Railway board orders closure of IRSDC after shutting down IROAF
RAILWAYS & METRO RAIL

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).

Image Source

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). Image Source

Next Story
Infrastructure Urban

MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Next Story
Infrastructure Urban

ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat’s efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

Next Story
Infrastructure Urban

SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India’s Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?