagar and Taramani Road Junction (Taramani) & Ramp and works other than Diaphragm wall of One Underground Station at Thiruvanmiyur Metro in Corridor-3 of CMRL Phase-II Project".-UG - 5	Metro
35	N.F. Railway	Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria- Thakurganj New line Section in connection with New Line Project of Araria- Galgalia of N.F. Railway, including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section.(106.958 RKM/119.27 TKM). (in EPC mode)(Tender No: EL-C- NFR-OHE-TSS-A-G-1RT3)	Electrical
36	EDCL Rwanda	Rawanda 008 - Transmission System Reinforcement and Last Mile Connectivity Plant Design Supply and Installation of 45.8 KM (110 kV Double Circuit Rukarara - Huye	Electrical
37.	MMRDA	Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV receiving substation including 110 kV, 33 kV & 25 kV cabling work, complete 25 kV overhead catenary system alongwith switching station, 33 kV auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA. (IFB No: MMRDA/2B/MMRP/CA-40). Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV	Electrical
38.	CMRL	Construction of Five (05) UG Stations at KMC(Kilpauk), Sterling Road, Nungambakkam, Gemini (Anna Flyover), Thousand Lights and Thousand Lights Cross Over Box and works other than Diaphragm wall of Two UG Stations at Royapettah Chetpet Metro in C3 of CMRL Phase-II Project. UG-03	Metro
39.	WATER RESOURCES ZONE, UDAIPUR	Planning, Design and Construction of main Canal and Structures including associated distribution system to provide Irrigation facility to 41903 ha. area through Piped Irrigation Network for Upper High- Level Canal of Mahi Bajaj Sagar Project, Banswara (Raj) on Engineering, Procurement and Construction (E.P.C.) Single Responsibility turnkey basis, including 10 years O&M.	Canal
40.	South Central Railway	Comprehensive Signalling and Telecommunication Works For Provision Of Automatic Block Signalling System In Balharshah - Makudi Section of Secunderabad Division In South Central Railway.	Signalling
41.	MPPKVVCL	Supply, Installation, Testing and Commissioning of New 11 kV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, crossing etc. for separation of 11 kV Mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-16) in Chhatarpur circle of MPPKVVCL, Jabalpur Company Area.	Transmission Line
42.	MPPKVVCL	Supply, Installation, Testing and Commissioning of New 11 kV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, crossing etc. for separation of 11 kV Mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-17) in Seoni & Narsinghpur circle of MPPKVVCL, Jabalpur Company Area.	Transmission Line
43.	MMRCL	Design and Construction of Elevated metro viaduct of length 6.92 km between Ch. (-) 657.182 m to Ch. (-) 7576.78 m in reach 2A of NMRP phase-2	Metro
44.	NHAI	Rehabilitation and Upgradation from 4 to 8 laning of Chandikhole - Paradip Section of NH-53 (Old NH - 5A) from km.60.000 to km.76.646 (Package-4) in the State of Odisha on HAM mode - 2nd Call	NHAI
45.	Madhya Gujarat Vij Company Limited	MADHYA GUJARAT VIJ COMPANY LTD.: Revamped - Reforms - Based and Results - Linked Distribution Sector Scheme (RDSS) (Vadodara)	Transmission Line
46.	Madhya Gujarat Vij Company Limited	MADHYA GUJARAT VIJ COMPANY LTD.: Full Turnkey Contract (Design, Supply and Installation) for Development of Distribution Infrastructure work for Loss Reduction at Dist. Dahod under Revamped Reforms- Based and Result-linked Distribution Sector Scheme	Transmission Line
47.	MMRCL	Construction of A) Six Elevated Metro Station viz. Pili Nadi to Lekha Nagar in Reach-2A, B) One Elevated and one At-Grade station viz. Eco park and Metro City in Reach-1A respectively, C) At-Grade section Formation earthwork, boundary wall and retaining wall between Ch. 19550 to Ch. 20421.016 & Ch. 20498.516 to Ch. 21296.917, D) Elevated Metro track supporting structure for Eco park Metro station between Ch. 20421.016 to Ch. 20498.516 and E) Multi-Storied Building at Tulsi School Land (at Sitabuldi) of NMRP Phase-2	Metro
48.	Western Railway	All civil engineering works (Earthwork, Blanketing, Retaining Wall/ Boundary Wall/Side Drain, Major Bridges, Minor Bridges and LHS/RUB, LCs, Construction of Station Buildings, Platform, Subways Cover over Platforms, Staff Quarters, Passenger Amenities, Circulating Area,	Track Work
		Approach Roads, Offices, Service Buildings, Watering, Sanitation, Protection Works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Petlad - Bhadran (22.50 kms) of Vadodara Division on Western Railway.
49.	Western Railway	All civil engineering works (Earthwork, Blanketing, Retaining Wall/ Boundary Wall/Side Drain, Major Bridges, Minor Bridges and LHS/RUB, LCs, Construction of Station Buildings, Platform, Subways Cover over Platforms, Staff Quarters, Passenger Amenities, Circulating Area, Approach Roads, Offices, Service Buildings, Watering, Sanitation, protection works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Nadiad - Petlad (37.26 kms) of Vadodara Division on Western Railway.	Track Work
50.	Central Railway	Construction of 4 nos Tunnels (Total Length 1.6 km) with Ballast less track, Earthwork in formation, Construction of Important Bridges (2 nos), Major Bridges (1no), Minor Bridges (25 nos), Supply of Stone ballast, Track linking, Side drain retaining wall etc. from km. 831.8 to km. 841.9 in Dharakoh Maramjhiri section in connection with third line.	Tunnels
51.	HPSEBL	Development of Distribution Infrastructure at SOUTH ZONE of Himachal Pradesh under the Revamped Reforms-based and Results- linked, Distribution Sector Scheme [Loss Reduction Works]NIT/RFB No: CE(MM)/RDSS-(P-03)/SOUTH ZONE	Transmission Line
52.	HPSEBL	Development of Distribution Infrastructure at NORTH ZONE of Himachal Pradesh under the Revamped Reforms-based and Results- linked, Distribution Sector Scheme [Loss Reduction Works]	Transmission Line
53.	MPMRCL	Part Design and Construction of Elevated Viaduct, Five (5) Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project (Package IN-04)	Metro
54.	IRSR	Varkala Sivagiri Railway station - Major upgradation/ Redevelopement of Varkala Sivagiri Railway Station in Kerala	Railway Infrastructure
55.	MPPKVVCL	Supply, Installation, Testing and Commissioning of 11 kV Line associated works such as 11 kV Line Bifurcation, 11 kV Line Interconnection, 11 kV Line Conductor Augmentation, LT AB Cabling Augmentation and conversion of LT Bare conductor to AB Cabling under Revamped Reforms-based and Results-linked Distribution Sector (Package-11) in Jabalpur (City), Jabalpur (O&M),Katni, Mandla, Dindori, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur and Umariya Circles of MPPKVVCL, Jabalpur Company Area.	Transmission Line
56.	MPPKVVCL	Supply, Installation, Testing and Commissioning of New 11 kV Line for Bifurcation & Interconnection, Additional 11 kV Bay at 33/11 kV Sub- station, Augmentation of conductor of 33 kV & 11 kV Lines, Additional Distribution Transformer Substations with associate New 11 kV Lines, LT Line on AB cable, Conversion of Bare LT line with AB Cable, Augmentation of LT AB Cable, Cover conductor for 11 kV Line Crossing Agriculture& Non Agriculture Feeder, 11 kv and 33 kv Bus Bar renovation other associated work, and Supporting works such as DPs, TPs, Crossing etc. in Jhabua O&M Division (LOT-12)under the Revamped Reforms- based and Results-linked, Distribution Sector Scheme	Transmission Line
57.	MPPKVVCL	Construction of 220kV & 132kV Transmission Lines and associated Feeder Bays on total Turnkey basis in Eastern MP	Transmission Line
58.	MMRCL Pune Metro	Design and Construction of Elevated Viaduct of Length 4.519 kms from CH: (-)1079.899 m to CH: (-)5599.298 m between PCMC and NIGDI (Bhakti Shakti) on the North-South Corridor of Pune Metro Rail Project- Reachl - Extension.	Metro
59.	RRVPNL	Supply & ETC of 132/33 kV Grid Sub-stations alongwith associated Lines & Bays	Transmission Line
60.	Central Railway	Signalling and Telecommunication work for provision of Automatic block signaling on Khapri-Sewagram Section of Nagpur Division. Tender No. 55-2023-GSU-AUTO-KRISEGM	Signalling

3.7.3 The list of 36 projects, awarded to RVNL through Competitive Bidding in 2024-25 and under execution is as under:

S. No.	Agency/ Client	Name of Project	Plan Head
1.	IR SCR	Engineering, Procurement and Construction (EPC) Tender for "Proposed Doubling of Track between Ankai station (Excluding) at Km 16.00 (Ch 16000) & Karanjgaon Station (Excluding) at km 69.01(Ch 69010) [i.e. (53.01 km)] including Electrification and Signaling works in connection with Aurangabad-Ankai Doubling Project in Nanded Division of South Central Railway".	Track Work
2.	IR SR	Redevelopment of Thiruvananthapuram Central Railway Station (JV with KRDCL)	Railway Infrastructure
3.	IR Southern Railway	Provision of Automatic Block Signaling System in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway.	Signalling
4.	IR Eastern Railway	Construction of Sitarampur bypass line under Asansol Division of Eastern Railway.	Track Work
5.	IR South East Central Railway	Provision of Auto Signalling with Electronic Interlocking (OFC Based) between Champa- Saragaon-Baraduar-Sakti section with alteration in existing Electronic Interlocking & Supply, Installation, Testing, Commissioning of new Electronic Interlocking, MSDAC & IPS etc., execution of all indoor & outdoor works & construction and Electrification of the huts etc. in Champa-Sakti Section of Bilaspur Division of S.E.C. Railway.	Signalling
6.	NMRCL	Construction of 6 nos Elevated Metro Stations (Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club And Kanhan River Metro Station) Between Ch.- 7576.78 mm To Ch-13457.76 mm In Reach 2b of NMRP Phase 2	Metro
7.	IR North Central Railway	Provision of EI based Automatic Signaling with continuous track circuiting and other Associated works along with suitable indoor alterations in Electronic interlocking/RRI/PI stations enroute in Dhaulpur-Gwalior Section of Jhansi Division of North Central Railway	Signalling
8.	NTPC	PEA contract for execution of Balance Civil & HM works of Barrage Complex including part HRT package of Rammam Hydro Electric Project Stage-III (3x40 MW).	Infrastructure
9.	Southern Railway	Provision of Automatic Signalling on Ernakulam JN (ERS) - Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway	Signalling
10.	Central Railway	OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV At Feeding System in Amla-Nagpur Section in Nagpur Division of Central Railway to meet 3000 MT loading target.	Electrical
11.	Bangalore Metro	Engineering, Supply, Erection, Testing and Commissioning of 33 kV Distribution, 750v DC Third Rail Traction Electrification Including Traction Sub-stations, Auxiliary Sub-stations and Scada System for Phase-2a & Phase-2b	Metro
12.	East Coast Railway	Provision of Automatic Block Signaling System with dual MSDAC and alteration in existing EI/PI/RRI stations in the section of Jakhapura-Nergundi, Khurda Road-Bhusundpur & Bhusundpur- Golanthra over Khurda Road Division of East Coast Railway. Tender No. SNTPBBS-032024-JKPR-GTA	Signalling
13.	SER	Design, Supply, Erection, Testing & Commissioning of 132 kV Traction Substation, Sectioning Post (SPs), and Sub Sectioning Post (SSPs) in 2x25 kV System on Rajkhaswan-Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway to meet 3000MT loading target on EPC mode	Electrical
14.	Central Railway	OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV At Feeding System in Wardha-Ballarshah Section in Nagpur Division of Central Railway to meet 3000 MT loading target	Electrical
15.	Central Railway	Design, Supply, Erection, Testing & Commissioning of 132 kV Traction Substation Sectioning Post (SPs) and Sub Sectioning Post (SSPs) in 2x25 kV System on Kharagpur - Bhadrak section of Kharagpur Division of South Eastern Railway to meet 3000MT	Electrical
16.	Himachal Central zone	Development of Distribution Infrastructure at CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results- linked, Distribution Sector Scheme [Loss Reduction Works]	Transmission Line
17.	Southern Railway	Provision of MSDAC with existing DCTC at Stations (To serve as Dual Detection) and replacing balance AFTCs in MAS-GDR & MSB-TBM automatic block signalling sections of Chennai Division in Southern Railway.	Signalling
18.	ECR	Design, Supply, Erection, Testing and Commissioning of 2x25 kV feeder line along the track with 25 kV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road - Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM).	Electrical
19.	East Coast Railway	3rd& 4th line between Jarapada & Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd& 4th line of Jarapada-Budhapank Project and between Angul & Balram including yards of MCRL Inner Corridor Phase-I Doubling	Track Work
20.	NMRCL	Construction of (A) Elevated Metro Stations Seven Nos In Reach 3a, Namely (1) Hingna Mount View, (2) Rajiv Nagar, (3) Wanadongri,(4) Apmc,(5) Raipur, (6) Hingna Bus Station (7) Hingna,(B) Elevated Metro Stations Three Nos In Reach 4a, Namely (1) Pardi,(2) Kapsi Khurd (3) Transport Nagar of NMRP Phase-2.	Metro
21.	ECR	Design, Supply, Erection, Testing & Commissioning of Traction Sub- stations with associated Switching Posts for upgradation work of electric traction system from 1 X 25 to 2 X 25 kV At feeding system in Gomoh - Patratu Section of Dhanbad Division of East Central Railway	Electrical
22.	South Central Railway	Engineering, Procurement and Construction (EPC) Contract Agreement for Doubling of Track between Parbhani to Parli stations (58.06 kms) (excluding Gangakhed yard from km 292.075 to km 298.85 =6.775 km) including Electrification & Signaling works in connection with Parbhani -Parli doubling project of South Central Railway in the State of Maharashtra.	Track Work
23.	ER	Earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, retaining wall, level crossing, side drain, catch water drain, P.way work and other ancillary works from IR Ch. 205.000 km to 260.2 km between Kalipahari (inc.) to Pradhankhuta (exc.) in connection with construction of Multi- tracking Railway BG line.	Track Work
24.	BSNL	BHARAT SANCHAR NIGAM LIMITED (A Government of India Enterprise)- Bid Document for Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of BharatNet on Design Build Operate and Maintain (DBOM) Model. Package No. -1 to 8 OPEX (Operation & Maintenance) for 10 years for Pkg 3 & 6	BharatNet
25.	KRIDE	Package C-4A: Construction of Nine (9 Nos.) Stations i.e. Elevated (1 No.) and At-Grade (8 Nos.) BSRP Stations of Corridor-4A at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, Kaggadasapura including Civil, Structural, Entry/Exit Structure, Steel FOB, Roof Structures, PEB, works Architectural finishes and E&M Works and Detailed Design & Engineering (DDE) with all associated works for Bengaluru Suburban Rail Project"(BSRP)"	Metro
26.	SCR	SCR Construction Organization: Engineering Procurement Construction (EPC) Contract of Doubling of Track between Navipet station (Excl) From km 446.900 to Indalvai Station (Incl.) km 482.900 (33.70 km), {Excluding Nizamabad Yard from km 458.825 to 461.125 (i.e.) 2.3 Km} including Electrification & Signaling works in of South- Central Railway in connection with Mudkhed-Medchal Doubling Project in the State of Telangana.	Track Work
27.	Punjab RDSS	Development of Distribution Infrastructure Work for Package-3 Central Zone for Execution of Ht/Lt Infrastructure Loss Reduction Works Under Reforms-Based and Results-Linked, Revamped Distribution Sector Scheme (RDSS) In the State of Punjab.	Electrical
28.	CR	Design, Supply, Erection, Testing & Commissioning of 132/55 kV Traction Substation, Sectioning Post (SPs) and Sub Sectioning post (SSPs) in 2 x 25 kV Traction System (Scott Connected Transformer) of Bhusaval - Khandwa Sections of Central Railway, to meet 3000 MT loading target on EPC mode.	Electrical
29.	East Coast Railway	Koraput-Singapur Road Doubling Project: Execution of 27 Nos of Major Bridges i.e. (22 Nos of Major Bridges & 5 Nos of ROBs) and earth work in formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations in connection with Koraput-Singapur Road Doubling Project of Waltair Divison, East Coast Railway	Track Work
30.	SER	Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 kV to 2 x 25 kV traction system for Kharagpur(Excl.)-Tatanagar(Incl.) section of Kharagpur/Chakradharpur division of South Eastern Railway to meet 3000 MT loading target.	Electrical
31.	South Western Railway	Survey, Design, Supply, Installation, Testing and Commissioning of KAVACH equipment and other associated works over 790 RKM of Hubballi & Mysuru Divisions of South Western Railway.	Electrical
32.	SWR	Engineering, Procurement and Construction (EPC) for Design, Supply, Erection, Testing, Commissioning of 2x25 kV OHE & PSI System (TSSS, SPS & SSPS) Including Electrical General Services, Engineering & Telecommunication Works Between Rayadurga (Excl.) (Ch: 205/463) To Pavagada (Incl.) (Ch: 106/000) of TK-RDG Section (99.463 rkm/ 114.145 tkm)	Electrical
33.	NHAI	Construction of six lane connectivity to Visakhapatnam Port Road from km 0.000 (Sabbavaram bypass of Anakapalli - Anandapuram corridor) to km 12.660 (Sheela nagar junction) of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH(O)	Road
34.	CR	OHE Modification Work for Up-gradation of existing 1x25 kV Electric Traction System to 2x25 kV At Feeding System in Itarsi - Amla Section in Nagpur Division of Central Railway to meet 3000 MT Loading Target.	Electrical
35.	SOUTH EASTERN RLY	Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Rajkharsawan - Nayagarh- Bolani section of Chakradharpur division of South Eastern Railway to meet 3000 MT loading target. (Tender No: SER-OHE-RKSN-NYG-2x25KV)	Electrical
36	SOUTH EASTERN RLY	Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Kharagpur (Excl.)-Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway to meet 3000 MT loading targetTender No: SER-OHE-KGP-BHC-2x25KV	Electrical

3.7.4 The list of projects transferred back to Railway in 2024-25 is as under:

S. No.	Railway	Name of Project	Plan Head
1.	ER	Dankuni-Furfura Sharif NL {Part of Liluah-Dankuni - 3rd line (10.13 km) with extension to Furfura Sharif}	DL
2.	WCR	Provision of Addl. Traction Substation at Budhni	OEW
3.	WR	Khijadiya-Visavadar GC (91.27 km)	GC
4.	WR	Veraval-Talala-Visavadar GC (71.95 km)	GC
5.	NER	Setting Up of Centralised Training Institute for IRSME & IRSS Officers at Lucknow	TRG

3.8 Major Projects awarded through Bidding:

3.8.1 Indore Metro Project:

Rail Vikas Nigam Limited (RVNL) has been awarded three major packages (IN02, IN03 & IN04) of the yellow line of the project as detailed under:

Package 02-

Design and Construction of Elevated Metro Rail Stations including all Civil, Structural, Roof structure, MEP works, Architectural finishes, Facade, Entry/Exits, FOB, Viaduct within the stations including Transition spans - Indore Metro Rail Project Yellow Line. (7 no. of Elevated Metro Stations)

Package 03-

Design and Construction of Elevated Viaduct, Viaduct Connecting Depot leading up to interface location, Elevated Metro Rail Stations including all Civil, Structural, Roof structure, MEP works, Architectural finishes, Facade, Entry/Exits, FOB, Viaduct within the stations including Transition spans - Indore Metro Rail Project Yellow Line.

(10.9 km Viaduct & 9 no. of Elevated Metro Stations)

Package 04- "Part Design and Construction of Elevated Viaduct, Five (5) Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project".

(4.73 km Viaduct & 5 no. of Elevated Metro Stations)

Key Highlights/ Achievements of the Project (IN02, IN03 & IN04)

ACHIEVEMENTS:

? After completion of work of 5.8 km viaduct and 5 elevated metro station in Dec24, the CMRS was successfully carried out in 3 stages:

V	CMRS rolling stock:	22nd Jan 2025
V	Dy. CMRS inspection:	10th & 11th Feb 2025
V	CMRS inspection for works:	24th & 25th March 2025

Accordingly, authorization for commercial operations was received for 5.8 km viaduct and 5 elevated metro station.

? Overall Work of 10.8 km viaduct out of 10.927 km completed.

Key Features of the Project

Project consist of 3 Packages named as Package IN-02, Package IN-03 & Package IN- 04, the key features of the areas under:

Package-2 includes 7 nos. of Elevated Metro Stations (ISBT/MR10 flyover, Chandragupta Square, Hira Nagar, Bapat Square, Meghdoot Garden, Vijaynagar Square, Radisson Square) & transition spans.

Description	Unit	IN-02
Alignment - Stations	KM	1.050
Elevated Stations	Nos	7

Package IN-03

Package-3 includes 9 nos. of Elevated Metro Stations (Gandhi Nagar, Super Corridor 6, Super Corridor 5, Super Corridor 4, Super Corridor 3, Super Corridor 2, Super Corridor 1, Bhawarsala, MR10 Road station) & 10.9 km of elevated viaduct (Elevated Viaduct, viaduct connecting Depot leading up to interface location).

Description	Unit	IN-03
Route length	KM	10.927
Elevated Stations	Nos	9

Package IN-04

Package-4 includes 5 nos. of Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862.

4.736 km of elevated viaduct.

JV (RVNL-URCC) [51-49]

Description	Unit	IN-04
Route length	KM	4.736
Elevated Stations	Nos	5

3.8.2 Underground Metro Projects at Chennai (CMRL)

RVNL has won 3 contracts on bidding with Chennai Metro Rail Limited (CMRL) as part of its massive Phase - II expansion in the year 2023 comprising Construction of 16 underground stations spread over 3 contract packages.

Package	Stations	Status
UG03	Kilpauk, Sterling Road, Nungambakkam, Gemini (Anna Flyover), 1000 Lights, Chetpet, Royapettah - 7 Stations	Diaphragm wall & slab works in progress. Utility diversion works nearing completion.
UG04	RK Salai, Thirumayilai (C3 & C4), Mandaiveli, Greenways Road, Adyar Junction - 5 Stations	Diaphragm wall & slab works in progress. Utility diversion works nearing completion.
UG05	Adyar Depot, Indira Nagar, Tiruvanmiyur, Taramani Road Junction - 4 Stations	Diaphragm wall & Utility diversion works in progress.
	16 stations

All the 3 projects are progressing as per the timelines. The project includes some of the deepest stations on the Chennai metro network and are being executed in the heart of the city. The projects on completion are destined to transform the city of Chennai the significant contribution of RVNL in shaping the urban infrastructure will be recorded & recognized as a Nation building exercise.

UG-04 - RK SALAI STATION (North shaft Roof slab casting in progress)

	The List of machineries mobilized for each package as on date is as follows:
Package	Min Requirement		Actual Mobilization
	Trench Cutter	GRAB	Trench Cutter	GRAB	Piling Rig
UG - 3	3	3	7	2	8
UG - 4	4	1	5	3	3
UG - 5	2	2	2	2	3
Total	9	6	15	7	14

3.8.3 Nagpur Metro Projects - Design & Construction of 6.92 km Elevated Metro Viaduct, 24 Elevated Station in Nagpur Metro Rail Project - Phase - II.

Project Brief: -

RVNL is entrusted with 6.92 km viaduct and 24 number of stations for Phase 2 Works in Nagpur Metro for a total assigned value of Rs 1108.43 Cr.

Work is going on in full swing in all packages. Major package pertains to construction of 6.92 km Viaduct (Only Civil Portion). It involves 238 number of spans. Around 45% of this package is complete. Launching of 56 spans (total 1.75 km) with 3 nos of LGs has been completed till date.

This package also involves construction of 210 mtr of CLC with central span of 110 mtr over railway lines which is longest in Nagpur Metro. Total duration of work is 30 months from 06-Oct-23 and it is targeted to be completed within DOC.

Station Works are covered under 3 different Packages (i.e. Reach 2A,1A, 2B, 3A & 4A) and work is going on with desired pace in all packages with heavy deployment of Men and Machineries.

3.8.4 Kakinada 4 - Lane Project of NHAI

Under Bharatmala pariyojana, RVNL PIU/ Waltair is executing the 12.25 km 4-lane highway from Samarlakota to Achampeta junction as a part of port connectivity road from Kakinada port to NH-16 (Kolkata- Chennai). Completion of this project will enhance logistic efficiency and reduce logistics costs of freight movements.

Major Structure Details
Sl No	Structure Details	Qty
1	Box Culverts	27 Nos
2	Minor Bridges	6 Nos
3	Via Duct	1 No (1.7km)
4	Fly Over	1 No (0.45km)
5	SVUP (1 x 7)	3 Nos
6	LVUP (1 x 12)	2 Nos
7	VUP (1 x 30)	1 No
8	ROB	1 No (0.1km)
9	Major Junctions	1 No

 

Project Data
LOA Issued	29-09-2022
Agreement Signed Date	01-05-2023
Appointed Date	17-08-2023
Project Completion Date	15-08-2025
Project Duration	24 Months from Appointed Date

Status of Major Items

S.No.	Description	Unit	Scope	Completed
1	Embankment (Gravel)	Cum	3,32,955	1,33,141
2	RE wall (Pond ash)	Cum	3,56,685	2,71,522
3	Sub grade	Cum	2,30,217	64,903
4	Via Duct	No	1	Work in progress
5	Fly Over	No	1	Work in progress
6	ROB	No	1	Work in progress
7	Minor Bridges	No	6	4
8	VUP	No	1	Work in progress
9	LVUP	No	2	2
10	SVUP	No	3	3
11	Box Culverts	No	27	16
12	CTSB	Km	9.74	3.917
13	CTB	Cum	9.74	3.911
14	WMM	Cum	9.74	3.956
15	DBM	Cum	9.74	3.64
16	BC	Cum	9.74	-
17	REWallpanels Casting	Sqm	40,000	36,931
18	REWallpanels Erection	Sqm	40,000	6209
19	RCCDrain(2Lane)	Km	10	2.154
20	Structural steel	MT	1300	0

3.8.5 Development of Kharicut Canal, Ahmedabad Municipal Corporation Area Package 2 & 3

Kharicut canal is 137 years old canal system catering 10200 ha command area for disposal of rain and storm water from upstream catchment area between Sabarmati and Khari rivers and also used for irrigation purpose. Approximate 23 km length of Kharicut canal which was passing through agricultural land and surrounding villages of Ahmedabad City is now passing through the dense eastern part of Ahmedabad city.

The work of development of the Kharicut Canal was awarded by AMC on 19.10.2022 & RVNLs scope of work covers a total length of 5.1 km, falling under Package 2 & 3, from chainage 2500 to 7600. The primary objective of this project is to improve the environmental and sanitary conditions for residents living along the canal by eliminating unhygienic and foul-smelling surroundings, thereby reducing the risk of diseases. Additionally, the canal alignment has been integrated with a four-lane road, aimed at easing traffic congestion and improving urban mobility. The overall physical progress is approximately 90%.

3.8.6 Manufacturing of 120 Nos. Trainsets (VANDE BHARAT)

The agreement for manufacturing Vande Bharat Sleeper version train was signed on 27 September 2023 between Indian Railways and the JV of JSC Metrovagonmash, RVNL and JSC Locomotive Electronics System (LES) since promoted and incorporated as Kinet Railway Solutions Ltd. (KRSL).

Vande Bharat sleeper train will have 16 coaches which includes 11 AC 3-Tier coaches,

Key components of the project include:

Construction of diaphragm walls (D- walls) on both sides of the canal for structural support.

Construction of Storm Water Drain (SWD) boxes of size 6 m x 3.6 m on both sides.

Installation of precast box segments (2.60 m x 2.60 m x 1.5 m) in the central portion of the canal.

Road construction over the canal consisting of Wet Mix Macadam (WMM) base layer, Dense Bituminous Macadam (DBM) intermediate layer, Bituminous Concrete (BC) top layer.

Landscaping with plantation in the central median to enhance aesthetics.

RCC pipelines and inlet chambers on both outer sides to manage local drainage effectively.

Street lighting provided on both sides for the safety and convenience of pedestrians and vehicular traffic.

In summary, the Kharicut Canal Development Project significantly contributes to a cleaner and healthier environment while also improving transportation infrastructure for the benefit of the citys residents.

4 AC Two-Tier coaches and 1 First AC. It will be equipped with advanced features such as special roofing, enhanced air conditioning, virus control mechanisms, reduced jerks, noise, and vibrations. The project envisages meticulous design of aesthetically appealing interiors and the selection of suitable inside panels in order to produce significantly improved version that sets new standard of excellence & innovation, demonstrating an unwavering commitment to excellence and innovation in rail transportation.

3.8.7 First overseas project in Maldives

RVNL bagged the first offshore order for development of a port and construction of allied infrastructure in Maldives, i.e. for development of UTF (Uthuru Thila Falhu- Island) Harbour Project. This is a strategic project of Government of India. The agreement was signed in January 2023.

The work has taken off well. As on date, the physical progress is 45%, 75% of marine and 10% of land side works have been completed.

3.9 Strategic Railway Projects by RVNL

3.9.1 New Pamban Bridge (2.08 km):

Rail Vikas Nigam Limited (RVNL), was entrusted with the responsibility of construction of New Pamban Bridge in 2019. As the nodal agency for this ambitious infrastructure project, RVNLs role extended from concept to commissioning and not a mere construction of new bridge. RVNL commitment was to deliver a structure that would not only meet the needs of the present but also preserve regions connectivity and economic vitality for time to come. Thus, the project was not merely a replacement to an old bridge, it was about setting a new benchmark in modern bridge engineering.

The New Pamban Bridge is designed as a vertical lift structure with cables/pulley arrangement with advanced geotechnical studies, hydrodynamic analysis, and the use of durable corrosion-resistant materials, we ensured the longevity and strength of the structure. We also used modern construction techniques to speed up the process while ensuring the highest levels of quality control.

Challenges in Construction: Overcoming the Odds

The construction of the New Pamban Bridge presented numerous challenges, ranging from environmental obstacles to logistical complexities. The Palk Straits turbulent waters, strong winds, and unpredictable weather patterns created difficulties in the construction process. Additionally, the regions susceptibility to cyclones and seismic activity necessitated careful planning and robust design.

Logistically, transporting heavy materials to the remote construction site posed another challenge. The narrow windows of opportunity provided by the tides had to be maximized to facilitate the timely delivery of materials. Despite these hurdles, the team of engineers and workers displayed exceptional ingenuity innovative solutions, cutting-edge technology, and sheer determination overcoming the challenges and thereby ensuring the successful completion of the bridge.

It is a matter of great pride that doing the course of work involving more than 1400 tons of fabrication, launching of lift spans and 99 Girders, the whole work was absolutely injury free. This is testimony to RVNLs working methods taking utmost care for safety and health.

The Iconic Pamban Bridge was inaugurated by Honble Prime Minister of India.

Salient features of Pamban Bridge:

Total Length of Bridge	2.08 km
Span Configuration	99x18.30m
	+ 1x72.50m
Weight of Lift span	652 T
Weight of Towers	760 T
Weight of each Counterweight	310 T
Height of Tower	34.80 m
Lift Height	17 m
Lifting Time	5 min 30 Sec

Innovations and New Technology:

• Stainless steel reinforcement used in foundation/ Sub-structure.

• 19.65 m long steel plates to eliminate splice joint in the approach span girders of 18.3 m span.

• Fully welded girder (Box sections) is adopted for lift span truss to minimize the corrosion.

• 20 m long rails 60 kg to reduce rail joints.

• Robust Painting Scheme adopted - design life - 38 years.

• Piling by gantry method on Mandapam end due to shallow depth.

• Complete automation of lifting/ monitoring (SCADA).

3.9.2 Rishikesh-karanprayag New Rail Link Project - 125 km

This transformative project in Uttarakhand is being executed by RVNL. It will connect the states remote hinterlands directly by rail, marking a new chapter in regional connectivity and development. The project spans 125 kms, and the route is charted through the challenging Himalayan terrain. The project comprises 12 new stations 28 tunnels with a cumulative tunnel length of 213 kms and 19 major rail bridges, making it one of the most challenging projects currently underway in India. This line may also serve as the main feeder route for any future Chardham connectivity.

The first block section, a 5.7 km stretch between Virbhadra and Yog Nagri Rishikesh, was successfully completed and commissioned in March 2020. Of the total 213 kms of tunnel excavation planned, 193 km have already been completed, along with 82 km of final lining. 8 out of the 19 major rail bridges have been completed, ensuring vital connectivity across difficult river crossings and valleys. In addition, four key road bridges have been constructed to facilitate access to work sites and future stations. Of the 46 tunnel drives planned, 35 breakthroughs have been successfully achieved.

The New Line is expected to be a catalyst for the socio economic development of the region and will considerably reduce travel time. The breakthrough of 14.57-km-long tunnel no 8 between Devprayag and Janasu was witnessed by Honble Railway Minister. This is the Indias longest transportation tunnel.

3.9.3 Bhanupali-Bilaspur-Beri New Line

The 63 km long Railway line passes through the challenging hill terrain of the lower Himalayas with a total route tunneling of 25.9 km. The proposed electrified BG rail line shall enable regional development through the connectivity of Himachal Pradesh with the national railway network and will act as a gateway to connect with the international borders towards Leh for strategic purposes.

3.9.4 Kolkata Metro Projects:

3.9.4.1 Indian Railways transferred the works of four major projects for extension of Kolkata Metro to RVNL in March 2010 viz.

• Joka-BBD Bag via Majerhat (16.72 km)

• Dum Dum Airport-New Garia via Rajarhat (32 km)

• Baranagar-Barrackpore& Dakshineswar (14.5 km)

• Noapara (Ex.)-Baranagar (2.6 km)

3.9.4.2 Thereon RVNL was entrusted to build Metro corridors of about 65 km in Kolkata without any survey of underground utilities and without any DPR (Detailed Project Report). The issues like removal of encroachments and relocation of utilities along with delay in availability of traffic diversion have affected the execution. RVNL has taken all possible action for implementation and early commissioning of Metro projects for larger interest of people of Kolkata.

3.9.4.3 The foundation stone for Joka-BBD Bag project was laid by Her Excellency, President of India on 22.01.2010. Subsequently, 2 packages for viaduct and 2 packages for stations were awarded in December 2010 and April 2012 respectively. This entire Metro corridor has been planned in 3 phases i.e. in 1st phase from Joka to Majerhat elevated section and in the 2nd phase from Majerhat to Mominpur, in 3rd phase from Mominrur to Esplanade station as underground section. Originally sanctioned as elevated section but Material Modification is sanctioned by Ministry of Railways for underground system from Mominpore to Esplanade. For construction of Mominpur station, working permission from Army HQ has been received only on 20.03.2023 and work going on full swing.

3.9.4.4 Joka - Esplanade Metro Corridor

In the Metro corridor from Joka to Majerhat, from Joka to Taratala (Phase-I) 6.50 km has been inaugurated by Honble Prime Minister on 30.12.2022 & commercial services started by Metro Railway on 02.01.2023. Another phase of 1.25 km from Taratala to Majerhat has been inaugurated by Honble Prime Minister on 06.03.2024 & commercial services started by Metro Railway has been commenced from 15.03.2024. The station over yard at Majerhat is on three layers. Beyond Majerhat, the Joka to Majerhat Metro Corridor is being extended upto Esplanade going underground from Mominpore ramp. The Works contract for the underground section has been awarded and the works of underground portion has been started. Working permission has accorded after Honble High Court/ Kolkatas clearance for execution in Defence land in the Maidan area for the public interest of Kolkata. The NOC from Victoria Memorial Trust has been received recently to go ahead with underground station near Victoria Memorial.

Since this Metro stretch is a standalone system, a Maintenance Depot has been developed in Joka and Ph-I part is under operation. Earlier, due to non-availability of land (24.48 hectare), the tender for the depot was discharged twice, once in February 2013 and again on October 2017. Thus, the commissioning is planned in 3 phases i.e (a)Ph-I-Joka-Taratala, (b)Ph-II- Taratala-Majerhat, (c) Ph-III- Majerhat- Esplanade. After starting of commercial services of 1st & 2nd phase commissioning the outskirt population of Kolkata has been connected to Kolkata which is a great relief for the people residing away from Kolkata but normally come to Kolkata on daily basis doing a tough journey every day. Presently land for construction of cut and cover between Mominpur station and Khidirpore station and land for Khidirpore station is not made available by Kolkata Armed Police and Nepal Consulate at Kolkata.

3.9.4.5 New Garia-Airport Metro Corridor

In the section of New Garia to Rabindra Tirtha of Dum Dum Airport-New Garia project, initially 4 packages of Viaduct were awarded on 21.10.2011. About 20 km viaduct has been completed. The contracts for 21 stations (3 packages) were awarded on 05.03.2014. Out of 21 stations, station land for Technopolis Metro station is now handed over. The project got delayed because of issues relating to land acquisition, traffic diversion, utility diversion and other permission over busy EM Bypass road. Further, change of alignment proposed by State Government where unauthorized buildings were constructed even after the Gazette Notification for Metro construction, and other impediments like shifting of markets, traffic guard, raising of 220 kV overhead line, removal of encroachments, etc. slowed down the progress of work. Substantial part of these impediments have been either removed and the balance are on the way of being removed. The alignment from City Centre- II to Airport is now approved by State Government after long persuasion and contract for construction of Metro beyond Titumir to Airport has been awarded on 18.01.2021, the work is under progress. In this section the commissioning was planned in 3 phases phases earlier i.e (a)Ph-I-New Garia-Hemanta Mukhopadhyay, (b)Ph-II- Hemanta Mukhopadhyay to Salt Lake Sector-V and (c) Ph-III- Salt Lake Sector-V to Airport. Due to unavailable work front in various stretches of the corridor and considering commissioning point of view the phases were revised i.e. (a)Ph-I-New Garia-Hemanta Mukhopadhyay, (b)Ph-II- Hemanta Mukhopadhyay to Beleghata, (c) Ph-III Beleghata to Salt Lake Sector-V and (d) Ph-IV- Salt Lake Sector-V to City Centre 2 and (e)Ph-V City Centre 2 to Airport.

Now in present scenario, (a) Ph-I-New Garia- Hemanta Mukhopadhyay (5.4 km)commercial run has been started from 15.03.2024 after being dedicated to the nation by the Honble Prime Minister on 06.03.2024, (b) Ph-II-Hemanta Mukhopadhyay to Beleghata (4.46 km) CCRS Inspection has been conducted on 28.03.2024 & 29.03.2024, (c) Ph-III Beleghata to Salt Lake

Sector-V was planned for commission in Dec2024, however due to non-availability of traffic diversion block between Belaghata to Gour Kishore Ghosh stations, work of launching of viaduct is held up since Feb 2025. It will take 5-6 months to complete the remaining work once the traffic diversion is allowed by Kolkata Police and Bidhan Nagar Police. Balance 02 phase i.e. (d) Ph-IV- Salt Lake Sector-V to City Centre 2 has been planned for commission in Dec2025 and (e)Ph-V City Centre 2 to Airport are planned for commission upto Mar2026.

3.9.4.6 Noapara - Baranagar - Dakshineswar Metro

For Baranagar-Barrackpore & Dakshineswar and Noapara-Baranagar, the work was planned in 2 phases i.e. the first phase being Noapara-Baranagar-Dakshineswar and in the second phase, from Baranagar- Barrackpore. The first phase, i.e. from Noapara to Dakshineswar, the Metro corridor has been inaugurated and dedicated to the Nation by Honble Prime Minister on 22.02.2021 for public use.

For the second phase of this Metro corridor, i.e. Baranagar-Barrackpore, a MoU was signed between State Government, Metro Railway and RVNL in October 2011. Original sanctioned alignment via B.T. Road was not agreed by State Govt. despite signing of the MoU in Oct 2011 for closing of 2 pipelines and even after completion of new pipeline work of 64" dia by State Govt. Repeated observations raised by KMC have been complied by RVNL. However, technical approval/NOC from State Govt. is still awaited.

3.9.4.7 Phase Commissioning of Metro Project:

(i) Noarpara - Baranagar - Dakshineswar: The project has been inaugurated by Honble PM on 22.02.2021 and Commercial Operation of train service started w.e.f. 23.02.2021.

(ii) Joka-Taratala in Joka - Esplanade Metro Corridor: 9.0 km of continuous stretch from Joka Depot has been completed. Major structures and stations have been completed at Joka, Thakurpukur, Shaker Bazar, Behala Chowrasta, Behala Bazaar, Taratala. The first phase i.e. Joka to Taratala of Joka-Esplanade Section has been inaugurated by Honble Prime Minister on 30.12.2022 and commissioned on the same day.

(iii) Taratala-Maierhat Joka - Esplanade Metro Corridor: 2nd phase of 1.25 km has been inaugurated by Honble PM on 06.03.2024 and Commercial Operation of train service started w.e.f. 15.03.2024.

(iv) New Garia-Hemanta Mukhopadhvav in New Garia-Airport corridor: 5.4 km has been inaugurated by Honble PM on 06.03.2024 and Commercial Operation of train service started w.e.f. 15.03.2024.

(v) Hemanta Mukhopadhvav to Beleghata in New Garia-Airport corridor: 4.4 km of stretch towards Beleghata from Hemanta Mukhopadhyay, CRS inspection has been conducted on 28.04.2024 & 29.04.2024, authorization is received on 12.06.2024.

3.10 Accidents

During 2024-25, no accident was reported from any of the project sites of RVNL.

3.11 ADB funded projects:

The first ADB loan (IND-1981) sanctioned for "Railway Sector Improvement" was closed on 31.12.2011. A 2nd ADB Loan has been sanctioned for funding of 5 projects, namely:

• Raipur-Titlagarh doubling

• Sambalpur-Titlagarh doubling

• Hospet-Tinaighat doubling

• Daund-Gulbarga doubling

• Pune-Guntakal Railway Electrification

The funding by ADB requires compliance of various loan covenants on resettlement and rehabilitation of project affected persons, procurement of works and stores following international competitive bidding and implementation of plans for mitigation of social and environmental impact norms. A Multi Tranche Financing Facility of $ 500 million has been agreed to by ADB. The loan agreement for first Tranche (Loan No. 2793- IND) of this MFF for an amount of $ 150 million was signed in July 2012 and the loan agreement for second Tranche (Loan No. 3108-IND) of this MFF for an amount of $ 130 million was signed in February 2014, the loan was closed on 20.12.2019. Project Agreement & Loan Agreement against ADB loan No. 3623-IND (Railway Sector Investment Program- Tranche III) for an amount of $ 130 million have been signed on 16.3.2018 and made effective on 07.06.2018. The loan was fully disbursed on 29th October 2021 and the loan account was closed effective on 2nd December 2021. Project Completion Report (PCR) submitted to ADB and loan is fully closed.

3.12 Contracting:

As the size of projects being executed by RVNL is quite large, to ensure fast award and execution of projects, RVNL invites tenders consisting of multiple packages. Each tender may consist of upto 3 contract packages. This approach has a number of advantages such as:

a) Multiple contracts can be awarded through one tender which saves time and effort in invitation and finalization of tenders.

b) Both small and large agencies can compete for any contract package which increases competition.

c) Large agencies who are capable of executing big contracts can quote for multiple packages to achieve economy of scale and pass on the benefit to RVNL by quoting discounts in case of award of more than one package.

d) Smaller agencies, which would not be eligible to quote if the tender for the project was floated in a single package, are now able to compete in any of the contract packages individually as they may meet the qualification requirements of individual packages which are of comparatively smaller value.

During 2024-25, contracts worth approximately Rs. 5520.32 Cr. were awarded.

The following major contracts were awarded by the Company during the year:

Construction of Tunnel T1 from Chainage km 33+160 To km 34+400 And Tunnel 2 from Chainage km 57+400 to km 66+040 with Ballast Less Track and Works Related to Formation on Approaches of such Tunnels in connection with Construction of Electrified New BG Railway Line Between Mangliyagaon (Indore) to Budni Stations (198 kms) of Ratlam Division and Bhopal Division of Western Railway and West Central Railway respectively in Madhya Pradesh State, India. (Rs. 872.70 Crore)

Design, Supply, Installation, Testing and Commissioning of Broad Gauge Ballastless Track (BLT), Supply of Ballast and Installation of Track (Excluding Supply of Rails and Track Sleepers) between Chainage 6+015 (Fls) To 125+200 (Fls) in connection with New BG Line between Rishikesh and Karanprayag (125 km) in the State of Uttarakhand, India. (Rs. 750.83 Crore)

Construction for Tunnels & Formation works for Military sidings & approach in Karanprayag yard in connection with new BG line between Rishikesh and Karanprayag (125 km) in the state of Uttarakhand, India. (Rs. 611.05 Crore)

Package-1A: Construction of Roadbed, Minor Bridges, Buildings, Installation of Track (Excluding Supply of Rails, Sleeper & Thick Web Switches), And Other Civil Engineering And General Electrical Works In Connection With New Bg Railway Line Between Mangliyagaon-Kheri (Incl) Stations (Chainages 0.000 - 57.400 km) In Indore-Budni Section of Ratlam And Bhopal Divisions Of Western Railway And West Central Railway Respectively In Madhya Pradesh State, India (Rs. 436.73 Crore)

Package IIIB Construction of Road Bed, Major Bridges, Minor Bridges, ROBs, RUBs, including road approaches, Station Buildings, Staff Qtrs, Other Service Buildings, HL Platforms, COPs, FOBs, General electrical work and other works related to construction of Yavatmal- Nanded New BG Line from km: 190 to km: 207 of Central Railway in Maharashtra State including construction of three tunnels: T3 (370 m), T4 (440 m) & T5 (2630 m) with BLT in tunnels. (Rs. 423.10 Crore)

Construction of Roadbed, Major and Minor Bridges and Track Linking (excluding Supply of Rails and Sleepers); S&T; OHE & General Electrical Works in connection with Extension of MMTS phase-II from Ghatkesar (km. 213.840) (including) to Wangapalli (km. 252.300) (including) on Secunderabad- Kazipet section in Secunderabad Division of South Central Railway, Telangana State, India. (Rs. 416.75crore)

Package IIIB Construction of Road Bed, Major Bridges, Minor Bridges, ROBs, RUBs, including Road Approaches, Station Buildings, Staff Qtrs, Other Service Buildings, HL Platforms, COPs, FOBs, General Electrical Work and other works related to Construction of Yavatmal-Nanded New BG Line from km: 190 to km: 207 of Central Railway in Maharashtra State including construction of three tunnels: T3 (370 m), T4 (440 m) & T5 (2630 m) with BLT in tunnels. (Rs. 313.55 crore)

Package-2: Design, Supply, Erection, Testing and Commissioning of 220 kV, 3-Phase D/C transmission line (14.3 km) from Raigarh (PGCIL GSS ) to Raigarh TSS, Raigarh TSS to Kharsia TSS (33 km), Kharsia TSS to Champa TSS (52 km), Champa TSS to Gevra RD TSS (45 km), Champa TSS to Bilaspur Bus Coupler (74 km); Extension of 220 kV bay at Raigarh (PGCIL); LILO 3 Nos at Champa, Kharsia & Raigarh along with associated works in connection with Direct Power Supply from Central Generating Agencies over South East Central Railway, Bilaspur, Chhattisgarh (India). (Rs. 245.95 crore)

Package-1: Design, Supply, Erection, Testing and Commissioning of 220 kV, 3-Phase D/C transmission line (7 km) from Bhatapara (PGCIL GSS ) to Bhatapara TSS, Bhatapara TSS to Bilaspur Bus Coupler(45 km), Bilaspur Bus Coupler to Belghana TSS (55 km), Bilaspur Bus Coupler to Bilaspur TSS (6 km), and Bhatapara TSS to Urkura Bus Coupler(65 km); Extension of 220 kV bay at Bhatapara (PGCIL); LILO 1 No. at Bhatapara TSS and Bus Coupler 1 No at Bilaspur along with associated works in connection with Direct Power Supply from Central Generating Agencies over South East Central Railway, Bilaspur, Chhattisgarh (India). (Rs. 194.34 crore)

Package-3: Design, Supply, Erection, Testing and Commissioning of 220 kV, 3-Phase D/C transmission line (12 km) from Kumhari (PGCIL GSS) to Bhilai TSS, Bhilai TSS to Rajnandgaon TSS (55 km), Rajnandgaon TSS to Paniajob TSS (45 km), Bhilai TSS to Urkura Bus Coupler (35 km) and Urkura Bus Coupler to Urkura TSS (5 km); Extension of 220 kV bay at Kumhari

(PGCIL); LILO 2 Nos at Bhilai & Rajnandgaon and Bus Coupler 1 No at Urkura along with associated works in connection with Direct Power Supply from Central Generating Agencies over South East Central Railway, Bilaspur, Chhattisgarh (India). (Rs.194.04 crore)

Package-iii: Construction of Major Bridges & Road Under Bridges for electrified new BG Railway line (pkg-3) between Khategaon (incl) - Budni stations (chainage 110.000 to 198.000 km) in Bhopal Division of West Central Railway in Madhya Pradesh State, India. (Rs. 175.19 crore)

Package-AAI Subway: Construction of AAI Subway/Underpass across VIP Road from Airport Operational Area to AAI Residential Colony at NSCBI Airport, Kolkata passing below the Metro Ramp structure of New Garia-Airport Metro Corridor, West Bengal. (Rs.154.21 crore)

Package 2: Provision of Automatic Block Signaling System with dual MSDAC and alteration in existing EI/PI/Stations in the section of Kaluparaghat (Excluding KAPG Yard) - Golanthra over Khurda Road Division of East Coast Railway. (Rs. 77.24 crore)

Package 1: Provision of Automatic Block Signaling System with dual MSDAC and alteration in existing EI/PI/Stations in the section of Jakhapura-Nergundi & Khurda Road-Kaluparaghat (including KAPG yard) over Khurda Road Division of East Coast Railway. (Rs. 76.41 crore)

Mechanized Installation and linking of BG railway track, P.way material supply, Track Ballast Supply, Mobile Flash Butt Welding of joints and all other associated P-way works (excluding supply of rails, PSC sleepers) in section between Bhanupali (Ch 0.00) to Paharpur (Ch 24.00) in connection with Bhanupali-Bilaspur-Beri New Railway Line in District Rupnagar of Punjab and Bilaspur of Himachal Pradesh States, India. (Rs. 74.65 crore)

Complete Interior Fit out works includuing Flooring, Wall and Ceiling Finishes, Partitioning, Civil, Furniture, Furnishing, Electrical, HVAC, MEP, Fire Fighting, IT and Audio-Visual Works etc. of RVNL office space at WTC Narouji Nagar, New Delhi through Special Limited Tender. (Rs. 49.97 crore) Design, Supply (except Galvanized Steel Structures and all type of Conductors-Feeder

Wire, AEC, BEC), Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 kV to 2 x 25 kV traction system under jurisdiction of Chaibasa depot of Rajkharsawan- Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway to meet 3000 MT loading target. (Rs. 39.12 crore)

Design, Supply (except Galvanized Steel Structures and all type of Conductors-Feeder Wire, AEC, BEC), Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 kV to 2 x 25 kV traction system under jurisdiction of Banspani depot and Dongaposi Depot of Rajkharsawan- Nayagarh- Bolani section of Chakradharpur division of South Eastern Railway to meet 3000 MT loading target. (Rs. 38.71 crore)

Providing Rockfall Barriers and Slope Protection Works at different locations in connection with Barkhera - Budni 3rd Line Project on Bhopal Division of West Central Railway in Madhya Pradesh State, India. (Rs. 40.13 crore)

Besides these Works Contract, FLS, DD&PMC and PMC contracts on nomination basis for Rs. 32.99 crore have also been awarded during 2024-25.

4. Project Planning & Development

4.1 Public Private Partnership (PPP) in Indian Railway Connectivity Projects

Detailed Status of SPVs

As a part of the mandate of Rail Vikas Nigam Limited (RVNL) to undertake project development, mobilization of financial resources and to implement projects pertaining to strengthening of Golden Quadrilateral and better connectivity to various ports, five Special Purpose Vehicles (SPVs) as Joint Ventures (JVs) have been created. RVNL has a minimum equity participation of 26 percent in each one of these SPVs.

Through these SPVs, RVNL has been able to mobilize a cumulative investment of Rs. 10752.67 Cr. out of which Rs. 3873.11 Cr. is equity and Rs. 6879.56 Cr. is debt. RVNL itself has invested a total of Rs. 1520.65 Cr. as equity in these 5 SPVs, which is approximately 14.14% of their gross total investment (refer to table below).

Details of Equity & Debt of RVNLs SPVs (2024-25) as on 31.03.2025

Name of SPV	Length Paid up Equity		RVNLs Equity		Partners Equity		Initial Debt	Subsequent Debt	Total Debt	Total (Equity+ Debt)
	In Kms	Crore (Rs.)	Crore (Rs.)	%age	Crore (Rs.)	%age	Crore (Rs.)	Crore (Rs.)	Crore (Rs.)	Crore (Rs.)
Kutch Railway Company Ltd*	301	821.00	410.50	50.00%	410.50	50.00%	300.00	1284.41	1584.41	2405.41
Bharuch Dahej Railway Company Ltd.	63	155.11	55.00	35.46%	100.11	64.54%	230.00	0.00	230.00	385.11
Krishnapatnam Railway Company Ltd.	113	625.00	311.00	49.76%	314.00	50.24%	1074.97	0.00	1074.97	1699.97
Haridaspur Paradip Railway Company Ltd.	82	1300.00	390.00	30.00%	910.00	70.00%	1451.61	0.00	1451.61	2751.61
Angul Sukinda Railway Ltd.	104	972.00	354.15	36.44%	617.85	63.56%	1600.00	938.57	2538.57	3510.57
Total	663	3873.11	1520.65	39.26%	2352.46	60.74%	4656.58	2222.98	6879.56	10752.67

*Note: The cost of GC was Rs. 550 Cr. Subsequently, the Doubling and Electrification works were executed with a cost of Rs. 3153.70 Cr. (Doubling) & Rs. 755 Cr. (RE) respectively

a) Kutch Railway Company Limited (KRCL)

Railway/Division/State	Western Railway/Ahmedabad/Gujarat
Project Type& Length	Gauge Conversion, 301 km
Year of Sanction	1988-89
Date of Transfer to RVNL	14.05.2003
Date of MoU	03.01.2004
Date of EOI	NA
Date of Incorporation	22.01.2004
Shareholders Agreement signed on	22.04.2004
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	08.11.2005
Construction Agreement signed on	GC - 06.10.2005, DL-13.08.2018, RE - 09.02.2021
O&M Agreement signed on	21.08.2005
Original cost (Rs. Crore)	344.63
Project cost (Rs. Crore)	550.00

Equity Participants

Rail Vikas Nigam Limited	410.50	50.00%
Deendayal Port Authority	213.46	26.00%
Adani Ports & SEZ Limited	164.20	20.00%
Govt. of Gujarat	32.84	4.00%
Total (Rs. Crore)	821.00	100.00%

Bonus shares were issued in Nov-2011 amounting to Rs. 50 Crore in the ratio of 1:4.

Commercial Operations Date (COD)

01.07.2006

b) Bharuch Dahej Railway Company Limited (BDRCL)

Railway/Division/State	Western Railway/Vadodara/Gujarat
Project Type & Length	Gauge Conversion, 63 Km
Year of Sanction	2005-06
Date of Transfer to RVNL	22.03.2006
Date of MoU	13.01.2005
Date of EOI	27.02.2006
Date of Incorporation	15.11.2006
Shareholders Agreement signed on	12.01.2007
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	25.06.2008
Construction Agreement signed on	01.07.2009
O&M Agreement signed on	Not signed
Original cost (Rs. Crore)	262.00
Project cost (Rs. Crore)	395.00

Equity Participants

Rail Vikas Nigam Limited	55.00	35.46%
Gujarat Maritime Board	17.86	11.51%
Gujarat Industrial Development Corporation	17.86	11.51%
Adani Petronet (Dahej) Port Private Limited	17.33	11.17%
Gujarat Narmada Valley Fertilizer Company	13.53	8.72%
Hindalco Industries Limited	13.53	8.72%
Dahej SEZ Limited	10.00	6.45%
Jindal Rail Infrastructure Limited	10.00	6.45%
Total (Rs. Crore)	155.11	100.0%

 

Commercial Operations Date (COD)

08.03.2012

c) Krishnapatnam Railway Company Limited (KRCL)

Railway/Division/State	South Central/Vijayawada/Andhra Pradesh
Project Type & Length	New Line, 113.12 Km
Year of Sanction	2006-07
Date of Transfer to RVNL	14.05.2003
Date of MoU	22.11.2005
Date of EOI	27.02.2006
Date of Incorporation	11.10.2006
Shareholders Agreement signed on	13.10.2006, Participation Agreement- I on 23.02.2008, Participation Agreement -II on 12.10.2020.
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	23.11.2007
Construction Agreement signed on	29.09.2011
O&M Agreement signed on	06.01.2012 08.11.2021 (Revised)
Original cost (Rs. Crore)	732.81
Estimated Project cost (Rs. Crore)	2831.00

Equity Participants

Rail Vikas Nigam Limited	311.00	49.76%
Sagarmala Development Co. Ltd	125.00	20.00%
Adani Krishnapatnam Port Co Ltd	81.00	12.96%
National Mineral Development Co. Ltd	40.00	6.40%
Govt. of Andhra Pradesh	35.00	5.60%
Bramhani Industries Ltd	33.00	5.28%
Total (Rs. Crore)	625.00	100.0%

Commercial Operations Date (COD)

a. Venkatachalem - Nidiguntapalem - 01.10.2008

b. Nidiguntapalem - Krishnapatnam - 28.02.2009

c. Doubling of 21 km line from VKT to KAPT - 02.03.2014

d. The complete connectivity was commissioned in June 2019

d) Haridaspur Paradip Railway Company Limited (HPRCL)

Railway/Division/State	East Coast Railway/Khurda Road/Odisha
Project Type & Length	New Line, 82 Km
Year of Sanction	1996-97
Date of Transfer to RVNL	14.05.2003
Date of MoU	24.02.2005
Date of EOI	21.01.2006
Date of Incorporation	25.09.2006
Shareholders Agreement signed on	11.10.2006
Traffic Guarantee Agreement signed on	04.04.2008
Concession Agreement signed on	20.12.2007
Construction Agreement signed on	11.08.2009
O&M Agreement signed on	24.10.2021
Original cost (Rs. Crore)	301.64
Estimated Project cost (Rs. Crore)	2397.00

Equity Participants

Rail Vikas Nigam Limited	390.00	30.00%
Sagarmala Development Company Ltd.	336.79	25.91%
Govt. of Odisha	237.79	18.29%
Paradip Port Trust	138.52	10.66%
Orissa Mining Corporation	110.00	8.46%
Essel Mining & Industries Ltd	30.00	2.31%
Rungta Mines Ltd	30.00	2.31%
MSPL Ltd	15.00	1.15%
Jindal Steel Power Limited	5.00	0.38%
Steel Authority of India Ltd.	5.00	0.38%
Odisha Industrial Infrastructure Development Corporation (IDCO)	1.90	0.15%
Total (Rs. Crore)	1300.0	100.0%

 

Commercial Operations Date (COD)

30.07.2020

e) Angul Sukinda Railway Limited (ASRL)

Railway/Division/State	East Coast Railway/Khurda Road/Odisha
Project Type & Length	New Line, 104.242 Km with Y-connection
Year of Sanction	1997-98
Date of Transfer to RVNL	22.02.2006
Date of MoU	19.11.2008
Date of EOI	17.06.2008
Date of Incorporation	20.02.2009
Shareholders Agreement signed on	27.05.2009
Traffic Guarantee Agreement	Not signed
signed on
Concession Agreement signed on	14.05.2010
Construction Agreement signed on	24.04.2015
O&M Agreement signed on	Not signed
Original cost (Rs. Crore)	391.00
Estimated Project cost (Rs. Crore)	2913.00

 

Equity Participants	Rail Vikas Nigam Limited	354.15	36.44%
	Govt. of Odisha	239.47	24.64%
	CONCOR	208.00	21.40%
	Odisha Mining Corporation	106.18	10.92%
	Jindal Steel Power Limited	60.00	6.17%
	Odisha Industrial Infrastructure Development Corporation (IDCO)	4.20	0.43%
	Total (Rs. Crore)	972.00	100.0%
Commercial Operations Date (COD)	01.03.2023

4.2 Rail Vikas Nigam limited (RVNL) has started participating in Metro, Highways and other Infrastructure sectors through competitive bidding. Therefore, New SPVs in other sector have been incorporated to undertake such projects.

The details of new JVs/SPVs incorporated are as follows:

Details of Equity of RVNLs new SPVs/JVs (as on 31.03.2025)

S. Name of SPV No.	Date of In	Paid up Equity	RVNLs Equity		Partners Equity
	Corporation	Crore (Rs.)	Crore (Rs.)	%age	Crore (Rs.)	%age
1. Shimla Bypass Kaithlighat Shakral Pvt. Ltd.	05.08.2022	110.10	55.05	50%	55.05	50%
2. Chennai MMLP Pvt. Ltd.	06.10.2022	0.05	0.013	26%	0.037	74%
3. Bengaluru MMLP Pvt. Ltd.	10.01.2023	0.05	0.0082	16.33%	0.0418	83.67%
4. Indore MMLP Pvt. Ltd.	17.05.2023	0.05	0.011	22.01%	0.039	77.99%
5. Chatra Expressways Pvt. Ltd.	24.04.2023	0.01	0.0049	49%	0.0051	51%
6. Kyrgyzindustry-RVNL CJSC	07.12.2022	84,00,000 soms	42,00,000 soms	50%	42,00,000 soms	50%
7. Kinet Railway Solutions Ltd.	19.04.2023	41.76	10.44	25%	31.32	75%
8. JGPL-RVNL EPC Private Ltd.	15.01.2024	0.01	0.0049	49%	0.0051	51%

a) Shimla Bypass Kaithlighat Shakral Pvt. Ltd. (SBKSPL)

The Government of India had entrusted to the Authority (NHAI) the development, maintenance and management of Greenfield alignment of National Highway No 5-including the section from km 128.835 to km 146.300 (approx. 17.465 km). The Authority had resolved to Construction of 4 Laning of NH-5 from Kaithlighat to Shakral Village for Design Length 17.465 km in the State of Himachal Pradesh by Four-Laning thereof on design, build, operate and transfer (the "DBOT Annuity" or "Hybrid Annuity") basis, which shall be partly financed by the Concessionaire who shall recover its investment and costs through payments to be made by the Authority.

The Consortium has been promoted and incorporated the Concessionaire as a limited liability company under the Companies Act 2013 named Shimla Bypass Kaithlighat Shakral Pvt. Ltd. by Rail Vikas Nigam Ltd. and M/s S P Singla Constructions Pvt. Ltd as its lead members for the execution of the project.

Brief of the Project:
Location and State	4-Lane Bypass, Package-I, Kaithlighat to Shakral, Shimla, Himachal Pradesh
Project Type & Length	Hybrid Annuity Mode & 17.465 km
Date of MoU	15.05.2022
Date of Incorporation	05.08.2022
Project cost	1) Bid Project Cost (BPC) - Rs. 1844.77 Crore excluding GST
	2) First Year O&M Bid - Rs. 2.77 Crore excluding GST Adjusted Bid Price - Rs. 1637.96 Crore (NPV of BPC and First Year O&M)
Equity Participants and their % share	SPSCPL- 50% RVNL- 50%
Anticipated Commercial Operations Date (COD)	After the end of Construction period tentatively 20.04.2026

b) Chennai MMLP Pvt. Ltd.

• Multi Modal Logistics Park is an integrated facility within which all activities relating to logistics and the distribution of goods, both for national and international transit can be carried out across multiple modes of transport. MMLPs also benefit from economies of scale, by creating shared infrastructure and due to availability of more options for selection of competitive and reliable logistics providers

• MMLP at Chennai is being developed at Mappedu (Thiruvallur district) in 184.27 Acres of Area. The site is strategically located, at approximately 52 kms from Chennai Port, 80 kms from Ennore Port and 87 Kms from Kattupalli Port. Chennai Airport is located at approximately 44 kms from the site.

• The estimated total project cost is INR 1424 Cr. The Project is proposed to be developed in PPP mode where in a Developer will be appointed with a Concession Period of 45 years for developing and operating the MMLP with an estimated cost of INR 783 Cr.

• SFC appraisal was held on 09.05.2022 and subsequently MoRTH has approved the project on 06.06.2022. Honble Prime Minister also laid the Foundation Stone of the project on 26.05.2022.

• A Govt. SPV formed amongst National Highways Logistics Management Limited, Rail Vikas Nigam Limited, Chennai Port Authority & Tamil Nadu Industrial Development Corporation will provide land for the MMLP, external road and rail connectivity, power supply etc.,

Location and State	Village Mappedu (Hussein Nagaram) in Thirivallur dist., Tamil Nadu
Project Type	Development of Multi Modal Logistics Park Mappedu Chennai in Tamil Nadu along with external Road, Rail and other connectivity
Date of MoU	12-10-2021 among ChPA, NHLML & TIDCO Supplementary MOU on dated 24-05-2023 with inclusion of RVNL
Date of Incorporation	06/10/2022
Project cost	Rs. 1423.50 Cr.(Concessionaire investment Rs. 782.58 Cr. + Authority investment - including cost of land Rs.640.92 Cr.)
Equity Participants and their % share	NHLML- 40.18% Ch PA- 26.02 % RVNL- 26.00 % TIDCO- 07.80%
Anticipated Commercial Operations Date (COD)	For Phase 1- 02 years from the appointed Date. October 2025 (Scheduled)

c) Bengaluru MMLP Pvt. Ltd.

Bengalurus Multi Modal Logistics Park (MMLP) awarded and set to span across 400 acres in Bengaluru rural district.

MMLP is a key policy initiative of the Government to improve the countrys freight logistics sector by lowering overall freight costs and time, cutting warehousing costs, reducing vehicular pollution and congestion, improving the tracking and traceability of consignments through infrastructural, procedural, and information technology interventions.

MMLP at Bengaluru is being developed in an area of 400 acres at Muddelinganahalli in Bengaluru rural district in Karnataka. The site is strategically located, adjacent to the upcoming KIADB industrial area on East side, abutting the NH 648, Dabbaspet to Hosur as well as Satellite Town Ring Road on North side and Bengaluru - Hubli - Mumbai rail line on South side. The site is 58 Kms from Bengaluru International Airport and 48 Kms from Bengaluru city railway station.

A government SPV formed between National Highways Logistics Management Limited (NHLML), Rail Vikas Nigam Limited (RVNL) and Karnataka Industrial Area Development Board (KIADB) will provide land for the MMLP, external rail, road connectivity as well as water and power supply. The MMLP is being provided with 4 lane access from four lane Dabbaspet - Hosur, NH 648 and rail siding of length 4.5 km from Dodbele Railway station on Bengaluru - Hubli- Mumbai rail line.

The MMLP will be developed in three phases. The Phase-I is expected to be completed in two years. MMLP will cater to about 30 million metric tonnes (MMT) cargo in the horizon period of 45 years and will give huge boost to the industrial zones in the catchment region such as Bengaluru and Tumkur. It will create lot of employment opportunities and bring in economic development in the region.

Location and State	Bengaluru Karnataka
Project Type	Development of Multi Modal Logistics Park Bengaluru in Karnataka along with external Road, Rail and other connectivity
Date of MoU	01.09.2022
Date of Incorporation	10.01.2023
Project cost	Rs. 1769.9 Crore (Concessionaire investment Rs. 935.90 Cr + Authority investment Rs. 834 Cr, including land cost of Rs. 540 Cr.
Equity Participants and their % share	NHLML- 51.29% KIADB - 32.38% RVNL- 16.33%
Anticipated Commercial Operations Date (COD)	For Phase 1- 02 years from the Appointed Date (AD). Scheduled Anticipated Date: 29.02.2024

d) Indore MMLP Pvt. Ltd.

Indore MMLP Pvt. Ltd.has been incorporated for "Development of Multi Modal Logistics Park at Indore (Area 255.17 Acre)".

Location and State	Near Pithampur Industrial area, Dist. Dhar, Madhya Pradesh
Project Type	Development of Multi Modal Logistics Park Indore. Area 255.17 Acres
Date of MoU	26.12.2022
Date of Incorporation	17.05.2023
Project cost	Rs. 1111 Cr. (Auth. investment 353 Cr. + Concessionaire Investment Rs. 758 Cr.)
Equity Participants and their % share	MPIDC (50% of MMLP Land Cost)- 25.16% RVNL (Rail Development, limited to 26% of total equity contribution)- 22.01% NHLML (Road Development and LA Cost, 50% of MMLP Land Cost, rail connectivity LA cost and Cost towards Power & Water Supply and other charges) -52.83%
Anticipated Commercial Operations Date (COD)	19.12.2025

e) Chatra Expressways Pvt. Ltd.

Chatra Expressways Pvt. Ltd. has been incorporated for "Work of construction of 6-lane greenfield Varansi-Ranchi-Kolkata Highway from Sonepurbigha village to the junction with NH 22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000.

Location and State	Chandauli, Uttar Pradesh to Bangam, Kolkata
Project Type & Length	Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the State of Jharkhand on Hybrid Annuity Mode (Package 8). The length of the project is 37.300 kms.
Date of MoU	01.03.2023
Date of Incorporation	24.04.2023
Project cost	Rs. 1458 Cr.
Equity Participants and their % share	Tracks & Towers Infratech (P) Ltd.- 51% Rail Vikas Nigam Limited- 49%
Anticipated Commercial Operations Date (COD)	730 days from Appointed Date (Appointed Date yet to be declared by NHAI)

f) Kyrgyzindustry-RVNL closed Joint Stock Company (CJSC)

A Closed Joint Stock Company "Kyrgyzindustry-RVNL" has been incorporated in December, 2022. RVNL is having equity investment of 4200000 soms (being 50% of total equity). A DPR has been prepared for Balykechy & Kara-Kecheline line of total cost of USD 2.3 billion.

Location and State	Kyrgyz Republic, Bishkek City, 106 Chui Avenue
Project Type	The JV company shall undertake Infrastructure development i.e., Construction of Railroads in and across Kyrgyz Republic, including Construction of Highways and Freeways, construction of bridges and tunnels and other activities not inconsistent with the laws of the Kyrgyz Republic and consistent with the statutory objectives.
Date of MoU	30.05.2022
Date of Incorporation	07.12.2022
Equity Participants and their % share	Kyrgyzindustry Open Joint Stock Company-50% Rail Vikas Nigam Limited-50%

g) Kinet Railway Solutions Ltd.

RVNL, in collaboration with its consortium partners, has signed the prestigious Manufacturing cum Maintenance Agreement of Vande Bharat Trainsets including upgradation of the Government Manufacturing Units & Trainset Depots. This project is being executed through a Special Purpose Vehicle (SPV) named Kinet Railway Solutions Limited (KRSL), jointly owned by RVNL and its consortium partners namely JCS Meterowagonmash (MWM), JSC Locomotive Electronic Systems (LES), and Rail Vikas Nigam Limited (RVNL), MWM holding a dominant share of 70%, LES contributing 5%, and RVNL owning remaining 25%. Acting as the Technology Partner, KRSL is spear heading the implementation of this visionary initiative.

Key highlights of this project include:

KRSL has been entrusted with the manufacturing of 120 Vande Bharat Trainsets at the Manufacturing Unit located in Latur, Maharashtra.

A planned maintenance regime has been devised, earmarking three designated depots - Bijwasan, Jodhpur, and Thanisandra - for the servicing and upkeep of these cutting-edge trainsets, ensuring their operational excellence for a period spanning 35 years.

Comprehensive infrastructural planning, including the provision of state-of-the-art facilities as well as machinery, has been undertaken to equip the designated depots, ensuring seamless operations and maintenance activities.

The project timeline entails the delivery of the first prototype of the Vande Bharat Trainset to the Indian Railways by September 2025, followed by second prototype by November 2025. Regular deliveries follow marking a significant milestone in the nations pursuit of advanced railway infrastructure.

Location and State	New Delhi, India
Project Type	"Manufacturing cum Maintenance of Vande Bharat Trainsets including upgradation of the Government Manufacturing Units & Trainset Depots"
	- 200 Vande Bharat Train sets of Sleeper version, each of 16 cars.
	- Supply and undertake comprehensive maintenance thereof for a period of 35 years.
	The L1 selected bidder would have to manufacture/assemble total 120 Trainsets at Railways Marathwada Rail Coach Factory (MRCF)/ Latur.
	The L2 selected bidder would have to manufacture/assemble total 80 Trainsets at Railways ICF/Chennai.
Date of MoU	14.11.2022
Date of Incorporation	19.04.2023
Project cost	The total quantity is 120 Trainsets and cost per set is Rs. 120 crores. (as per LOA)
Equity Participants and their % share	RVNL- 25% Joint Stock Company Metrowagonmash- 70% Joint Stock Company Locomotive Electronic Systems- 5%
Anticipated Commercial Operations Date (COD)	82 Months (Time period by which the order(s)/contract(s) is to be executed - As per LOA)
h) JGPL-RVNL EPC PRIVATE LIMITED
Location and State	A 626, 6th Floor, DLF Tower A, Jasola, Sarita Vihar, South Delhi - 110076
Project Type	Grid Connected Solar PV Project along with Battery Energy Storage System (250 MW - Solar and 63 MW BESS)
Date of Incorporation	15.01.2024
Project cost	USD 154 Million
Equity Participants and their % share	RVNL- 49% Jakson Green Private Limited- 51%
Anticipated Commercial Operations Date (COD)	1 February 2025

As on Date of Report, RVNL has incorporated following wholly owned Subsidiary Companies in India & abroad:

1. HSRC Infra Servies Ltd. -Incorporated on 25.07.2012 in Delhi

2. Masakani Paradeep Road Vikas Ltd.- Incorporated on 21.08.2023 in Orissa

3. RVNL Infra South Africa Incorporated on 15.01.2024 in South Africa

4. RVNL Infra Middle East- Incorporated on 04.04.2024 in Sultanate of Oman

5. RVNL Middle East Contracting L.L.C. (Dubai)- Incorporated on 26.06.2024 in Dubai

6. Rail Vikas Nigam LLC- Incorporated on 01.08.2024 in Uzbekistan

7. Rail Vikas Nigam Limited Company (One Person)- Incorporated on 18.10.2024 in Kingdom of Saudi Arabia.

8. Sabbavaram Sheelanagar Road Development Ltd.- Incorporated on 15.05.2025 in Andhra Pradesh

5. Personnel Development

Hiring of talented and experienced manpower, developing, motivating and retaining them have been the principal areas of HR for achieving the corporate objectives.

The primary focus of the organisation has been to have not only a lean and thin cadre of highly motivated, skilled and experienced manpower but also to retain these scarcely available resources by creating a conducive work environment.

HR policies are meticulously framed taking into account the short-term and long-term manpower requirements of the organisation. As RVNL is mandated to execute Railway projects for and on behalf of Ministry of Railways, persons with requisite technical expertise and domain knowledge of Railway Systems and Railway construction are required for smooth and timely completion of rail projects assigned to RVNL. The manpower is largely met by sourcing employees from Railways and other Government Departments on deputation basis. RVNL has also a regular cadre of its own created by absorbing willing employees from Railways, other Govt. Departments and PSUs. As on 31.03.2025, the on-roll strength of the company stood at 213 regular employees and 125 deputationists. Apart from absorbing Railway employees, Recruitment are being made on contract basis for various projects taken on Bidding apart from regular recruitment.

RVNL has attractive and employee- friendly policies to boost the morale and motivate the employees to perform to the best of their abilities. The perks and perquisites being paid to the employees are reviewed periodically to enhance the efficiency.

Skill development of the employees has been given special attention through in-house and customised training programmes to the employees at different levels not only relevant to their working area but also to enhance their overall capabilities so that the employees are able to adapt to the changing technology and customer needs and discharge their roles as a strategic business partner contributing in the growth of the organisation.

As a motivation to the employees, RVNL recognises the services of meritorious employees through individual/group Awards and by presenting shields and cash awards every year on the Annual Day function.

Welfare Programmes:

In line with the guidelines of the Government, the RVNL conducted many welfare programme such as arranging medical camps for Regular, Deputationists, Housekeeping & Outsource employees and their families. Women day celebration was organised on 07.03.2025 for all the women employees of the organisation.

5.1 Industrial Relations

Cordial and harmonious Industrial relations have been maintained through out the year. All efforts were made to keep the employees and their families safe during the Covid pandemic by complying with the safety protocols and guidelines.

5.2 Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.

The RVNL Conduct and Discipline Rules are in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. An Internal Complaints Committee called “Vishaka Committee” has been set up in RVNL to redress complaints received regarding sexual harassment. All employees are covered under this policy. The following is a summary of sexual harassment complaints received and disposed of fduring the calendar year:-

i) No. of complaints received: Nil

ii) No. of complaints disposed of: Nil

5.3 Right to Information Act

The provisions of the Right to Information Act are followed diligently in letter and spirit and timely responses are given to all queries. The Company has nominated Appellate Authority, Chief Public Information Officer and Asstt. Public Information Officer at the Corporate Office and Asstt. Public Information Officer for each PIU. During the year 2024-25, 250 Applications were received and disposed off.

5.4 Rajbhasha (Official Language)

The company has been making concerted efforts to implement the directives of the Government of India on use of Rajbhasha (Official Language). The Rajbhasha Department of the Company has a Part-time Mukhya Rajbhasha Adhikari and Sr. DGM (Rajbhasha) cum Up-Mukhya Rajbhasha Adhikari. All the computers in the Corporate Office have been provided with Unicode compliant software and fonts to facilitate access to common templates in Devnagari. To encourage use of Rajbhasha, total 10 officials who use Rajbhasha in Hindi drafting notes and letters were identified from all the departments and given Late Shankar Dayal Singh Smriti Puraskar amounting to Rs. 3,000/ - each. A competition on Hindi essay writing, Hindi noting and drafting, Hindi Shabd Gyan and Quiz was organized on the occasion of Hindi Pakhwara in the month of September, 2024. Cash awards of Rs. 64,100 were distributed to 23 successful participants. The Company has also set up a reading room- cum-library in the Corporate Office with a good collection of books, newspapers and periodicals in Hindi. During 2024-25, 4 meetings of the Rajbhasha Implementation Committee of RVNL were held and promotion of Rajbhasha was discussed and reviewed. During Financial Year 2024-25, Parliamentary Committee (On Official Language) carried out inspections of Ranchi, Bhubaneswar and Chennai Units and Committee has expressed satisfaction. Hindi Chitra Varnan Pratiyogita was organized on

10.02.2025 on the directives of Delhi Nagar Rajbhasha Karyanvayan Samiti, Delhi Upkram-2, in which total 26 Officials participated, out of which 5 were awarded with cash award amounting to Rs. 7,800. During Financial Year 2024-25, Nagar Official Language Implementation Committee, Upkram-2 has provided Rajbhasha Shield to RVNL for organizing Hindi Prashn Manch Pratiyogita for member offices of Nagar OLIC

Upkram-2.

5.5 Presidential Directives:

During the year 2024-25, no presidential directive was issued.

6. Vigilance

Vigilance Department is headed by Chief Vigilance Officer (CVO). RVNL Vigilance functions with a dominant focus on preventive approach towards strengthening transparency in the systems, work procedures and accountability. Besides examining the allegations in the complaints received from various fora, it also carries out preventive checks and inspections. The findings of these investigations/inspections are communicated to the Management for suitable action including system improvements, wherever required. The compliance of corrective actions suggested against deficiencies/lapses noticed during the inspections/preventive checks are also ensured.

During the FY2024-25, focus was made to finalize/conclude the pending CVC/CTE/ Vigilance cases by vigorously pursuing the concerned authorities/RVNL field units for their comments/action taken. During the period, RVNL Vigilance also assisted in the Intensive Examination of Works by CTE/CVC conducted for two (02) works pertaining to Jhansi PIU and Metro/Kolkata PIU. Moreover, observations made during earlier CTE/CTE Type inspections were followed up and replies on paras pertaining to various CTE inspections were sent to CTE/CVC.

During the period, six (06) CTE Type checks and six (06) preventive checks were conducted by RVNL(Vigilance). Besides, comments against pending paras of CTE checks conducted in earlier years were also sent to the Commission and many paras also got closed from CVC.

DISPOSAL OF COMPLAINTS/INVESTIGATIONS:

The complaints received by Vigilance from time to time were dealt with as per procedure prescribed by CVC & DoPT. During the FY 2024-25, out of (46) complaints (other than PIDPI), all complaints were promptly disposed by RVNL vigilance. Three System improvements were suggusted which were implemented by RVNL Management.

During the FY 2024-25 approx. 505 cases of vigilance status of officers/employees were processed by RVNL Vigilance as required by HR/RVNL, Railway Board Vigilance, Zonal Railways Vigilance etc. All Vigilance status/ clearance cases were processed invariably through e-office for prompt disposal.

The status of various matters namely inspections, complaints, disciplinary cases and miscellaneous matters was regularly apprised to CVC/Railway Board through periodic quarterly and Annual Reports. The quarterly progress report of physical progress of different works being executed by RVNL was duly sent to CTEO (Office of Chief Technical Examiner under Central Vigilance Commission) for each quarter.

VIGILANCE AWARENESS WEEK:

v In a move towards inculcating the true spirit of participative vigilance, the Central Vigilance Commission had issued instructions detailing a three- month campaign period (16th August, 2024 (Friday) till 15th November, 2024 (Friday). As per CVCs advice, in the 03- months long campaign, following preventive vigilance measures were taken up as focus Areas by all the Ministries/Departments and Organizations:

a. Capacity Building programs

b. Identification and implementation of Systemic Improvement measures

c. Up-dation of Circulars/Guidelines/ Manuals

d. Disposal of complaints received before 30.06.24

e. Dynamic Digital Presence

7. Memorandum of Understanding

The Company secured a rating of “Excellent” by Department of Public Enterprises for the year 2023-24 on the basis of the achievement of the committed targets fixed in the Memorandum of Understanding signed between RVNL and Ministry of Railways. This is the fourteenth consecutive year for which the Company has been rated as “Excellent”.

During FY 2024-25, MoU includes some of the compliance parameters and their compliance status are as follows:

Certificate on Compliance of Asset Monetization Milestones for the financial year 2024-25.	Complied Company has not received any target from Niti Aayog/Ministry of railways (MoR) for the financial year 2024-25
Certificate on Compliance of provisions of the Companies Act, 2013, SEBI (LODR) Regulations, 2015 and any other relevant acts, rules and regulations under which it is regulated (to the extent the compliances are within the ambit of rVnL) for the financial year 2024-25.	Complied (to the extent the compliances are within the ambit of RVNL)
Certificate on Compliance of DPE guidelines issued from time to time for CSR Expenditure by CPSEs for the financial year 2024-25	Complied (Refer CSR Report)
Guidelines on Steps and initiative taken for Health & Safety Improvement of Human Resources in CPSEs for the financial year 2024-25.	Complied RVNL organized various Health camps and awareness program as a part of its commitment to public health and disease prevention. These initiatives included General Health camps, Intensified TB Elimination Campaign, Health Capm on world cancer day, Women Health awareness program on International Womens day, TB screening camp on World TB day
Acceptance/Rejection of invoices of Goods & Services of MSME vendors through TReDs.	Complied
Procurement of goods or services through Micro and Small Enterprises (MSEs) as % of total procurement of goods and services	Complied Rail Vikas Nigam Limited has complied with the Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012, and procured goods and services from MSEs (including MSEs owned by SC/ST and Women entrepreneurs) to the tune of Rs. 19.41 crores (37.81% of the total procurement) against the target of Rs.12.83 crores.
Procurement from GeM Portal as % of total procurement	Complied Rail Vikas Nigam Limited has complied with the Policy for procurement of goods and services from GeM Portal for the financial year 2024-25 and goods and services amounting to Rs.33.66 Cr is procured from GeM Portal against target of Rs.19.36 Cr during F.Y. 2024-25.
Procurement of goods or services through SC/ST Micro and Small Enterprises (MSEs) as % of total procurement of goods and services- 4%	Complied Rail Vikas Nigam Limited has complied with the Public Procurement Policy for SC/ST Vendors for the financial year 2024- 25 and procured goods and services amounting to Rs.2.28 crores from SC/ST Vendors i.e. 4.45% of total procurement target instead of 4% of total procurement during F.Y. 2024-25.
Procurement of goods or services through Women Micro and Small Enterprises (MSEs) as % of total procurement of goods and services	Complied Rail Vikas Nigam Limited has complied with the Public Procurement Policy for Women Entrepreneur for the financial year 2024-25 and procured goods and services amounting to Rs.3.22 crores from women vendors i.e. 6.27% of total procurement target against 3% of total procurement of goods and services during F.Y. 2024-25.

8. Particulars relating to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo etc.

8.1 Conservation of Energy and Technology

Absorption

RVNL is conscious of the limited nature of conventional sources and the importance of using our energy resources wisely. The Company has been consistently laying emphasis on utilizing energy efficient equipment in its office premises and in various projects so as to minimally effect on the ecology and environment. Initiatives taken to create awareness about conservation of energy among employees have resulted in a steady reduction in energy consumption at Corporate Office. Various environment friendly technologies have been adopted in the Corporate Office building. Solar panels are installed at all Railway Stations and level crossings. LED lighting system also installed and wherever feasible, automatic censor based lightings are installed.

8.2 Foreign Exchange Earnings and Outgo

The Foreign Exchange Outgo during the year in terms of actual outflows as compared to previous year is mentioned below:

(Rs. In crores)

Particulars	2024-25	2023-24
Import of Material	-	100.88
Import of Capital Goods	-	85.46
Foreign Exchange on	1.32	1.11
Foreign Travel of
Companys officials
Business Promotion	3.55	-
Purchase of tender	-	-
Bank Charges	0.04	0.09
Total	4.91	187.54

9. Risk Management

RVNL has a formal Risk Management Policy duly approved by the Board of Directors. The Policy aims to review the exposure of RVNL to various risks and the mitigation measures to be taken periodically. It also strives to increase awareness among its employees and other stakeholders about possible risks and measures to control the same.

The Company has a Risk Management Committee under the Chairmanship of Director (Operation) with all Functional Directors as members and Executive Directors as special invitees.

During the quarterly review, the committee deliberated on the key challenges/critical area of potential risk to the company and the following challenges/risks were identified:

a) Release of Funds from Himachal Pradesh Govt, Andhra Pradesh Government, Telangana & Maharashtra Government.

b) Improving website of RVNL for dissemination of information.

c) Protecting the website and related functions for Cyber Frauds.

d) Motivating the employees for new challenges e.g overseas projects.

e) Increasing Social Media in presence of RVNL & the number of followers has been increased during 2024-2025

Following initiatives have been taken based on the suggestions made by the Risk Management Committee to overcome the above challenges on pilot basis:

a) The matter is being continuously pursued with senior officials of respective State Governments. During the FY, release of Rs. 7.8 Cr. could be achieved.

b) A new website of RVNL has already been launched and also RVNL profile has been made on WIKIPEDIA.

c) Cyber Crisis Management Plan (CCMP) entails:

The Framework document for dealing with cyber-related incidents.

It has the details of persons to be contacted for a particular failure & a list of IT assets which could help with separation of infected infrastructure.

It describes the different types of Cyber crises, their possible targets & associated impacts, as well as the actions & responsibilities of stakeholders involved.

Cyber incident response coordination among Ministries/ Departments of the Central Government, its agencies & critical information infrastructure organizations to deal with cyber crisis situations.

CCMP is periodically reviewed & Security audit is also conducted regularly

10. Corporate Social Responsibility (CSR)

The key philosophy of CSR, as enshrined in the policy, is to meet the following broad objectives:

a) Implementation in project/programme mode

b) Focus on periphery of project areas of RVNL

c) Thrust areas of education and healthcare

d) Inclusive growth of society with emphasis on development of weaker sections of society and in the backward districts of the country.

The Company has constituted Corporate Social Responsibility Committee (CSR) in line with the requirements of the Companies Act, 2013 and DPE Guidelines. The details with respects to composition, CSR Policy and CSR activities undertaken by the Company during FY 2024-25 are placed as Annexure C to this report.

11. Compliance of provisions of Companies Act, 2013, SEBI (LODR) Regulations, 2015 and Secretarial Standards issued by ICSI

All the provisions of the Companies Act, 2013 and the Rules made thereunder, Secretarial Standards issued by ICSI and SEBI (LODR) Regulations, 2015 to the extent possible and applicable to the Company as well as all relevant notifications thereon issued by the Government of India, are being strictly complied with.

12. Compliance of DPE Guidelines and Policies

All the guidelines and policies including guidelines having financial implications issued by Department of Public Enterprises from time to time are duly complied with by the Company.

13. Compliance of the Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012

The Government of India has notified Public Procurement policy for Micro and Small Enterprises (MSEs) Order, 2012 with effect from 1st April, 2012. As the mandate of the Public Procurement Policy for Micro and Small Enterprises (MSEs) Order 2012, every Central Ministries/PSUs is required to set an annual target of minimum 25% procurement of goods & services from MSE Sector. Out of Total annual procurement, a sub target of 4% & 3% should be from MSEs owned by SC/ST and Women entrepreneurs respectively.

Rail Vikas Nigam Limited (RVNL) has taken several steps for effective implementation of MSE Policy. The benefits of waiver of cost of tender documents and deposit of earnest money, prescribed under the policy, are incorporated in the tenders for stores procurement and obtaining services etc.

Mrs Anupam Ban, Director (Personnel) is working as Nodal Officer and a Grievance Officer has been nominated for seamless implementation of the MSE policy in RVNL. Contact details of these officers are uploaded on RVNL website.

Annual Procurement Plan for purchase from MSEs during the year 2024-25 was made available on RVNL website for information of MSEs and to help them participate in procurement of goods and services.

In the year 2024-25, RVNL procured goods and services amounting to a total of Rs. 51.33 crores. Out of this, the total value of goods and services purchased from MSEs (Including MSEs owned by SC/ST and Women entrepreneurs) was to the tune Rs. 19.41 crores i.e. 37.81% of the total procurement. Thus, RVNL has fully complied with the Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012.

As desired, the expenditure incurred by RVNL on under mentioned head of accounts for the period from 01.04.2024 to 31.03.2025 is given below:

S. No.	Particulars	GL Code	Total Expenditure (Cr.)	MSME Expenditure (Cr.)	% of MSE
1.	Vehicle Hiring	5206050004	5.02	2.29	45.53%
2.	Photocopy Exp./ Printing & Stationary	5206110002/5206110003	2.51	0.67	26.85%
3.	Outsourcing Staff	5206100005/5206120003	14.68	2.94	20.05%
4.	Housekeeping / Security Service	5206170003/5206170004	16.01	10.25	64.02%
5.	Office Equipment	1101010001	2.33	0.04	1.52%
6.	Furniture and Fixtures	1101020001	1.02	0.09	9.03%
7.	EDP Assets	1101030001	1.92	0.16	8.48%

14. Research and Development

Implementation of an Integrated IT Solution for RVNL

RVNL is utilizing a number of IT initiatives in order to automate the business processes of the organisation across employee services, office procedures, and project management and vendor billings. Among the latest systems implemented, below are noteworthy accomplishments:

RVNL is embarking on adapting Data Analytics and Artificial Intelligence technology making all our processes centralised, digitised and automated.

RVNL upgraded the data centre and shifted to RailTel. With this now our systems are running on latest hardware.

RVNL, being a Navratna Public Sector Enterprise, ensures that as per Information Technology Act, 2000, Your Company has always been at the forefront in the adoption of new technology solutions for the continual improvement in its business processes. With a vision to be a digitally empowered organization for operational excellence and stakeholder value creation, it has adopted several path-breaking technologies in its technology stack. Various IT projects that are in pipeline for implementation are Upgrading our SAP systems from ECC 6 to S4/HANA, Implementing ISO 27001/2023 which is an internationally recognised standard for information security management systems etc.

15. Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2013, the Directors confirm that -

a) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a going concern basis.

e) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

16. Directors and Key Managerial Personnel

RVNL being a Government Company, the appointment of directors on its Board are done by the Govt. of India through Administrative Ministry i.e. Ministry of Railways, from time to time.

As on date of this report, the strength of the Board of the Company comprises of Eight (8) Directors, out of which five (5) are whole-time Directors (including Chairman and Managing

Director), two (2) Government Nominee Director from Administrative Ministry i.e., Ministry of Railways (MoR) as (Part-time) (official) Directors and One (1) Independent Director. Position of six(6) Independent Directors (including one-woman Independent Director) is vacant. However, the composition of the Board of Directors was not in conformity with the provisions of the Companies Act, 2013, SEBI (LODR) Regulations,2015 and DPE Guidelines on Corporate Governance, due to absence of requisite number of Independent Directors including one Woman Independent Director on its Board.

The Company has been requesting Ministry of Railways (MoR), Government of India to appoint requisite number of Independent directors (including woman Independent Director) to ensure the compliance to the provisions of SEBI (LODR) Regulations, 2015 and DPE Guidelines on Corporate Governance. Except the appointment of Independent Directors (including woman Independent Director), the composition of the Board is in compliance with Regulation 17 of SEBI (LODR) Regulations, 2015.

The following Directors held office during the year and till the date of this report-

S. No. Name & DIN of Directors	Designation	Date of Appointment/ Cessation
Whole Time Directors/Functional Directors
1. Mr. Pradeep Gaur (DIN:07243986)	Chairman and Managing Director	from 01.09.2018 onwards
2. Mr. Vinay Singh (DIN:03324677)	Director (Projects)	From 01.08.2019 upto 18.12.2024
3. Mr. Rajesh Prasad (DIN:08585975)	Director (Operations)	From 03.03.2020 upto 30.09.2024
4. Mr. Sanjeeb Kumar (DIN:03383641)	Director (Finance) & CFO	from 06.05.2020 upto 31.05.2025
5. Mrs. Anupam Ban (DIN:07797026)	Director (Personnel)	From 09.02.2023 onwards
6. Mr. Sandeep Jain (DIN:09435375)	Director (Operations) Additional Charge	From 01.10.2024 upto 25.11.2024
7. Mr. Mritunjay Pratap Singh (DIN:08165734)	Director (Operations)	from 26.11.2024 onwards
8. Mr. Sandeep Jain (DIN:09435375)	Director (Projects) Additional Charge	From 06.02.2025 onwards
9. Mr. Abhishek Kumar (DIN:10644411)	Director (Finance) Additional Charge	From 05.06.2025 onwards
Government Nominee Directors/Part time Official Directors
10. Mr. Dhananjaya Singh (DIN:08955500)	Govt. Nominee Director	From 11.11.2020 onwards upto 06.11.2024
11. Mr. N.C. Karmali (DIN:09103211)	Govt. Nominee Director	From 20.05.2024 onwards
12. Mr. Prem Sagar Gupta (DIN:09329458)	Govt. Nominee Director	From 06.11.2024 onwards
independent Directors/ Part time Non- Official Directors
13. Dr. M. V. Natesan (DIN:09408491)	Independent Director	From 22.11.2021 upto 08.11.2024
14. Mr. Anupam Mallik (DIN: 09547797)	Independent Director	From 25.03.2022 upto 20.03.2025
15. Mr. Surender Singh (DIN:11108145)	Independent Director	From 15.05.2025 onwards

*The Company has received declarations from the Independent Directors confirming that they meet the criteria of Independence as prescribed under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015 as amended from time to time.

Woman Director & Independent Woman Director

In terms of the provisions of Section 149 of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014, a Company shall have at least one-Woman Director on the Board of the Company. Further, as per SEBI (LODR) (Amendment) Regulations, 2018, a Company shall have at least one Independent Women Director. Your Company had no Independent Woman Director on the Board of the Company since 18.09.2020. The Company has requested Ministry of Railways for appointment of Women Independent Directors in order to comply with the requirements under Regulation 17 of SEBI (LODR) Regulations 2015 and Companies Act, 2013.

Appointment/Resignations of Key Managerial Personnels

The Board of Directors of the Company has designated all the whole-time Directors, Company Secretary, Chief Financial Officer (CFO) as the Key Managerial Personnel (KMP) of the Company; and Chairman & Managing Director (CMD) has been designated as CEO. After the close of the year, Executive Director (Finance) has been designated as CFO.

Changes (Appointment/Cessation) in Directors & Key Management Personnels (KMP) during the year and till the date of this report is mentioned in Report on Corporate Governance.

Name	Designation	Date of change	Reasons
Mr. N.C. Karmali (DIN:09103211)	Govt. Nominee Director	20.05.2024	Appointment as an Additional Director
		30.09.2024	Change in Designation from Additional Director to Nominee Director
Mr. Rajesh Prasad (DIN:08585975)	Director (Operations)	01.10.2024	Cessation due to Superannuation
Mr. Sandeep Jain (DIN:09435375)	Director (Operations) Additional Charge	01.10.2024	Appointment as an Additional Director
		26.11.2024	Cessation as an Additional Director
	Director (Projects) Additional Charge	06.02.2025	Appointment as an Additional Director
Mr. Prem Sagar Gupta (DIN:09329458)	Govt. Nominee Director	06.11.2024	Appointment as an Additional Director
Mr. Dhananjaya Singh (DIN:08955500)	Govt. Nominee Director	07.11.2024	Cessation due to nomination withdrawn by appointing authority
Dr. M. V. Natesan (DIN:09408491)	Independent Director	09.11.2024	Cessation due to Retirement
Mr. Mritunjay Pratap Singh (DIN:08165734)	Director (Operations)	26.11.2024	Appointment as an Additional Director
Mr. Vinay Singh (DIN:03324677)	Director (Projects)	19.12.2024	Cessation due to Retirement
Mr. Anupam Mallik (DIN: 09547797)	Independent Director	21.03.2025	Cessation due to Retirement
Mr. Surender Singh (DIN:11108145)	Independent Director	15.05.2025	Appointment as an Additional Director
Mr. Sanjeeb Kumar (DIN:03383641)	Director (Finance) & CFO	01.06.2025	Cessation due to Superannuation
Mr. Abhishek Kumar (DIN:10644411)	Director (Finance) Additional Charge	05.06.2025	Appointment as an Additional Director

Annual evaluation by the Board of its own performance and that of its Committees and Individual Directors-

RVNL being a Government Company is exempted vide Ministry of Corporate Affairs (MCA) General Circular No. F. No. 1/2/2014- CL. V dated 05.06.2015 to comply with the provisions of Sec 134(3)(e) and Sec 134(3)(p) with respect to Annual evaluation by the Board of its own performance and that of its Committees and Individual Directors and Section 178(2) which requires performance evaluation of every director by the Nomination & Remuneration Committee. In case of RVNL, the performance evaluation of Directors is done by the Ministry of Railways as per their laid down procedure. Further, DPE, through our Administrative Ministry (MOR) has started the exercise of performance evaluation/ assessment of non- official (Independent) Directors on the Board of the Company.

Retirement of Directors by Rotation

The Companies Act, 2013 provides that the provisions in respect of retirement of Directors by rotation will not be applicable to Independent Directors. In view of this, no Independent Director is considered to be retiring by rotation; however, all other directors are considered to be retiring by rotation. Accordingly, as per provisions of section 152 of Companies Act, 2013, one third among all other directors namely Shri Pradeep Gaur, (DIN: 07243986), Chairman & Managing Director, being longest in office, are liable to retire by rotation and being eligible, offer himself for re-appointment. The details of Director seeking re-appointment at the ensuing AGM are contained in the Notice convening the ensuing AGM of the Company.

Meetings of the Board of Directors and Other Committees of the Board and their Composition

Pursuant to the Companies Act, 2013 and Rules framed there under, Seven (7) Board Meetings were held in the FY 2024-25. The details of the Meetings are in the Corporate Governance Report forming part of this report. Your Company has Audit Committee, CSR Committee, and other Committees of the Board in place in compliance to Compliance Act, 2013 and SEBI (LODR) Regulations. The Composition and scope of the Committees are provided in the report of Corporate Governance, forming part of this report in Annexure-B. Further, there has been no instance where the Board of Directors have not accepted the recommendation of Audit Committee.

A Statement regarding Opinion of the Board with regard to Integrity, Expertise and Experience (including the Proficiency) of the Independent Directors appointed during the year

The Independent directors appointed on the Board of the Company are eminent personalities drawn from fields like Science, Finance, management, industry etc. having wide experience. Upon induction on the Board of the Company, the Independent directors are familiarized with profile of the Company, its business, industry scenario, operations, organizational structure, statutory & regulatory responsibilities through familiarization programme. During the Financial year 2024-25, no Independent Director on the board of Rail Vikas Nigam Limited (RVNL) has resigned from the post of Independent Director. However, the present Independent Director has wide experience in the field of Taxation and has contributed towards the growth of the Company. In the opinion of the Board, the Independent Director fulfils the conditions specified in the Listing Regulations and are independent of the management.

However, the composition of the Board of Directors was not in conformity with the provisions of the Companies Act, 2013, SEBI LODR Regulations and DPE Guidelines on Corporate Governance, due to absence of requisite number of Independent Directors (including One-Woman Independent Director) on its Board. The Company has been requesting Ministry of Railways (MoR), Government of India to appoint requisite number of Independent directors (including one-woman Independent Director) to ensure the compliance to the provisions of SEBI (LODR) Regulations, 2015 and DPE Guidelines on Corporate Governance. Except the appointment of Independent Directors (including one-woman Independent Director), the composition of the Board is in compliance with Regulation 17 of SEBI (LODR) Regulations, 2015.

17. Auditors Statutory Auditor

The Comptroller & Auditor General of India has appointed M/s. Gandhi Minocha &Co., Chartered Accountants as Statutory Auditors of the Company for the year ended 31 March, 2025. The Board would like to thank them for their valuable support and guidance during the audit of accounts under review.

Secretarial Auditor

The Board of Directors has appointed M/s Kumar Naresh Sinha & Associates, Practicing Company Secretary to conduct the Secretarial Audit for financial year 2024-25. The Secretarial Audit Report is annexed and forms part of this Annual Report in Annexure E.

18. Reporting of Frauds by Auditors

During the year, neither the Statutory Auditor nor the Secretarial Auditor have reported to the Audit Committee under Section 143(2) of the Companies Act, 2013, any instance of fraud committed against the Company by its officers or employees.

19. Comments of Comptroller & Auditor General (C&AG) of India

The Comptroller & Auditor General of India has undertaken supplementary audit on the accounts of the Company for the year ended 31 March, 2025 under Section 139(5) of the Companies Act, 2013. The comments of the C&AG on the Annual Accounts of the Company for the year ended 31 March, 2025 are yet to be received by the company.

20. Details of Significant and Material Orders passed by the Regulators or Courts or Tribunals impacting the Going Concern Status and Companys Operations in Future.

No Significant and Material orders passed by the Regulators or Courts or Tribunals impacting the going concern status and Companys operations in future during the year under review

21. Particulars of Employees and Related Disclosures

The provisions of Section 134(3)(e) of the Companies Act, 2013 are not applicable to a Government Company. Similarly, Section 197 of the Companies Act, 2013 shall not apply to a Government Company. Consequently, there is no requirement of disclosure of the ratio of the remuneration of each Director to the median employees remuneration and other such details, including the statement showing the names and other particulars of every employee of the Company, who, if employed throughout/part of the financial year, was in receipt of remuneration in excess of the limits set out in the Rules.

22. Material Changes and Commitments affecting Financial position between the end of the Financial Year and Date of Report

There are no material changes and commitments affecting financial position of the Company which occurred between 01.04.2024 to 31.03.2025 and date of signing of this Report.

23. Cost Records

The Board of Directors has appointed M/s. R. M. Bansal & Co., Cost Accountants to conduct the Cost Audit for financial year 2024-25.

24. Difference in amount of the Valuation

There was no such instance of either settlement or loan from Bank or Financial Institution during the year under review.

25. General

Your Directors state that no disclosure or reporting is required in respect of the following matters as there were no transactions on these matters during the year under review:

Details relating to deposits covered under Chapter V of the Companies Act 2013.

Issue of equity shares with differential rights as to dividend, voting or otherwise.

There has been no change in the nature of business of the Company.

26. Corporate Insolvency Resolution Process initiated under the Insolvency and Bankruptcy Code, 2016

The Company has no information to disclose under above.

27. Failure to implement any Corporate Action

The Company has implemented all Corporate Actions successfully within prescribed timelines. Therefore, the Company has nothing to report.

28. Acknowledgements

Your Directors also take this opportunity to gratefully acknowledge the co-operation, guidance, and support in effective management of companys affairs and resources provided by Government of India, in particular Ministry of Railways (MoR), Ministry of Finance, Department of Public Enterprises, various banks, Asian Development Bank, the Zonal Railways, IRFC and our equity partners in Joint Venture/SPVs for their continued interest and support to the Company. Your Directors would like to express their thanks for the devotion, commitment and dedication of each and every employee of the Company due to which your Company could face the new challenges and opportunities and create a niche for itself as a major provider of rail infrastructure in the country. Your Directors also acknowledge the support and guidance received from officials of Comptroller & Auditor General of India, Statutory Auditors, Cost Auditors and Secretarial Auditors for their suggestions. Last but not the least, the Directors would like to express their deep appreciation and gratitude towards all their predecessors who have been associated with RVNL, for their valuable contribution to the growth and development of the Company in attainment of the Companys aim and goals in all the spheres.

For and on behalf of Board of Directors

Sd/-

(Pradeep Gaur)

Chairman & Managing Director

DIN:07243986

Place: New Delhi

Date: 02.07.2025