Centre to develop roadmap for six railway PSUs in budget 2022
RAILWAYS & METRO RAIL

Centre to develop roadmap for six railway PSUs in budget 2022

The centre plans to implement a roadmap for merging six public sector undertakings (PSUs) under the Ministry of Railways in the budget 2022-23.

Sanjeev Sanyal, the principal economic adviser, recommended the mergers in August 2021 on the rationalisation of the government bodies under the Ministry of Railways.

Sources informed the media that Minister of Finance Nirmala Sitharaman is likely to announce the merger of Rail Vikas Nigam Limited (RVNL) with Indian Railway Construction Limited (IRCON), RailTel Corporation with Indian Railway Catering and Tourism Corporation (IRCTC) and Braithwaite and Co Limited with Rail India Technical and Economic Services (RITES).

According to an official, out of three railway PSU mergers, two are likely to complete in 2022, depending on the regulatory approvals.

The merger between RVNL and IRCON and RailTel and IRCTC might be completed by 2022-23. The Ministry of Railways expects that the PSU merger will boost the value of the PSUs for raising funds on better terms.

RVNL will be implementing the projects for creating and augmenting rail infrastructure, while IRCON is a specialised infrastructure construction organisation.

The merger of PSUs was started in September when the Ministry of Finance asked the Indian Railways to come up with a merger plan of seven PSUs proposed by Sanyal.

It also asked the railways to figure out a plan to downsize operations within the railway department to help organisations focus on running and maintaining railway services.

Image Source

The centre plans to implement a roadmap for merging six public sector undertakings (PSUs) under the Ministry of Railways in the budget 2022-23. Sanjeev Sanyal, the principal economic adviser, recommended the mergers in August 2021 on the rationalisation of the government bodies under the Ministry of Railways. Sources informed the media that Minister of Finance Nirmala Sitharaman is likely to announce the merger of Rail Vikas Nigam Limited (RVNL) with Indian Railway Construction Limited (IRCON), RailTel Corporation with Indian Railway Catering and Tourism Corporation (IRCTC) and Braithwaite and Co Limited with Rail India Technical and Economic Services (RITES). According to an official, out of three railway PSU mergers, two are likely to complete in 2022, depending on the regulatory approvals. The merger between RVNL and IRCON and RailTel and IRCTC might be completed by 2022-23. The Ministry of Railways expects that the PSU merger will boost the value of the PSUs for raising funds on better terms. RVNL will be implementing the projects for creating and augmenting rail infrastructure, while IRCON is a specialised infrastructure construction organisation. The merger of PSUs was started in September when the Ministry of Finance asked the Indian Railways to come up with a merger plan of seven PSUs proposed by Sanyal. It also asked the railways to figure out a plan to downsize operations within the railway department to help organisations focus on running and maintaining railway services. Image Source

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?