SECTOR: CONSTRUCTION & CONTRACTING
Rail Vikas Nigam
Rail Vikas Nigam (RVNL), a CPSE under the Ministry of Railways, was incorporated in 2003, and has completed 8,879.65 km covering 360.01 km of new lines, 2,932.35 km of doubling, 1,783.22 km of gauge conversion, 3,762.07 km of railway electrification, 42 km of Metropolitan Transport Project, seven railway workshops, one cable-stayed bridge at Bardhhaman and four other specific works. Pradeep Gaur, Chairman & Managing Director, shares more...
One thing you consider the biggest contributor to the company’s growth in FY2018-19: Our approach was based on the synergy of various verticals and employee satisfaction. All issues pertaining to project delivery, general progress of the company and employee satisfaction were closely looked into and timely action was taken to resolve them.
One single factor you avoided that could have impacted the company’s top-line and bottom-line: RVNL is executing some projects on a cost-sharing basis between the Ministry of Railways and respective state governments. Owing to a precarious financial position, the administrations at state level were not able to provide their share of funds.
Consequently, RVNL slowed down work on these projects to reduce the liability of the company.
Plans for FY2019-20: We are working towards a 35 per cent growth in turnover and a 50 per cent increase in commissioning of projects (NL/GC/DL) and railway electrification. Around 15 days are taken by the ministry to reimburse all project expenditure incurred by our company. A joint procedure order is currently under modification to reduce this time period to three days. Its second PPP project, the Haridaspur- Paradeep (82 km) new line, is being targeted for commissioning in FY2019-20.
