Rail Vikas Nigam Limited (RVNL) Awarded Navratna Status by Indian Government

Navratna status has been granted to Rail Vikas Nigam Limited (RVNL). A Ministry of Railways-owned Central Public Sector Enterprise, RVNL was established on January 24, 2003, with the aim of implementing projects that enhance the rail infrastructure’s capabilities and raise additional budgetary resources for SPV projects. The company received Mini-Ratna status in September 2013, with a paid-up share capital of Rs. 2085 crore and an authorized share capital of Rs. 3000 crore and. RVNL executes project development and work implementation that covers the entire project life cycle and creates project-specific SPVs for specific works, as required. RVNL’s promotion to Navratna status will result in more operational autonomy and financial flexibility, giving the company a significant boost as it expands its presence in sectors beyond railways and even ventures into projects abroad.