Railway board orders closure of IRSDC after shutting down IROAF

To rightsize the Indian Railways, the Railway Board has passed an order to shut down the Indian Railway Stations Development Corporation (ISRDC), which was set for the redevelopment of the railway stations in India.

It now became the second organisation under the Ministry of Railway to shut down the Indian Railways Organisation for Alternative Fuel (IROAF) on 7 September.

The initiative is to accept the recommendation of the Ministry of Finance, which recommended the rationalisation of the government bodies by their closure or through merging multiple organisations under various ministries.

The order passed on Monday, and the Railway Board said that the stations managed by IRSDC would be given to the respective zonal railways, and corporations will pass the documents related to all the projects for future development.

Several projects of IRSDC, set up in 2012, were included in the bidding for the redevelopment of the Chhatrapati Shivaji Terminus in Mumbai.

Recently, IRSDC has floated a tender for setting up Rail Arcade in Chandigarh and KSR Bengaluru Railway Stations. It also unveiled its plan to undertake facility management of 90 railway stations in Southern India.

According to a report prepared by the Principal Economic Advisor, Sanjeev Sanyal, it recommended merging the Rail Vikas Nigam Ltd (RVNL), which was set up for the projects related to creating and augmenting the railway infrastructure with the Indian Railway Construction Ltd (IRCON).

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