DIRECTOR'S REPORT

Rail Vikas Nigam Ltd.

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Market Cap. (₹)	46750.32 Cr.	P/BV	4.76	Book Value (₹)	47.11
52 Week High/Low (₹)	401/221	FV/ML	10/1	P/E(X)	53.45
Bookclosure	11/02/2026	EPS (₹)	4.20	Div Yield (%)	0.76

Year End :2025-03

Your Directors are pleased to present the
22^ndAnnual Report and Audited Financial
Statements for the Financial Year ended 31 March,
2025 together with the reports of Statutory
Auditors.Comments of Comptroller & Auditor
General of India are yet to be received by the
Company.

1. Financial Performance Highlights

The key highlights of the financial
performance of the company during FY
2024-25 along with the corresponding
performance in F.Y. 2023-24 are mentioned
below (rounded to nearest rupees/crore):

(Rs. in crore)

Particulars	2024-2025	2023-24 1	% Increase/ Decrease
Turnover	19,869.35	21,732.58	-8.57%
Total Income	20,888.24	22,915.13	-8.85%
Operating Income	1,484.15	1,691.34	-12.25%
Reserves & Surplus	6,538.70	5,782.26	13.08%
Profit Before Tax	1,550.17	1,939.40	-20.07%
Profit After Tax	1,188.62	1,462.95	-18.75%
Net worth	8,623.72	7867.28	9.62%
Appropriations
Dividend	*358.62	439.94	-18.48%

* Final dividend amounting to Rs 358.62 crore @ Rs 1.72 per fully

paid equity share recommended by the Board of Directors subject
to the approval of shareholders in the ensuing Annual General
Meeting of the Company.

Capital Structure

With an Authorized share capital of the
Company of Rs. 3000 crores, there has been
no change in the Capital Structure of the
Company, with the Paid-up share capital of
the Company remaining at Rs. 2085.02 crore.
The Company has not issued any share during
the year under consideration.

Employee Stock Option Plan

Your Company has not provided any
Employee Stock Option Plan (ESOP);
therefore, disclosure requirement in relation
to ESOP under Rule 12(9) and Rule 16(4) of
the Companies (Share Capital and
Debentures) Rules, 2014 is not applicable.

Shareholding of President of India (POI)

As on 31.03.2025, the present Shareholding of
President of India (POI) is 1,51,87,43,694 equity
shares of Rs. 10 each amounting to Rs.
15,18,74,36,940 that is 72.84%.

Profit

Profit before Tax decreased from Rs. 1,939.40
crore in 2023-24 to Rs. 1,550.17 crore in 2024¬
25 showing an decrease of 20.07%. Profit after
Tax decreased from Rs. 1,462.95 crore in FY

2023- 24 to Rs. 1,188.62 crore in FY 2024-25
showing a decrease of 18.75%.

Net Worth

The Net Worth of your Company has increased
over the previous year from Rs.7,867.28 crore
to Rs. 8,623.72 crore on account of transfer
of profits (after payment of Dividend& OCI).

Reserves

The Reserves & Surplus of the Company for FY

2024- 25 stand at Rs. 6538.70 crore as
compared to Rs. 5,782.26 crore in FY 2023-24,
showing an increase of 13.08% from previous
year.

Dividend

The Board recommended a final dividend of
Rs. 358.62 crores (Rs. 1.72 per share) subject
to the approval of shareholders in the ensuing
Annual General Meeting of the Company.
Total dividend for the financial year 2024-25
is Rs. 358.62 crore.

Acceptance of Deposits

Your company has not accepted any deposit
from the public during the year.

Reimbursement of Expenditure

RVNL received an amount of Rs. 17,917.05
crore (approx.) for project expenditure during
the current year, from Ministry of Railways
(MoR) for execution of various works.

Loans from IRFC

During the year, no borrowing was made
from IRFC. With this, the total amount
received from IRFC is Rs. 7865.08 crore. The
principal and interest on the borrowings from
IRFC are repaid by Ministry of Railways (MoR)
as a pass-through entry in the books of RVNL.
During the year, an amount of Rs.472.00crore

towards principal & Rs. 550.19 crore towards
interest was paid to IRFC on this account,
leaving an outstanding loan & Principal
balance of Rs. 5941.66 crore (including
interest accrued of Rs.1449.30 Cr).

Turnover

Your Company has achieved a turnover of
Rs. 19,869.35 crore in 2024-25 as compared to
Rs. 21,732.58 crore in 2023-24.

In addition, over the years the Company has
also put a large number of large value
contracts in place to speed up the process
of project execution. At the same time, there
has also been a significant increase in the
revenue from the projects secured through
bidding to the tune of Rs. 2771.50 crore during
2024-25 in comparison to Rs. 1698.78 crore in
the previous year.

Consolidated Financial Statements

The consolidated Financial Statements of the
Company prepared in accordance with the
provisions of Companies Act, 2013 and the
applicable Indian Accounting Standards
(IND-AS) for the financial year 2024-25 forms
part of the Annual Report of the Company.
The accounts have been consolidated based
on the performance and activities of the
SPVs, JVs, Associates and the share of RVNL
in those entities as an equity partner and its
wholly owned subsidiaries. The related entries
appearing in the standalone accounts of
RVNL have been adjusted accordingly in
consonance with the relevant Indian
Accounting Standards (Ind AS 110 & 28). The
salient features of differences in the significant
entries between the Standalone Accounts of
RVNL and the Consolidated Accounts are as
under:

Particular	Figures as	Figures as
	on 31.03.2025	on 31.03.2025
	Standalone	Consolidated
Turnover	19869.35	19923.02
Other Income	1018.89	999.78
Direct Expenses	18385.20	18406.31
Indirect Expenses	952.87	961.87
PBT	1550.17	1554.62
PAT	1188.62	1281.52
Reserve & Surplus	6538.70	7485.99
Net Worth	8623.72	9571.01

** PBT includes Rs. 95.41crore as proportionate share
of RVNL in the profit/loss of Joint Ventures.

Subsidiary, Joint Venture and Associate
Companies

A report on the performance and financial
position of subsidiary, associates and joint
venture Company as per Companies Act,
2013 is provided in Note-43 to the
Consolidated Financial Statements.

2. Integral Reports

The Management Discussion and Analysis

Report provides an overview of the affairs of
the Company, its business environment,
mission and objectives, outlook, operational
performance, its resources and systems,
strengths, opportunities, constraints, risks and
concerns, strategies, prospects, etc.
(Annexure A).

The Corporate Governance Report highlights
the Company's philosophy on Corporate
Governance and Key Values, composition of
Board of Directors and its Committees,
attendance and remuneration of Directors
etc. other relevant disclosures, CEO/CFO
Certification and general information for
shareholders. The following compliance
certificates as required under DPE Guidelines
and SEBI Regulations supplement it.
(Annexure B).

A Certificate signed by the Chairman and
Managing Director affirming receipt of
compliance with the Code of Conduct
from all Board members and Senior
Management personnel during the year
2024-25(placed at Annexure “B-1”) as per
guidelines of Department of Public
Enterprises on Corporate Governance.

A Certificate from the Chairman and
Managing Director (CMD) and Chief
Financial Officer (CFO) with regard to
the authenticity of financial statements
(placed at Annexure “B-2”); and

A Certificate of compliance on Corporate

Name of Report	Annexure
Management Discussion and Analysis	A
Corporate Governance Report	B
Corporate Social Responsibility (CSR) Report	C
"Business Responsibility and Sustainability Report (BRSR)"	D
Secretarial Auditor Report	E
Form AOC-2	F

Governance signed by a practicing
Company Secretary (placed at Annexure
“B-3”) as per guidelines of Department of
Public Enterprises on Corporate
Governance and Listing Regulations.

Certificate on non-disqualification of
Directors as per schedule V of SEBI
(LODR) Regulations, 2015 (placed at
Annexure “B-4”)

The Corporate Social Responsibility (CSR)
Report reflects RVNL's plans, policy, budget,
expenditure, evaluation process for projects
and CSR activities undertaken during the
year. (Annexure C)

The “Business Responsibility and
Sustainability Report (BRSR)”describes the

initiatives taken by the Company from an
Environmental, Social and Governance (ESG)
perspective in terms of amendment to
Regulation 34 (2) (f) of SEBI (LODR)
Regulations 2015.(Annexure D)

Pursuant to provisions of Section 204 of
Companies Act, 2013 and Companies
(Appointment and Remuneration of
Managerial personnel) Rules 2014, the
Company has appointed M/s. Kumar Naresh
Sinha & Associates, Practicing Company
Secretary, to undertake the Secretarial Audit
of the Company. The Secretarial Audit Report
is placed at Annexure “E”.

As per Section 92 (3) of the Companies Act,
2013, Annual Return will be available on the
website of the Company i.e., www.rvnl.org.

The disclosure of Related Party Transactions,
as required under section 134 (3) (h) of
Companies Act, 2013 and Rule 8 (2) of the
Companies (Accounts) Rules, 2014 in Form
“AOC-2” is placed at Annexure “F”.

3. Operational Performance

Your Directors are delighted to inform that
the F.Y. 2024-25 has been a year of excellence
and growth for the Company.

In 2024-25, 345.89 km sections were
commissioned consisting of 3.2 km of New
Line and 342.69 km of Doubling handed over
to Zonal Railways for operations.

During the year, 5 important projects were
fully commissioned. These are:

Rajpura- Bhatinda (172.64 km) Doubling
Janghai- Phahamau Doubling

Varanasi- Madhosingh- Allahabad
Doubling

Daraganj- Rebuiding (Bridge No. 111 on
Ganga)

Pamban Bridge (Lifting Span Bridge)

The year 2024-25 was significant in Indian
history for organizing largest gathering at
Prayagraj during Maha Kumbh. The fastest
commissioning of Janghai- Phahamau
Double line Project (46.1 km), Varanasi-
Madhosingh- Allahabad Double line Project
(120.20 km) and Daraganj-Rebuilding (Bridge
No. 111 on Ganga, 1.934 km) has eased out
railway traffic during Maha Kumbh which
facilitated Indian Railway to run 1000+ extra
trains during this period.

The iconic Pamban Bridge of 2.1 km length
comprising of India's first vertical lifting span
over Bridge of 72-meter span was completed
in November 2024 that connected the town
of Rameswaram on Pamban Island with
Mandapam in mainland. World's most
advanced technologies have been used in
construction of Pamban Bridge. The Bridge
was inaugurated by the Shri Narendra Modi
Honourable Prime Minister of India. Nearly 14
passenger trains run daily over this new
constructed bridge which carries thousands
of passengers to Rameswaram.

Railway Electrification:

During the year, with the focus of the Ministry
on the commissioning of Railway
Electrification projects, Company
commissioned 158.19 km of Railway
Electrification. In addition, Railway
Electrification of 324.83 km was also carried
out in other than specific Railway
Electrification projects as part of Doubling.
Thus, 483.02 km of electrified sections were
commissioned in 2024-25.

3.1 Physical Size of the Projects:

Since its establishment in 2003, Ministry of
Railways has transferred 185 projects to RVNL
for execution, which may be broadly
classified under the following heads:

• Doubling 70

• Gauge Conversion 12

• New Lines 12

• MTP 06

• Railway Electrification 39

• Workshops 21

• Others 25

And after implementation of revocation of
policy for assignment of work to PSUs in 2021,
RVNL had participated in Open Bidding and
projects awarded through biddings as on
March 2025 are:

• Awarded through Bidding 94

The distribution of project length under
various plan heads is shown below:

Deatils of Projects

16000			__¦ Completed upto
14000			March 2025
12000			7768
_1rtnnn 6934 10000
8000 ^		445	—	25
⁶⁰⁰⁰ 1256 4000 (
	5489		7743	_1C. 46
²⁰⁰⁰ 633.				155 7
		r a
0 J>^z & ^			oh ₃₉& X? cr

* Figure indicates Number of Projects

RVNL has so far completed 157 projects.

The list of 157 projects fully completed ud to March 2025 is as under:

S. No.	Railway	Project Name	Type of Project	Length (km)
1.	Central Railway	Diva - Kalyan 5th & 6th Line	Doubling	11
2.	Central Railway	Pakni - Mohol Doubling	Doubling	17
3.	Central Railway	Panvel - Jasai JNPT Doubling	Doubling	28.5
4.	Central Railway	Pakni - Solapur Doubling	Doubling	16.28
5.	Central Railway& SCR	Daund- Gulbarga- Doubling (224.9 km) and Pune- Guntakal -Electrification (641.37 km)	Doubling	224.9
6.	Eastern Railway	Gurup - Saktigarh Extn of 3rd Line	Doubling	26
7.	East Central Railway	Barauni - Tilrath Bypass Doubling	Doubling	8.3
8.	East Coast Railway	Talcher-Cuttack-Paradeep Doubling with 2nd Bridge on Rivers Birupa & Mahanadi	Doubling	3
9.	East Coast Railway	Jakhapura- Haridaspur 3rd Line	Doubling	23.3
10.	East Coast Railway	Cuttack - Barang Doubling	Doubling	14.3
11.	East Coast Railway	Rajatgarh-Barang Doubling	Doubling	31.3
12.	East Coast Railway	Khurda-Barang - 3rd line (35 km)	Doubling	32.32
13.	East Coast Railway	Sambalpur-Titlagarh (182 km)	Doubling	182.00
14.	East Coast Railway	Raipur-Titlagarh (203 km)	Doubling	203
15.	East Coast Railway	Banspani-Daitari-Tomka-Jakhapura (180 km)	Doubling	180
16.	Northern Railway	New Delhi-Tilak Bridge- 5th & 6th line (2.65 km)	Doubling	2.65
17.	Northern Railway	Utraitia-Raebareli (65.6 km)	Doubling	68.04
18.	Northern Railway	Raebareli-Amethi (60.1 km)	Doubling	59.00
19.	Northern Railway	Raipura-Bhatinda Doubling with Electrification (172.64 km)	Doubling	172.64
20.	North Central Railway	Palwal - Bhuteswar 3rd Line	Doubling	81
21.	North Central Railway	Aligarh - Ghaziabad 3rd Line	Doubling	106.1
22.	North Central Railway	Bhimsen-Jhansi (206 km) with RE	Doubling	206
23.	North Western Railway	Bhagat Ki Kothi - Luni Doubling	Doubling	30.3
24.	North Western Railway	Karioda - Palanpur Doubling	Doubling	5.4
25.	North Western Railway	Rewari- Manheru Doubling	Doubling	69.02
26.	North Western Railway	Rani-Keshav Gani Doubling	Doubling	59.5
27.	North Western Railway	Abu Road-Sarotra Road- Patch doubling (23.12 km)	Doubling	23.12
28.	North Western Railway	Swaruganj-Abu Road - Patch doubling (25.36 km)	Doubling	25.36
29.	North Western Railway	Sarotra Road-Karjoda - Patch doubling (23.59 km)	Doubling	23.59
30.	Southern Railway	Attipattu - Korukkupet 3rd Line	Doubling	18
31.	Southern Railway	Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line	Doubling	41.89
32.	Southern Railway	Tiruvallur - Arakkonam 4th Line	Doubling	28
33.	Southern Railway	Villipuram-Dindigul Doubling	Doubling	273
34.	Southern Railway	Thanjavur-Ponmalai - Doubling	Doubling	46.96

S. No.	Railway	Project Name	Type of Project	Length (km)
35.	Southern Railway	Madurai-Maniyachi-Tuticorin (160 km)	Doubling	160
36.	Southern Railway	Maniyachi-Nagercoil DL	Doubling	102
37.	South Central Railway	Pullampet - Balapalle Ph I of Gooty - Renigunta Doubling	Doubling	41
38.	South Central Railway	Krishnapatnam - Venkatachalam Doubling with RE	Doubling	16.5
39.	South Central Railway	Gooty - Renigunta Patch Doubling	Doubling	151
40.	South Central Railway	Raichur - Guntakal Doubling	Doubling	81.0
41.	South Central Railway	Guntur-Tenali - Doubling with electrification (24.38 km)	Doubling	25
42.	South Central Railway	Vijaywada-Gudivada-Bhimavaram- Narasapur, Gudivada-Machlipatnam and Bhimavaram-Nidadavolu (221 km) - Doubling with electrification	Doubling	221.00
43.	South Central Railway	Secunderabad (Falaknuma)-Mehbubnagar doubling	Doubling	85.70
44.	South Eastern Railway	Tikiapara - Santragachi Doubling	Doubling	5.6
45.	South Eastern Railway	Panskura - Kharagpur 3rd Line	Doubling	45
46.	South Eastern Railway	Panskura - Haldia Ph 1 Doubling	Doubling	14
47.	South Eastern Railway	Rajgoda - Tamluk (Jn. Cabin) Doubling	Doubling	13.5
48.	South Eastern Railway	Tamluk Jn. Cabin - Basulya Sutahata Doubling	Doubling	24.23
49.	South Eastern Railway	Goelkera-Monoharpur 3rd line (40 km)	Doubling	27.5
50.	South East Central Railway	Bilaspur - Urkura 3rd Line Doubling	Doubling	105
51.	South East Central Railway	Salka Road- Khongsara Patch Doubling	Doubling	26
52.	South East Central Railway	Khodri-Anuppur, with Flyover at Bilaspur (61.6 km)	Doubling	61.6
53.	South Western Railway	Hospet - Guntakal Doubling	Doubling	115
54.	West Central Railway	Bhopal-Bina - 3rd line (143 km)	Doubling	144.3
55.	West Central Railway	Itarsi-Budni - 3rd line (25.090 km)	Doubling	25.09
56.	West Central Railway	Barkhera-Habibganj - 3rd line (41.420 km)	Doubling	41.2
57.	West Central Railway	Bina-Kota (282.66 km) with RE	Doubling	282.66
58.	West Central Railway	Barkhera - Budni 3rd line	Doubling	26.5
59.	Western Railway	Palanpur- Samakhiali (247.73 km)	Doubling	247.3
60.	North Eastern Railway	Lucknow-Pilibhit via Sitapur, Lakhimpur (262.76 km)	GC	262.76
61.	North Western Railway	Delhi - Rewari Gauge Conversion	GC	94.2
62.	North Western Railway	Ajmer - Phulera - Ringus - Rewari Gauge Conversion	GC	295
63.	North Western Railway	Bhildi - Samdari Gauge Conversion	GC	223
64.	Southern Railway	Thanjavur - Villupuram Gauge Conversion	GC	192
65.	Southern Railway	Cuddalore - Salem Gauge Conversion	GC	193
66.	South Western Railway	Arasikere-Hassan-Mangalore Gauge Conversion	GC	230
67.	Western Railway	Bharuch - Samni - Dahej Gauge Conversion	GC	62
68.	Western Railway	Gandhidham - Palanpur Gauge Conversion	GC	301

S. No.	Railway	Project Name	Type of Project	Length (km)
69.	Western Railway	Ahmedabad-Botad (170.48 km)	GC	166.09
70.	Western Railway	Dhasa-Jetalsar (104.44 km)	GC	106.69
71.	East Coast Railway	Daitari - Banspani New Line	New Line	155
72.	East Coast Railway	Haridaspur-Paradeep (82 km)	New Line	82
73.	East Coast Railway	Angul- Sukinda Road (98.7 km)	New Line	95
74.	North Eastern Railway	Mau-Gazipur-Tarighat New Line	New Line	16.79
75.	Southern Railway	Vallarpadam - Idapally New Line	New Line	9
76.	South Central Railway	Obulavaripalle- Krishnapattnam (113 km)	New Line	121
77.	Railway Electrification	Tomka -Banspani - RE	RE	144
78.	Railway Electrification	Kharagpur (Nimpura) - Bhubaneswar Including Branch Line of Talcher - Cuttack - Paradeep	RE	581
79.	Railway Electrification	Bhubaneswar - Kottavalasa	RE	417
80.	Railway Electrification	Daund-Manmad Incl. Puntamba- Shirdi - RE	RE	255
81.	Railway Electrification	Reningunta - Guntakal RE	RE	308
82.	Railway Electrification	Yelahanka - Dharmavaram - Gooty RE	RE	306
83.	Railway Electrification	Bharuch - Samni - Dahej RE	RE	64
84.	Railway Electrification	Manheru- Hissar RE	RE	74
85.	Railway Electrification	Jakhal - Hisar (79 km)	RE	80.0
86.	Railway Electrification	Chhapra-Ballia-Ghazipur-Varanasi-Allahabad RE (330 km)	RE	330
87.	Railway Electrification	Guntakal-Kalluru RE (40 km)	RE	40
88.	Railway Electrification	Utretia - Rae Bareli - Amethi - Janghai RE (214 km)	RE	214
89.	Railway Electrification	Daund-Baramati (44 km)	RE	44
90.	Railway Electrification	Amla-Chhindwara-Kalumna	RE	257
91.	Railway Electrification	Raipur-Titlagarh (203 km) {Part of Vizianagaram - Rayagada - Titlagarh - Raipur (465 km)}	RE	203
92.	Railway Electrification	Rajpura - Dhuri - Lehra Mohabat (151 km)	RE	151
93.	Railway Electrification	Guntakal - Bellary - Hospet incl. Tornagallu -	RE	138
Ranjitpura Branch Line (138 km)
94.	Railway Electrification	Wani- Pimpalkutti RE (66 km)	RE	66
95.	Railway Electrification	Manoharabad- Medchal (14 km)	RE	14
96.	Railway Electrification	Yalahanka-Penukonda (120.55 km)-Doubling	RE	-
97.	Railway Electrification	Jakhal - Dhuri - Ludhiana (123 km)	RE	123
98.	Railway Electrification	Guna-Gwalior (227 km)	RE	227
99.	Railway Electrification	Rani-Palanpur 166 km	RE	166
100.	Railway Electrification	Villupuram-Cuddalore Port-Mayiladuturai-Thanjavur & Mayiladuturai-Thiruvarur (228 km)	RE	228
101.	Railway Electrification	Raebareli-Unchahar incl. Dalmau-Daryapur (63 km)	RE	63
102.	Railway Electrification	Raninagar Jalpaigudi-New Bongaigaon - Guwahati (Incl) RE (382 km) (Part of Barauni - Katihar - Guwahati Incl. Katihar - Barsoi (836 km) RE	RE	374.98
103.	Railway Electrification	Chikjajur-Bellary RE (184 km)	RE	183.15

S. No.	Railway	Project Name	Type of Project	Length (km)
104.	Railway Electrification	Bengaluru-Omalur Via Hosur RE (196 km)	RE	196.00
105.	Railway Electrification	Utratia-Raebareli-Amethi 2nd line RE (126 km)	RE	126.00
106.	East Coast Railway	RE of Sambalpur-Titlagarh Doubling project (96.596 km)	RE	96.60
107.	Western Railway	Palanpur-Samakhiali (247.73 km) RE	RE	247.73
108.	Railway Electrification	Kasganj-Bareilly-Bhojipura-Daliganj RE (401 km)	RE	401
109.	Western Railway	RE of Dhasa - Jetalsar (104.44 km)	RE	104.44
110.	Deposit	RE of NTPC siding at Hotgi Station (37 km)	RE	34.41
111.	Deposit	Electrification of IOCL Siding at Pakni (4 km)	RE	4.15
112.	Deposit	Electrification of Ultra Tech Cement Siding at Hotgi (8km)	RE	9.75
113.	Deposit	Electrification of Chettinad Cement Siding at Tilati (7.1km)	RE	5.9
114.	Central Railway	Latur- Setting up of coach manufacturing factory	WKSP	-
115.	Eastern Railway	Civil Engineering Works in Connection with Diesel Loco Component Factory, Dankuni	WKSP	-
116.	Eastern Railway	Dankuni - Setting Up of Electric Loco Assembly and Ancillary Unit of CLW	WKSP	-
117.	Eastern Railway	Ranaghat (EMU Car Shed)-Inspection bay for 15 coach maintenance facilities	WKSP	-
118.	Eastern Railway	Jheel Siding Coaching Depot- Infrastructure development	WKSP	-
119.	East Central Railway	Barauni - 250 High Horse Power Loco Shed	WKSP	-
120.	East Central Railway	Gaya -Setting up New MEMU car shed for maintaining 30 rakes of 16 coaches	WKSP	-
121.	East Coast Railway	Vadlapudi- Wagon PoH Workshop of 200 Nos Capacity Near Duvvada Station	WKSP	-
122.	East Coast Railway	Khurda Road - Construction of main line electrical multiple unit car shed (Phase-2)	WKSP	-
123.	North Central Railway	Kanpur - Construction of MEMU Car shed	WKSP	-
124.	North Central Railway	Jhansi-Setting up of coach periodic overhauling and refurbishment workshop	WKSP	-
125.	North Eastern Railway	Saidpur Bhitri- Setting up of Electric Loco Shed to home 200 Locos	WKSP	-
126.	North Eastern Railway	Dullahapur Yard - Provision of tower wagon periodic overhauling shed	WKSP	-
127.	Northern Railway	Sonipat-Setting up of coach periodical overhauling and refurbishment workshop	WKSP	-
128.	South Eastern Railway	Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sankrail/ Haldia	WKSP	-
129.	DLW	Varanasi - Augmentation of Production Capacity from 200 To 250 High HP Locos Per Year	WKSP	-
130.	North Eastern Railway	Aunrihar - DEMU Shed	WKSP	-
131.	South Central Railway	Workshop for Manufacture of Flat Bogies for LHB Design Coaches, Yadgir	WKSP	-
132.	Western Railway	Vadodara - Setting up of New PoH Shop for	WKSP	-

S. No.	Railway	Project Name	Type of Project	Length (km)
Electrical Locos
133.	South Central Railway	Hyderabad-Secunderabad - Multi modal transport system (Phase-II)-MTP	MTP	78
134.	METKOL	MM of Existing Corridor Noparanagar-Baranagar- Daksineshwar	MTP	4.14
135.	Eastern Railway	Barddhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213	ROB	-
136.	Southern Railway	Srirangam-Tiruchchirapalli Town - 4-lane road over bridge in lieu of 2- lane bridge No.380-A	ROB	-
137.	North Western Railway	IOC Siding at Salawas (Deposit Work)	Others	2.82
138.	South Central Railway	Secunderabad- Upgradation of facilities at Centralised Training Academy for Railway Accounts	TRG	-
139.	South Central Railway	Moula Ali - Setting Up of Indian Railway Institute of Finance Management	TRG	-
140.	South Central Railway	Lallaguda (Carriage Workshop)- Replacement of 100-Year-Old Administrative Building	OSW	-
141.	South Western Railway	New Station Building at Belguam	OSW	-
142.	South Western Railway	Second Entry Station Building at Belguam	OSW	-
143.	South Western Railway	Proposed Coaching Depot at Belgaum	OSW	-
144.	South Western Railway	Yard Remodelling Works at Belgaum	OSW	-
145.	North Western Railway	Madar - Palanpur - Removing of PSR (Kms 589/1 to 590/1)	Track Renewal	-
146.	North Central Railway	Jhansi-Garhmau, Orai-Ata, Ata-Kalpi & Pokhrayan-Lalpur - Splitting of longer block sections	TF	-
147.	North Central Railway	Paman-Bhimsen - New B-class station	TF	-
148.	South Central Railway	Umdanagar-Timmapur - New crossing station	TFC	-
149.	Western Railway	Sabarmati-Botad-subways in lieu of level crossing-23 Nos.	RSW	-
150.	Western Railway	Sabarmati-Botad-Subways in lieu of LCs-14 Nos.	RSW	-
151.	Western Railway	Dhasa-Jetalsar-Subways in lieu of Level Crossing-35 Nos.	RSW	-
152.	Northern Railway	Final Location Survey for New Line Connectivity to Char Dham (327 km)	FLS	-
Following projects completed in 2024-25:
153.	Northern Railway	Janghai- Phahamau DL	Doubling	49.16
154.	North Eastern Railway	Varanasi- Madhosingh- Allahabad	Doubling	120.35
155.	North Eastern Railway	Daraganj- Rebuiding (Bridge No. 111 on Ganga)	BRWG	1.934
156.	Southern Railway	Pamban Bridge (Lifting Span Bridge)	BRWG	3.959
157.	Western Railway	RE of Ahmedabad- Botad (170.48 km)	RE	170.48

3.1.1 Nature of Works being Executed by RVNL:

RVNL is executing all types of Railway
Infrastructure works such as New Line, Gauge
Conversion, Doubling/3^rd Line/4^th Line,
Railway Electrification, Workshops, Hill
Railway Projects, Institutional Buildings, Mega
Bridges, Metro Railway, Tunnels, Monumental
Bridges, Canals, Transmission Lines, Highways,
Signaling Work, MMLPs etc.

3.1.2 Project Implementation Units (PIUs):

These projects are spread all over the country
and for efficient implementation of projects,
29 Project Implementation Units (PIUs)
established at 25 locations to execute
projects in their geographical hinterland. They
are located at Ahmedabad, Bengaluru,
Bhopal, Bhubaneshwar, Chennai (2 Units),
Chandigarh, Gwalior, Indore, Kanpur,
Kolkata (3 Units), Kharagpur, Kota, Lucknow,
Mumbai, Nagpur, Patna, Pune, Raipur,
Rishikesh, Ranchi, Secunderabad, Varanasi (2
Units) and Waltair. Two projects units are also

established outside India, one is at Maldives
& another is at Rwanda. The PIUs are
established and closed as per requirement.

3.2 Status of physical progress of projects

The status of the 279 projects assigned to RVNL
for execution is as under: -

Projects completed up to March 2025 :157 No.

	Doubling	61 No.
	Gauge Conversion	11 No.
	New Lines	06 No.
	MTP	02 No.
	Railway Electrification	38 No.
	Workshops	19 No.
	Others	20 No.
Projects under implementation :		120 No.
	MoR :	28 No
	Bidding Works :	94 No.

3.3 Total project length completed:

Cumulatively, RVNL has completed a total
of 6489.06 km of doubling, 2120.36 km of

gauge conversion, 623.49 km of new lines,
7743.30 km of pure Railway Electrification,
4479.96 km RE as part of NL/Gc/DL and 84.40
km of Metropolitan Transport Project (MTP).
Thus, as on 31.3.2025, 17060.61 km of project
length of 185 sanctioned projects assigned
to RVNL, have been completed.

3.4 Project length completed during 2024-25:

During 2024-25, 310.36 km (8.3 km of New Line,
302.06 of Doubling and 2 Bridge Works Project
have been physically completed. 159 km of
Railway Electrification was carried out during
the year and in addition, Railway
Electrification of 298.11 km was also carried
out in other than specific Railway
Electrification projects as part of Doubling.

3.4.1 Sections completed under New Line Plan

Head: During the year, 8.3 km of New Line
was completed, the details are given
below:

3.4.1.1 Bhanupalli - Bilaspur - Beri (63.1 km) :During
the year, Shri Anandpur Sahib- Nangal Dam
(3.2 km) section was completed in February
2025.

3.4.1.2 Neora - Daniawan (40.92 km): During the
year, Sarasa Jamalpur - Barbigha (5.1 km)
section was completed in February 2025.

3.4.2 Sections completed under Doubling Plan
Head: During the year, 302.06 km of
Doubling was completed, the details are
given below:

3.4.2.1 Dhanbad - Sonnagar (Patratu - Sonnagar)

- 3^rd Line (291 km): During the year, 49.44
km of project length was completed.
Mangra - Barwadih (5.82 km) was
completed in April 2024, Untari Rd. -
Karkatta (4.2 km) was completed in May
2024, Barwadih - Chhipadohar (9.76 km)
was completed in August 2024, Satbahini -
Untari Rd. (4.93 Km) completed in August
2024, Richughuta - Chetar (8.33 km) was
completed in September 2024,
Muhammadganj - Satbahini (6.84 km) was
completed in December 2024 and Chetar

- Tori (TORI) (9.56 km) was completed in
March 2025.

3.4.2 2 Vizianagaram - Sambalpur (Titlagarh) 3^rd

Line (264.60 km): During the year, 62.205 km
of project length was completed.

Narsipuram (NSX) - Parvatipuram (PVP) (4.42
km) and Sitanagaram (SNM) - Narsipuram
(NSX) 8.385 km were completed in May
2024, Bobbili (VBL) - Narsipuram (NSX) (11.273
km) was completed in July 2024,
Donkinavalasa (DNV) - Bobbili (VBL) 11.958
km was completed in August 2024,
Bissamcuttack - Muniguda 16.97 km was
completed in September 2024 and Singpur
Road Jn. (SPRD) - Theruvali Jn. (THV) (9.195
km) was completed in December 2024.

3.4.2.3 Hospet - Hubli - Tinaighat (352 km): During
the year, 13.83 km of project length was
completed, Tinaighat - Duski (9.46 km) and
Majodara Jn.-Cansulim (4.37 km) were
completed in April 2024.

3.4.2.4 Phephna- Indara, Mau - Shahganj (excl.
Indara - Mau) (150.28 km) DL: During the
year, 19.80 km of project length was
completed. Phariha - Sanjarpur (5.00 km)
was completed in August 2024, Sanjarpur -
Saraimir (5.9 km) was completed in October
2024 and Saraimir - Khorasan Road (KRND)
(8.9 km) was completed in December
2024.

3.4.2.5 Bhatni- Aunrihar (126.30 km): During the
year, 33.36 km of project length was
completed. Hurmujpur - Sadat (SDT) (6.11
km), Dullahpur - Jakhanian (8.45 km) and
Jakhanian - Hurmujpur (3.7 km) were
completed in September 2024. Pipradih -
Nayakdeeh (4.98 km) and Nayakdeeh-
Dullahpur (5.08 km) were completed in
January 2025 and Peokol - Salempur (5.04
km ) was completed on February 2025.

3.4.2.6 Janghai-Phaphamau DL with Electrification
(46.79 Km): During this year, 46.16 km project
length was completed. Janghai Jn. -
Baryaram (5.07 km) was completed on April
2024, Baryaram - Ugrasenpur (9.00 km ) was
completed on June 2024, Ugrasenpur -
Phulpur (8.555 km ), Phulpur - Saraichandi
(11.38 km) and Saraichandi - Tharwai (6.66
km) was completed in December 2024 with
this completing the project fully.

3.4.2.7 Vijayawada - Gudur 3^rd Line (287.67 km):
During the year, 55.69 km of project length
was completed. Krishna Canal Jn. (KCC) -
Kolanukonda (KAQ) (H)- Peddavadlapudi
(PVD) (7.1 km),Peddavadlapudi (PVD) -
Chiluvur (CLVR) (3.82 km) and Tenali -
Tsunduru (TSR) (11.18 km) were completed
in June 2024. Chiluvur (CLVR) - Duggirala
(DIG) (5.73 km) was completed in August
2024 and Duggirala (DIG)- Kolakalur (KLX)

(H)- Tenali (10.06 km) was completed in
October 2024.

3.4.2.8 Kharagpur - Adityapur 3rd line (132 km):
During the year, Aditypur Yard (3.4 km) was
completed in May 2024.

3.4.2.9 Varanasi - Madhosingh - Allahabad (120.20
km): During the year, 7.33 km project length
was completed. Jhusi (JI)- Daraganj (DRGJ)
(4.096 Km) and Daraganj (DRGJ) -
Allahabad City (ALY) (3.234 km) were
completed in December 2024 with this
completing the project fully.

3.4.2.10 Malkhedi- Mahadeo Khedi (MM of Mina -
Kota Doubling): During the year, Malkhedi-
Mahadeo Khedi (6.89 km) was completed
in November 2024 with this completing the
project fully.

3.4.3 Sections completed under Pure Railway
Electrification Works: During the year, 159
km of Railway Electrification was
completed, the details are given below:

3.4.3.1 Hospet -Hubli-Vasco Da Gama: During the
year, Castle Rock- Carnozol (10 km) was
completed in March 2025.

3.4.3.2 Dallirajhara-Rowghat During the year, 43
km of project length was completed.
Bhanupratappur - Antagrah (25 km) was
completed in June 2024 and Antagarh-
Taroki (18 km) was completed in December
2024.

3.4.3.3 Sabarmati-Botad: During the year, 106 km
of project length was completed. Moriyay-
Koth Gangad (52 km) was completed in
January 2025, Koth Gangad- Loliya (20 Km)
was completed in February and Loliya-
Bhimnath (34 km) was completed in March
2025 with this completing the project fully.

3.4.4 Bridge Work projects completed: During
the year, 2 Bridge Work projects were fully
completed, the details of which are as
under:

3.4.5 Daraganj- Rebuiding (Bridge No. 111 on
Ganga): The Daraganj- (Bridge No. 111 on
Ganga) was completed in November 2024
along with completion of Varanasi-
Madhosingh- Allahabad doubling project.

3.4.6 Pamban Bridge (Lifting Span Bridge):

India's first vertical lifting span over Bridge
(Total length 2.1 km) was completed in
November 2024 combining innovation with
the rich legacy of the past, that connected
the town of Rameswaram on Pamban
Island with Mandapam in mainland.

3.5 Projects Fully Commissioned and Handed
over to Railways:

Out of 157 projects completed so far, all the
157 projects have been fully commissioned
and handed over to Indian Railways for
operations and maintenance.

The list of 157 projects fully commissioned till
March 2025 is as under:

S. No.	Railway	Project Name	Type of Project	Length (km)
1.	Central Railway	Diva - Kalyan 5th & 6th Line	Doubling	11
2.	Central Railway	Pakni - Mohol Doubling	Doubling	17
3.	Central Railway	Panvel - Jasai JNPT Doubling	Doubling	28.5
4.	Central Railway	Pakni - Solapur Doubling	Doubling	16.28
5.	Central Railway & SCR	Daund- Gulbarga- Doubling (224.9 km) and Pune- Guntakal -Electrification (641.37 km)	Doubling	224.9
6.	Eastern Railway	Gurup - Saktigarh Extn of 3rd Line	Doubling	26
7.	East Central Railway	Barauni - Tilrath Bypass Doubling	Doubling	8.3
8.	East Coast Railway	Talcher-Cuttack-Paradeep Doublinjg with 2nd Bridge on Rivers Birupa & Mahanadi	Doubling	3
9.	East Coast Railway	Cuttack - Barang Doubling	Doubling	14.3
10.	East Coast Railway	Jakhapura- Haridaspur 3rd Line	Doubling	23.3

S. No.	Railway	Project Name	Type of Project	Length (km)
11.	East Coast Railway	Rajatgarh-Barang - 3rd line	Doubling	31.3
12.	East Coast Railway	Sambalpur-Titlagarh (182 km)	Doubling	182.00
13.	East Coast Railway	Banspani-Daitari-Tomka-Jakhapura (180 km)	Doubling	180
14.	East Coast Railway	Khurda - Barang 3rd Line	Doubling	32.32
15.	East Coast Railway	Raipur-Titlagarh (203 km)	Doubling	203
16.	North Central Railway	Palwal - Bhuteswar 3rd Line	Doubling	81
17.	North Central Railway	Aligarh - Ghaziabad 3rd Line	Doubling	106.1
18.	North Central Railway	Bhimsen- Jhansi (206 km) with RE	Doubling	206
19.	North Western Railway	Bhagat Ki Kothi - Luni Doubling	Doubling	30.3
20.	North Western Railway	Rani-Keshav Ganj Doubling	Doubling	59.5
21.	North Western Railway	Karjoda - Palanpur Doubling	Doubling	5.4
22.	North Western Railway	Rewari- Manheru Doubling	Doubling	69.02
23.	North Western Railway	Abu Road - Sarotra Road Patch Doubling	Doubling	23.55
24.	North Western Railway	Abu Road - Swaroopganj Patch Doubling	Doubling	25.36
25.	North Western Railway	Sarotra Road-Karjoda - Patch doubling (23.59 km)	Doubling	23.59
26.	Northern Railway	New Delhi - Tilak Bridge 5th & 6th Line Doubling	Doubling	2.65
27.	Northern Railway	Utretia-Rae Bareli (65.6 km)	Doubling	68.04
28.	Northern Railway	Raebareli - Amethi (60.1 km)	Doubling	59.00
29.	Southern Railway	Attipattu - Korukkupet 3rd Line	Doubling	18
30.	Southern Railway	Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line	Doubling	41.89
31.	Southern Railway	Tiruvallur - Arakkonam 4th Line	Doubling	28
32.	Southern Railway	Villipuram-Dindigul Doubling	Doubling	273
33.	Southern Railway	Thanjavur-Ponmalai - Doubling	Doubling	46.96
34.	Southern Railway	Madurai-Maniyachi-Tuticorin (160 km)	Doubling	160
35.	Southern Railway	Maniyachi-Nagercoil DL	Doubling	102
36.	South Central Railway	Pullampet - Balapalle Ph I of Gooty - Renigunta Doubling	Doubling	41
37.	South Central Railway	Krishnapatnam - Venkatachalam Doubling With RE	Doubling	16.5
38.	South Central Railway	Gooty - Renigunta Patch Doubling	Doubling	151
39.	South Central Railway	Raichur - Guntakal Doubling	Doubling	81.0
40.	South Central Railway	Guntur-Tenali - Doubling with electrification (24.38 km)	Doubling	25
41.	South Central Railway	Secunderabad-Mehboobnagar (85.24 km)	Doubling	85.70
42.	South Central Railway	Vijaywada-Gudivada-Bhimavaram- Narasapur, Gudivada-Machlipatnam and Bhimavaram-Nidadavolu (221 km) - Doubling with electrification	Doubling	221.00
43.	South Eastern Railway	Panskura - Kharagpur 3rd Line	Doubling	45
44.	South Eastern Railway	Panskura - Haldia Ph 1 Doubling	Doubling	14

S. No.	Railway	Project Name	Type of Project	Length (km)
45.	South Eastern Railway	Rajgoda - Tamluk (Jn. Cabin) Doubling	Doubling	13.5
46.	South Eastern Railway	Tikiapara - Santragachi Doubling	Doubling	5.6
47.	South Eastern Railway	Tamluk Jn. Cabin - Basulya Sutahata Doubling	Doubling	24.23
48.	South Eastern Railway	Goelkera-Monoharpur 3rd line (40 km)	Doubling	27.5
49.	South East Central Railway Bilaspur - Urkura 3rd Line Doubling		Doubling	105
50.	South East Central Railway	Salka Road- Khongsara Patch Doubling	Doubling	26
51.	South East Central Railway	Khodri-Anuppur, with flyover at Bilaspur (61.6 km)	Doubling	61.6
52.	South Western Railway	Hospet - Guntakal Doubling	Doubling	115
53.	West Central Railway	Budni - Itarsi 3rd Line	Doubling	25.09
54.	West Central Railway	Barkhera- Habibganj - 3rd line (41.420 km)	Doubling	41.2
55.	West Central Railway	Bhopal-Bina - 3rd line (143 km)	Doubling	143
56.	West Central Railway	Bina -Kota (282.66 km) with RE	Doubling	282.66
57.	Western Railway	Palanpur- Samakhiali (247.73 km)	Doubling	247.3
58.	West Central Railway	Barkhera - Budni 3rd line	Doubling	26.5
59.	North Western Railway	Delhi - Rewari Gauge Conversion	GC	94.2
60.	North Eastern Railway	Lucknow-Pilibhit via Sitapur, Lakhimpur (262.76 km)	GC	262.76
61.	North Western Railway	Ajmer - Phulera - Ringus - Rewari Gauge Conversion	GC	295
62.	North Western Railway	Bhildi - Samdari Gauge Conversion	GC	223
63.	Southern Railway	Thanjavur - Villupuram Gauge Conversion	GC	192
64.	Southern Railway	Cuddalore - Salem Gauge Conversion	GC	193
65.	South Western Railway	Arasikere-Hassan-Mangalore Gauge Conversion	GC	230
66.	Western Railway	Bharuch - Samni - Dahej Gauge Conversion	GC	62
67.	Western Railway	Gandhidham - Palanpur Gauge Conversion	GC	301
68.	Western Railway	Ahmedabad- Botad (170.48 km)	GC	166.09
69.	Western Railway	Dhasa- Jetalsar (104.44 km)	GC	106.69
70.	East Coast Railway	Daitari - Banspani New Line	NL	155
71.	East Coast Railway	Haridaspur-Paradeep (82 km)	NL	82
72.	East Coast Railway	Angul-Sukinda Road (98.7 km)	NL	98.7
73.	North Eastern Railway	Mau-Gazipur-Tarighat New Line	NL	16.79
74.	Southern Railway	Vallarpadam - Idapally New Line	NL	9
75.	South Central Railway	Obulavaripalle - Krishnapatnam New Line	NL	121
76.	Railway Electrification	Tomka -Banspani - RE	RE	144
77.	Railway Electrification	Kharagpur (Nimpura) - Bhubaneswar Including Branch Line of Talcher - Cuttack - Paradeep	RE	581
78.	Railway Electrification	Bhubaneswar - Kottavalasa	RE	417
79.	Railway Electrification	Reningunta - Guntakal RE	RE	308
80.	Railway Electrification	Bharuch - Samni - Dahej RE	RE	64
81.	Railway Electrification	Daund-Manmad Incl. Puntamba- Shirdi - RE	RE	255
82.	Railway Electrification	Yelahanka - Dharmavaram - Gooty RE	RE	306
83.	Railway Electrification	Manheru- Hisar (74 km)	RE	74.0

S. No.	Railway	Project Name	Type of Project	Length (km)
84.	Railway Electrification	Jakhal - Hisar (79 km)	RE	80.0
85.	Railway Electrification	Chhapra-Ballia-Ghazipur-Varanasi-Allahabad (330 km)	RE	330
86.	Railway Electrification	Guntakal-Kalluru (40 km)	RE	40
87.	Railway Electrification	Daund- Bramati (44 km)	RE	44
88.	Railway Electrification	Titlagarh (Excl)-Raipur -RE	RE	203
89.	Railway Electrification	Utretia- Rae Bareli- Amethi- Janghai RE	RE	214
90.	Railway Electrification	Hospet - Guntakal And Tomagallu - Ranjitpura	RE	138
91.	Railway Electrification	Wani-Pimpalkutti (66 km)	RE	66
92.	Railway Electrification	Yalahanka-Penukonda (120.55 km)-Doubling	RE	-
93.	Railway Electrification	Rajpura - Dhuri - Lehra Mohabat (151 km)	RE	151
94.	Railway Electrification	Jakhal - Dhuri - Ludhiana (123 km)	RE	123
95.	Railway Electrification	Guna-Gwalior (227 km)	RE	227
96.	Railway Electrification	Rani-Palanpur 166 km	RE	166
97.	Railway Electrification	Manoharabad- Medchal (14 km)	RE	14
98.	Railway Electrification	Amla - Chhindwara - Kalumna (257 km)	RE	257
99.	Railway Electrification	Villupuram-Cuddalore Port-Mayiladuturai- Thanjavur & Mayiladuturai-Thiruvarur (228 km)	RE	228
100.	Railway Electrification	Raebareli-Unchahar incl. Dalmau-Daryapur (63 km	RE	63
101.	Railway Electrification	Raninagar Jalpaigudi-New Bongaigaon (incl.)- Guwahati (incl.)-382 rkm {Part of Barauni-Katihar- Guwahati incl Katihar-Barsoi (836 km)}	RE	374.98
102.	Railway Electrification	Chikjajur-Bellary (184 rkm)	RE	183.15
103.	Railway Electrification	Bengaluru-Omalur via Hosur (196 rkm)	RE	196.00
104.	Railway Electrification	2nd Line Utratia-Raebareli-Amethi (126 rkm) (Northern Railway) (PB#135/2018-19/CORE)	RE	126.00
105.	Railway Electrification	RE of Sambalpur-Titlagarh Doubling project (96.596 km.	RE	96.60
106.	Railway Electrification	Kasganj-Bareilly-Bhojipura-Daliganj RE (401 km)	RE	401
107.	Western Railway	Palanpur- Samakhiali (247.73 km) RE	RE	247.73
108.	Western Railway	RE of Dhasa - Jetalsar (104.44 km)	RE	104.44
109.	Deposit	RE of NTPC siding at Hotgi Station (37 km)	RE	34.41
110.	Central Railway	Latur- Setting up of coach manufacturing factory	WKSP	-
111.	Eastern Railway	Civil Engineering Works in Connection with Diesel Loco Component Factory, Dankuni	WKSP	-
112.	Eastern Railway	Dankuni - Setting Up of Electric Loco Assembly anc Ancillary Unit of CLW	WKSP	-
113.	Eastern Railway	Ranaghat (EMU Car Shed)-Inspection bay for 15 coach maintenance facilities	WKSP	-
114.	Eastern Railway	Jheel Siding Coaching Depot- Infrastructure development	WKSP	-
115.	East Central Railway	Barauni - 250 High Horse Power Loco Shed	WKSP	-
116.	East Central Railway	Gaya -Setting up New MEMU car shed for maintaining 30 rakes of 16 coaches	WKSP	-
117.	East Coast Railway	Vadlapudi - Wagon PoH Workshop of 200 Nos	WKSP	-

S. No.	Railway	Project Name	Type of Project	Length (km)
Capacity Near Duvvada Station
118.	East Coast Railway	Khurda Road - Construction of main line electrical multiple unit car shed (Phase-2)	WKSP	-
119.	North Central Railway	Kanpur - Construction of MEMU Car shed	WKSP	-
120.	North Central Railway	Jhansi-Setting up of coach periodic overhauling and refurbishment workshop	WKSP	-
121.	Northern Railway	Sonipat-Setting up of coach periodical overhauling and refurbishment workshop	WKSP	-
122.	South Central Railway	Workshop for Manufacture of Flat Bogies for LHB Design Coaches, Yadgir	WKSP	-
123.	South Eastern Railway	Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sankrail / Haldia	WKSP	-
124.	DLW	Varanasi - Augmentation of Production Capacity from 200 to 250 High HP Locos Per Year	WKSP	-
125.	North Eastern Railway	Aunrihar - DEMU Shed	WKSP	-
126.	North Eastern Railway	Saidpur Bhitri- Setting up of electric loco shed to home 200 locos	WKSP	-
127.	North Eastern Railway	Dullahapur Yard - Provision of tower wagon periodic overhauling shed	WKSP	-
128.	Western Railway	Vadodara - Setting up of New PoH Shop for Electrical Locos	WKSP	-
129.	South Central Railway	Hyderabad-Secunderabad - Multi modal transport system (Phase-II)-MTP	MTP	78
130.	METKOL	MM of Existing Corridor Noparanagar-Baranagar- Daksineshwar	MTP	4.14
131.	Eastern Railway	Barddhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213	ROB	-
132.	Southern Railway	Srirangam-Tiruchchirapalli Town - 4-lane road over bridge in lieu of 2- lane bridge No.380-A	ROB	-
133.	Deposit	Electrification of IOC Siding at Salawas (Deposit Work)	RE	2.82
134.	Deposit	Electrification of IOCL Siding at Pakni (4 km)	RE	4.15
135.	Deposit	Electrification of Ultra Tech Cement Siding at Hotgi (8km)	RE	9.75
136.	Deposit	Electrification of Chettinad Cement Siding at Tilati (7.1km)	RE	5.9
137.	South Central Railway	Secunderabad- Upgradation of facilities at Centralised Training Academy for Railway Accounts	OSW	-
138.	North Western Railway	Madar - Palanpur - Removing of PSR Kms 589/1 to 590/1)	TR	-
139.	South Central Railway	Moula Ali - Setting Up of Indian Railway Institute of Finance Management	TRG	-
140.	South Central Railway	Lallaguda (Carriage Workshop)- Replacement of 100-Year-Old Administrative Building	OSW	-
141.	South Western Railway	New Station Building at Belguam	OSW	-
142.	South Western Railway	Second Entry Station Building at Belguam	OSW	-

S. No.	Railway	Project Name	Type of Project	Length (km)
143.	South Western Railway	Proposed Coaching Depot at Belgaum	OSW	-
144.	South Western Railway	Yard Remodelling Works at Belgaum	OSW	-
145.	North Central Railway	Jhansi-Garhmau, Orai-Ata, Ata-Kalpi & Pokhrayan- Lalpur - Splitting of longer block sections	TF	-
146.	North Central Railway	Paman-Bhimsen - New B-class station	TF	-
147.	South Central Railway	Umdanagar- Timmapur - New Crossing Station	TFC	-
148.	Western Railway	Sabarmati-Botad-subways in lieu of level crossing-23 Nos.	RSW	-
149.	Western Railway	Sabarmati-Botad-Subways in lieu of LCs-14 Nos.	RSW	-
150.	Western Railway	Dhasa-Jetalsar-Subways in lieu of Level Crossing-35 Nos.	RSW	-
151.	Northern Railway	Final Location Survey for New Line Connectivity to Char Dham (327 km)	FLS	-

The list of 6 projects fully commissioned in 2024-25 are as under:

S. No.	Railway	Project Name	Type of Project	Length (km)
152.	Northern Railway	Rajpura- Bhatinda (172.64 km)	Doubling	173.38
153.	North Eastern Railway	Janghai- Phahamau DL	Doubling	49.16
154.	North Eastern Railway	Varanasi- Madhosingh- Allahabad	Doubling	120.35
155.	North Eastern Railway	Daraganj- Rebuiding (Bridge No. 111 on Ganga)	BRWG	1.934
156.	Southern Railway	Pamban Bridge (Lifting Span Bridge)	BRWG	3.959
157.	Western Railway	RE of Ahmedabad- Botad (170.48 km)	RE	170.48

3.5.1 Sections of Projects Commissioned and handed over to Railways in 2024-25:

In 2024-25, 345.89km sections were commissioned consisting of 3.2km of New Line and 342.69 km of
Doubling handed over to Zonal Railways for operations. 158.19 km of Railway Electrification was

also carried out, in addition, Railway Electrification of 324.83 km was also carried out in other than
specific Railway Electrification projects as part of Doubling, the details are given below:

S. N.	Plan Head	Name of work	Section Targeted	Section Length (km)	Total Length (km)	Zonal Railway
1	NL	Bhanupali- Bilaspur- Beri	Shri Anandpur Sahib - Nangal Dam	3.2	3.2	NR
			Total New Line:	3.2	3.2
2	DL	Dhanbad-Sonnagar	Bendi (IBH) - Latehar - Demu -	20.55	46.85	ECR
		(Patratu- Sonnagar) -	Richughuta
		3rd line (291 km)	Japla (JPL) - Navinagar	15.83
			Untari Rd. - Karkatta - Sigsigi	10.47
3	DL	Vizianagaram- Sambhalpur (Titlagarh)	Doikallu (DKLU) - Ambodala (AMB) - Lajnjigarh Road Jn. (LJR)	25.39	55.54	ECOR
		3rd line (264.60 km)	Doikallu - Muniguda - Bissamcuttack	30.15
4	DL	Rajpura- Bhatinda (172.64 km)	Hadiaya (HYA) - Tapa (TPA) - Rampura Phul (PUL) - Lehra Muhabat (LHM)	33.47	33.47	NR
5	DL	Janghai- Phapamau DL Janghai Jn. - Baryaram - Ugrasenpur		17.07	49.16	NR

			Ugrasenpur - Phulpur - Saraichandi-	32.09
			Tharwai - Phaphamau Jn.
6	DL	Mathura- Jhansi-3rd	Hetampur - Dhaulpur	13.56	46.05	NCR
		line (273.80 km)	Sandalpur - Antri	6.56
			Gwalior - Sithouli - Sandalpur	16.04
			Mathura - Baad	9.89
7	DL	Varanasi-Madhosingh-	Allahabad City (ALY) - Allahabad	2.27	9.60	NER
		Allahabad (120.20 km)	Jn. (ALD)
			Jhusi (JI) - Daraganj (DRGJ) - Allahabad City (ALY)	7.33
8	DL	Mau- Shahganj	Khorasan Rd - Didarganj - Shahganj	21.50	41.51	NER
			Phariha - Sanjarpur - Saraimir - Khorasan Road (KRND)	20.01
9	DL	Bhatni- Aunrihar	Belthara Road - Govindpur Dugauli - Kidihrapur	13.85	32.36	NER
			Dullahpur - Jakhanian - Hurmujpur - Sadat (SDT)	18.51
10	DL	Kharagpur- Adityapur 3rd line (132 km)	Adityapur Yard	3.40	3.40	SER
11	DL	Hospet- Tinaighat-	Majodara Jn.- Cansaulim	4.37	13.90	SWR
		Vasco(362.73 Km)	Tinaighat- Duski	9.53
12	DL	Bina- Kota DL	Malkhedi- Mahadeokhedi	6.89	6.89	WCR
13	BW	Pamban Bridge	Pamban Bridge	3.96	3.96	SR
			Total DL	342.69	342.69
			G. Total	345.89	345.89

The list of Projects/ sections under Railway Electrifications plan head commissioned during 2024-25
is as under:

Bnilwnv Electrification Projects

S.	Name of work	Section Targeted	Length	Total	Zonal
No			(Rkm)	Length (Rkm)	Railway
1	Dallirajhara- Rowghat (95 km)	Dallirajhara-Bhanupratappur	25.90	43.04	SECR
	Antagarh- Taroki		17.14
2	Sabarmati- Botad RE	Muraiya- Bhimnath	105.15	105.15	WR
3	Hospet- Hubli -Vasco Da Gama	Castle Rock-Carnanzol	10.00	10.00	SWR
	RE Total (RKM):		158.19	158.19

3.6 Signalling and Telecommunication

The Signaling & Telecommunication (S&T) domain provides appropriate and cost-effective solutions
for efficient and safe operation of trains on Indian Railways. RVNL promotes use of modern
technologies on Indian Railways namely Electronic Interlocking (EI), Digital Axle Counters, Fiber
Optic Cable Network, Automatic Block Signaling, ETCS L1/L2/L3, IOT based Diagnostic & Predictive
Maintenance systems etc.

The technological advancement is aimed to
achieve high level of safety in train
operations, availability of system and
increased speeds of trains with minimum
head ways. This ensures the efficient punctual
operation of Freight as well as of Coaching
Trains. This has resulted in reduction of
turnaround in freight transportation. With
continuous and tireless effort of S&T vertical
of RVNL in Railway Infrastructure, Indian
Railways is able to achieve increase in freight
loading and operation of large number of
passenger trains across the length and
breadth of the country.

RVNL is a major contributor in providing EI
installations on Indian Railways in connection
with Doubling, 3^rd Line, New Line and Gauge
Conversion. Keeping its tradition high, during
FY 2024-25, RVNL has commissioned Electronic
Interlockings at 47 Stations on Indian Railways.
Besides new EIs, RVNL has commissioned
modification at 44 stations on Indian
Railways to decongest Railways existing
routes.

In its commitment to Indian Railways, RVNL
has commissioned Major Yards of Indian
Railways such as Yard remodeling of
Ambodala, Talcher Road, and Adityapura
with routes varying from 200 to 585 Routes.

RVNL has taken up 86 Nos. of Non-Interlocking
(NIs) of stations for commissioning of Doubling
& 3^rd Line projects during the year. RVNL has
also commissioned the 30 numbers of IBS,
166 Automatic Signalling using Electronic
Interlocking and 41 Nos of mid-section level
crossing gates have been interlocked with
signals to improve safety of road user. Not
only on the Signalling front, RVNL has also
completed the incredible achievement in the
area of telecommunication by providing 2763
km of Fiber Optic Network and 6 Quad Cable
network during the year.

RVNL has increased team of IRSTELO license
holders who are experienced to approve
Logic & Interface Circuits and design
drawings of all types of Railway signaling
systems in-house. Besides, Railway Board had
entrusted RVNL to approve Logic & Interface

Circuits through 3^rd Party IRSTELO license
holders for CR, SCR, WR & WCR up to 75
routes. So far, RVNL has checked Logic &
Interface Circuits of more than 20 stations of
NCR icw 3rd line Automatic Block Signalling.
This has reduced the workload of Zonal
Railways on document approval
organization and expedited the approval
process of Logic & Interface Circuits. This has
resulted in timely commissioning of large
number of stations by RVNL to adhere the
target set by Railway Board.

RVNL has commissioned latest
Communication-Based Train Control (CBTC)
Signalling System from JOKA to MAJERHAT (10
km UP & DN each) on Kolkata Metro .
Similarily Communication-Based Train Control
(CBTC) based Signalling System from Kavi
Subhash to Beliaghat (10 km UP & DN each)
on Kolkata Metro is ready for commissioning.

RVNL has participated in various tenders of
Automatic Signalling of Zonal Railways and
has been awarded Automatic Signalling
works of Rs 148.96 crore (SECR & SR) during FY
2024-25.

RVNL has also participated in BSNL tender for
Development (Creation, Upgradation,
Operation & Maintenance) of Middle Mile
Network of Bharat Net on Design Build
Operate & Maintain (DBOM) for UP East and
UP West and has been awarded works worth
Rs 13235.56 crore during FY 2024-25.

Having played a very vital role in providing
large nos. of signaling installations in
connection with large infrastructure projects
on Indian Railway, Signaling &
Telecommunication vertical is on the lookout
for opportunities in various signalling and
telecom sector of Railways & other industries
within India & abroad.

3.7 Projects under implementation:

There are 120 projects under various stages
of implementation by RVNL.

3.7.1 The details of 28 projects assigned by Ministry
of Railways to RVNL till March 2025 and which
are under implementation are as under:

S. No.	Railway	Name of Project	Plan Head
1.	ER	Nabadwipghat-Nabadwipdham upto BB loop (9.58 km) {Part of Kalinarayanpur-Krishnanagar with Krishnanagar-Shantipur Nabadwip- ghat- GC, Krishnanagar-Chartala, MM for Krishnanagar Chapra-NL, Naihati-Ranaghat-3rd line, Nabadwipghat-Nabadwipdham upto BB loop (9.58 km), Ranaghat-Lalgola strengthening (bridge No.2)}	Doubling
2.	ECR	Dhanbad-Sonnagar (Patratu-Sonnagar) - 3rd line (291 km)	Doubling
3.	ECoR	Vizianagaram-Sambhalpur (Titlagarh) 3rd line	Doubling
4.	NCR	Mathura-Jhansi 3rd line	Doubling
5.	NER	Bhatni - Aunrihar with electrification (125 km) (excl Indara - Mau (116.95 km))	Doubling
6.	NER	Phephna-Indara, Mau-Shahganj (excl. Indara-Mau) (150.28 km) DL	Doubling
7.	SCR	Vijayawada-Gudur 3rd line	Doubling
8.	SER	Kharagpur (Nimpura)-Adityapur 3rd line (132 km)	Doubling
9.	SWR	Hospet-Hubli-Londa-Tinaighat-Vasco da Gama (352.28 km)	Doubling
10.	WR	Junagarh -Visavadar (42.28) km	Gauge Conversion
11.	CR	Yevatmal- Nanded (206 km) NL	New Line
12.	ECR	Fatuah-Islampur incl. material modification for extension of new line from Neora to Daniawan; Daniawan to Biharsharif; Biharsharif to Barbigha; Barbigha to Sheikhpura	New Line
13.	NR	Rishikesh-Karnaprayag (125.09 km)	New Line
14.	NR	Bhanupalli-Bilaspur-Beri (63.1 km)	New Line
15.	SECR	Dallirajhara-Rowghat (90 km) {Part of Dallirajhara-Jagdalpur (235 km)}	New Line
16.	WCR	Indore-Jabalpur (342 km) NL sanctioned as Budhni-Indore (205 km)	New Line
17.	CORE	Hospet - Hubli - Vasco da Gama (346 km)	RE
18.	SCR	Kazipet - Workshop for Wagon Periodical Overhauling	WKSP
19.	SR	Repair of S&T Workshop at Podanur, Tamil Nadu	WKSP
20.	ER	Samudragarh- Nabadwipdham - Road over bridge in lieu of level crossing No.14	RSW
21.	WR	National Rail & Transportation Institute at Vadodara (NAIR)	TRG
22.	WR	Construction of hostels in centralised training institutes (Umbrella Work 2019-20)	TRG
23.	WR	Infrastructure up-gradation of Training Institutes at NAIR Campus	TRG
24.	SECR	Direct Power Supply from Central Generating Agencies	OEW
25.	SCR	Ghatkesar-Raigir (Yadadri)-Extension of multi modal transportation system Phase-II	MTP
26.	MET	Baranagar-Barrackpore & Dakshineswar - Construction of Metro Railway (14.5 km)	MTP
27.	MET	Dum Dum Airport-New Garia via Rajerhat - Construction of Metro Railway (32 km) including Naupara (Ex.)-Baranagar (2.6 km) {Part of Dumdum-Baranagar Metro Railway sanctioned as MM to Dumdum-New Garia Metro Railway vide letter No. 96/Proj/C/5/1/Pt. Dated 30.10.09]	MTP
28.	MET	Joka-Binoy Badal Dinesh Bagh via Majerhat - Construction of Metro railway (16.72 km) incl material modification for extension from Joka Diamond Park (Phase-I)	MTP

3.7.2 The list of 94 projects awarded to RVNL through Competitive Bidding and under execution is as
under:

The details of 58 projects awarded to RVNL through competitive biddings up to March 2024 are as

i inHor

S. No.	Agency/ Client	Name of Project	Plan Head
1.	MP Metro	Design and Construction of Elevated 10 km Viaduct and 09 Elevated Metro Stations including all Civil, Structural, Roof structure, MEP works, Architectural finishes, Fagade, etc for Indore Metro Rail Project.	Metro Works
2.	MP Metro	Design and Construction of 07 Elevated Metro Stations including Structures, Architectural Finishes, E&M Works etc. of Indore Metro Rail Project.	Metro Works
3.	NHIDCL	DPR Preparation for Highways in North-East Region in state of Nagaland for length of 200 KM.	DDC
4.	NHIDCL	DPR Preparation for Highways in North-East Region in state of Nagaland for length of 280 KM.	DDC
5.	NHIDCL	DPR Preparation for Highways in North-East Region in state of Mizoram for length of 740 KM.	DDC
6.	NFR	Construction of Single BG Tunnel Line No. 06 (approx. length 4930m) between Ch. 45800 to Ch. 50730 including Escape Tunnel (Total length 4600m), in connection with DMV-Kohima new BG Line Project	Civil
7.	GMRCL	Supply Installation Testing and Commissioning of Ballastless track (L - 55 TKM) from Sarthana to Dream city in elevated and underground section for corriodr -1, Surat Metro, Phase -II	Civil
8.	NHAI	Construction Of 4 Laning of Nh-5 From Kaithlighat To Shakral Village (Shimla Bypass Package 1: From Km 128.835 To Km 146.300 For Design Length=17.465km) In Himachal Pradesh On Hybrid Annuity Mode.	Civil
9.	NHAI	Construction of 4 lane highway from Samarlakota to Achampeta Junction (from km. 0.000 to Km. 12.250) as a part of Kakinada port to NH-16 connectivity in the State of Andhra Pradesh under Bharatmala Pariyojana on EPC mode.	Civil
10.	AMC	Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage-2: Kharicut Canal Development Navyug School Canal Crossing to Nidhipark Society (Ch. 2500 - Ch. 5000)	Civil
11.	AMC	Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage-3: Kharicut Canal Development Nidhipark Society to Odhav Fire Station (Ch. 5000 - Ch. 7600)	Civil
12.	GoG- NH Division	Up gradation to Six Lane with Paved Shoulder of Sarkhej-Changodar Section of NH 8A (New NH 47) from KM 11+950 to KM 16+000 on EPC mode in the State of Gujarat	Civil
13.	CMRCL	Construction of Elevated Viaduct (approximate length of 10 km), nine (9) Elevated Metro Stations at Sholinganallur Lake-I, Sri Ponniamman Temple Sholinganallur Lake-II, Sathyabama University Semmeancheri-I, Semmeancheri-II, Gandhi Nagar, Navallur, Siruseri, Siruseri Sipcot-1 And Siruseri SIPCOT-2 and stabling viaduct at SIPCOT	Civil
14.	GMRCL	Construction of Bhesan Depot Cum Workshop Which Includes DCC, BCC and Associated E&M Works Under Corridor - C2, Bhesan To Saroli, For Surat Metro Rail Project Phase - 1, DC-2	Civil

S. No.	Agency/ Client	Name of Project	Plan Head
15.	CORE	Design, Supply, Erection, Testing and Commissioning for OHE Modification Work in the existing 25 kV OHE for increasing speed potential to 160 KMPH under East Central Railway Pradhankhanta - Bandhua Section of Dhanbad Division (DHN).	Electrical
16.	MEA	Development of the UTF Harbour Project in Maldives	Civil
17.	Southern Railway	Provision of Automatic Block Signalling with Dual MSDAC, EI/OC interface and Block Optimization in Arakkonam Junction(AJJ)-Nagari (NG) Section of Chennai (MAS) Division in Southern Railway (Reach-I).	S&T
18.	Southern Railway	Provision of Automatic Block Signaling with Dual MSDAC, EI/OC Interface and Block Optimization in NAGARI(NG) - TADUKU(TDK) section and Replacement of EI/RRI at VEPAGUNTA (VGA) Station of CHENNAI (MAS) Division in Southern Railway (Reach-II).	S&T
19.	Southern Railway	Provision of Automatic Block Signaling with Dual MSDAC, EI/OC Interface and Block Optimization in TADUKU(TDK)-RENIGUNTA (RU) section and Replacement of EI/RRI at TADUKU (TDK), PUDI (PUDI) & SRI VENKATA PERUMAL RAJU PURAM (SVF) Stations of CHENNAI (MAS) Division in Southern Railway (Reach-III).	S&T
20.	MPPKVVCL	Commissioning of 33 kV Line associated works such as 33 kV Line Bifurcation, 33 kV Line Interconnection and 33 kV Line Conductor Augmentation in Rewa, Satna, Sidhi, Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles (Package-10) area of MPPKVVCL, Jabalpur under Revamped - Reforms - Based and Results - Linked Distribution Sector Scheme	Electrical
21.	GMRCL	Supply, Erection, Testing and Commissioning of power Supply Receiving & Distribution System, 750 V D Third Rail Traction Electrification and Scada system for Ahmedabad Metro	Electrical
22.	NWR	Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western Railway.	S&T
23.	IR	Manufacturing cum Maintenance of 200 nos. of Vande Bharat Trainsets including upgradation of the Government Manufacturing Units & Trainsets Depots	Manuf acturing
24.	MPPKVVCL	Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited\|\|MPMKVVCL - Civil	Electrical
25.	MPPKVVCL	Madhya Pradesh Poorva Kshetra: Revamped - Reforms - Based and Results - Linked Distribution Sector Scheme (RDSS) (Pkg-12)	Electrical
26.	NHAI	Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the state of Jharkhand on Hybrid Annuity Mode (Package 8).	Civil
27.	NHAI	Construction of Six Lane Elevated Kona Expressway from Km. 0.145 to Km. 7.337 of NH-117 in the state of West Bengal on EPC mode	Civil
28.	North Central Railway	Provision of EI based Automatic Signaling with continuous track circuiting and other associated works including suitable Indoor alteration in Electronic Interlocking/RRI/PI stations enroute in Jhansi (incl)-Gwalior (Incl.) section of Jhansi Division of North Central Railway.	S&T
29.	GMRCL	Supply, Erection, Testing and Commissioning of Power Supply Receiving & Distribution System, 750 V Dc Third Rail Traction Electrification And Scada System For Surat Metro Rail Project Phase-I	Metro

S. No.	Agency/ Client	Name of Project	Plan Head
30.	HORC	C-4: Composite Contract package in connection with New BG Railway Line of HORC project for: (i) Design & Construction of Twin Tunnel using NATM and Cut & Cover method from km 24.880 to km 29.580; (ii) Design & Installation of Ballastless Track (excluding supply of rails) from km 24.856 to km 29.680; (iii) Detailed Design, Supply, Installation, Testing & Commissioning of General Electrical Services including Supply, Erection, Testing and Commissioning of 11kV HT/LT Power and Control Cable Network, GIS Substation (11/0.433) kVA, Tunnel lighting system, etc. from km 24.880 to km 29.680; (iv) Design & Construction of Embankment, Bridges and other miscellaneous works from km 12.00 to km 18.00.	Civil
31.	MMRDA	Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV receiving substation including 110 kV, 33kV & 25kV cabling work, complete 25kV overhead catenary system alongwith switching station, 33kV auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA. (IFB No: MMRDA/2B/MMRP/CA-40). Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV	Electrical
32.	CMRL	Construction of Five (05) UG Stations at KMC(Kilpauk), Sterling Road, Nungambakkam, Gemini (Anna Flyover), Thousand Lights and Thousand Lights Cross Over Box and works other than Diaphragm wall of Two UG Stations at Royapettah Chetpet Metro in C3 of CMRL Phase-II Project. UG-03	Metro
33.	CMRL	Construction of Four Underground Stations at Dr. Radhakrishan Salai, Thirumayilai, Mandaiveli and Adyar Junction and Two Cross Passage Shafts and One Emergency Escape Shaft and works other than Diaphragm wall of One Underground Stations at Greenways Road Metro in Corridor-3 of CMRL Phase-II Project". UG -04	Metro
34.	CMRL	Construction of three (03) Underground Stations at Adyar Depot, Indira Nagar and Taramani Road Junction (Taramani) & Ramp and works other than Diaphragm wall of One Underground Station at Thiruvanmiyur Metro in Corridor-3 of CMRL Phase-II Project".-UG - 5	Metro
35	N.F. Railway	Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria- Thakurganj New line Section in connection with New Line Project of Araria- Galgalia of N.F. Railway, including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section.(106.958 RKM/119.27 TKM). (in EPC mode)(Tender No: EL-C- NFR-OHE-TSS-A-G-1RT3)	Electrical
36	EDCL Rwanda	Rawanda 008 - Transmission System Reinforcement and Last Mile Connectivity Plant Design Supply and Installation of 45.8 KM (110 kV Double Circuit Rukarara - Huye	Electrical
37.	MMRDA	Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV receiving substation including 110 kV, 33 kV & 25 kV cabling work, complete 25 kV overhead catenary system alongwith switching station, 33 kV auxiliary power distribution system including 33/0.415 kV auxiliary sub-station (ASS) and complete SCADA system for main line & depot of Mumbai Metro line 2B of MMRDA. (IFB No: MMRDA/2B/MMRP/CA-40). Design, Manufacture, Supply, Installation, Testing and Commissioning of 2 nos. 110 kV	Electrical

S. No.	Agency/ Client	Name of Project	Plan Head
38.	CMRL	Construction of Five (05) UG Stations at KMC(Kilpauk), Sterling Road, Nungambakkam, Gemini (Anna Flyover), Thousand Lights and Thousand Lights Cross Over Box and works other than Diaphragm wall of Two UG Stations at Royapettah Chetpet Metro in C3 of CMRL Phase-II Project. UG-03	Metro
39.	WATER RESOURCES ZONE, UDAIPUR	Planning, Design and Construction of main Canal and Structures including associated distribution system to provide Irrigation facility to 41903 ha. area through Piped Irrigation Network for Upper High- Level Canal of Mahi Bajaj Sagar Project, Banswara (Raj) on Engineering, Procurement and Construction (E.P.C.) Single Responsibility turnkey basis, including 10 years O&M.	Canal
40.	South Central Railway	Comprehensive Signalling and Telecommunication Works For Provision Of Automatic Block Signalling System In Balharshah - Makudi Section of Secunderabad Division In South Central Railway.	Signalling
41.	MPPKVVCL	Supply, Installation, Testing and Commissioning of New 11 kV Lines, T_ransmi_ssi_onLT Line on AB cable, Distribution Transformer Substation and Supporting Li_neworks such as DPs, TPs, crossing etc. for separation of 11 kV Mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-16) in Chhatarpur circle of MPPKVVCL, Jabalpur Company Area.
42.	MPPKVVCL	Supply, Installation, Testing and Commissioning of New 11 kV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, crossing etc. for separation of 11 kV Mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-17) in Seoni & Narsinghpur circle of MPPKVVCL, Jabalpur Company Area.	Transmission Line
43.	MMRCL	Design and Construction of Elevated metro viaduct of length 6.92 km between Ch. (-) 657.182 m to Ch. (-) 7576.78 m in reach 2A of NMRP phase-2	Metro
44.	NHAI	Rehabilitation and Upgradation from 4 to 8 laning of Chandikhole - Paradip Section of NH-53 (Old NH - 5A) from km.60.000 to km.76.646 (Package-4) in the State of Odisha on HAM mode - 2^nd Call	NHAI
45.	Madhya Gujarat Vij Company Limited	MADHYA GUJARAT VIJ COMPANY LTD.: Revamped - Reforms - Based T_ransmi_ssi_onand Results - Linked Distribution Sector Scheme (RDSS) (Vadodara) Li_ne
46.	Madhya Gujarat Vij Company Limited	MADHYA GUJARAT VIJ COMPANY LTD.: Full Turnkey Contract (Design, Transmission Supply and Installation) for Development of Distribution Infrastructure Li_nework for Loss Reduction at Dist. Dahod under Revamped Reforms- Based and Result-linked Distribution Sector Scheme
47.	MMRCL	Construction of A) Six Elevated Metro Station viz. Pili Nadi to Lekha Nagar in Reach-2A, B) One Elevated and one At-Grade station viz. Eco park and Metro City in Reach-1A respectively, C) At-Grade section Formation earthwork, boundary wall and retaining wall between Ch. 19550 to Ch. 20421.016 & Ch. 20498.516 to Ch. 21296.917, D) Elevated Metro track supporting structure for Eco park Metro station between Ch. 20421.016 to Ch. 20498.516 and E) Multi-Storied Building at Tulsi School Land (at Sitabuldi) of NMRP Phase-2	Metro
48.	Western Railway	All civil engineering works (Earthwork, Blanketing, Retaining Wall/ Boundary Wall/Side Drain, Major Bridges, Minor Bridges and LHS/RUB, LCs, Construction of Station Buildings, Platform, Subways Cover over Platforms, Staff Quarters, Passenger Amenities, Circulating Area,	Track Work

S. No.	Agency/ Client	Name of Project	Plan Head
Approach Roads, Offices, Service Buildings, Watering, Sanitation, Protection Works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Petlad - Bhadran (22.50 kms) of Vadodara Division on Western Railway.
49.	Western Railway	All civil engineering works (Earthwork, Blanketing, Retaining Wall/ Boundary Wall/Side Drain, Major Bridges, Minor Bridges and LHS/RUB, LCs, Construction of Station Buildings, Platform, Subways Cover over Platforms, Staff Quarters, Passenger Amenities, Circulating Area, Approach Roads, Offices, Service Buildings, Watering, Sanitation, protection works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Nadiad - Petlad (37.26 kms) of Vadodara Division on Western Railway.	Track Work
50.	Central Railway	Construction of 4 nos Tunnels (Total Length 1.6 km) with Ballast less track, Earthwork in formation, Construction of Important Bridges (2 nos), Major Bridges (1no), Minor Bridges (25 nos), Supply of Stone ballast, Track linking, Side drain retaining wall etc. from km. 831.8 to km. 841.9 in Dharakoh Maramjhiri section in connection with third line.	Tunnels
51.	HPSEBL	Development of Distribution Infrastructure at SOUTH ZONE of Himachal Pradesh under the Revamped Reforms-based and Results- linked, Distribution Sector Scheme [Loss Reduction Works]NIT/RFB No: CE(MM)/RDSS-(P-03)/SOUTH ZONE	Transmission Line
52.	HPSEBL	Development of Distribution Infrastructure at NORTH ZONE of Himachal Pradesh under the Revamped Reforms-based and Results- linked, Distribution Sector Scheme [Loss Reduction Works]	Transmission Line
53.	MPMRCL	Part Design and Construction of Elevated Viaduct, Five (5) Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project (Package IN-04)	Metro
54.	IRSR	Varkala Sivagiri Railway station - Major upgradation/ Redevelopement of Varkala Sivagiri Railway Station in Kerala	Railway Infrastructure
55.	MPPKVVCL	Supply, Installation, Testing and Commissioning of 11 kV Line associated works such as 11 kV Line Bifurcation, 11 kV Line Interconnection, 11 kV Line Conductor Augmentation, LT AB Cabling Augmentation and conversion of LT Bare conductor to AB Cabling under Revamped Reforms-based and Results-linked Distribution Sector (Package-11) in Jabalpur (City), Jabalpur (O&M),Katni, Mandla, Dindori, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur and Umariya Circles of MPPKVVCL, Jabalpur Company Area.	Transmission Line
56.	MPPKVVCL	Supply, Installation, Testing and Commissioning of New 11 kV Line for Bifurcation & Interconnection, Additional 11 kV Bay at 33/11 kV Sub¬ station, Augmentation of conductor of 33 kV & 11 kV Lines, Additional Distribution Transformer Substations with associate New 11 kV Lines, LT Line on AB cable, Conversion of Bare LT line with AB Cable, Augmentation of LT AB Cable, Cover conductor for 11 kV Line Crossing Agriculture& Non Agriculture Feeder, 11 kv and 33 kv Bus Bar renovation other associated work, and Supporting works such as DPs, TPs, Crossing etc. in Jhabua O&M Division (LOT-12)under the Revamped Reforms- based and Results-linked, Distribution Sector Scheme	Transmission Line

S. No.	Agency/ Client	Name of Project	Plan Head
57.	MPPKVVCL	Construction of 220kV & 132kV Transmission Lines and associated Feeder Bays on total Turnkey basis in Eastern MP	Transmission Line
58.	MMRCL Pune Metro	Design and Construction of Elevated Viaduct of Length 4.519 kms from CH: (-)1079.899 m to CH: (-)5599.298 m between PCMC and NIGDI (Bhakti Shakti) on the North-South Corridor of Pune Metro Rail Project- Reachl - Extension.	Metro
59.	RRVPNL	Supply & ETC of 132/33 kV Grid Sub-stations alongwith associated Lines & Bays	Transmission Line
60.	Central Railway	Signalling and Telecommunication work for provision of Automatic block signaling on Khapri-Sewagram Section of Nagpur Division. Tender No. 55-2023-GSU-AUTO-KRISEGM	Signalling

3.7.3 The list of 36 projects, awarded to RVNL through Competitive Bidding in 2024-25 and under execution
is as under:

S. No.	Agency / Client	Name of Project	Plan Head
1.	IR SCR	Engineering, Procurement and Construction (EPC) Tender for "Proposed Doubling of Track between Ankai station (Excluding) at Km 16.00 (Ch 16000) & Karanjgaon Station (Excluding) at km 69.01(Ch 69010) [i.e. (53.01 km)] including Electrification and Signaling works in connection with Aurangabad-Ankai Doubling Project in Nanded Division of South Central Railway".	Track Work
2.	IR SR	Redevelopment of Thiruvananthapuram Central Railway Station (JV with KRDCL)	Railway Infrastructure
3.	IR Southern Railway	Provision of Automatic Block Signaling System in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway.	Signalling
4.	IR Eastern Railway	Construction of Sitarampur bypass line under Asansol Division of Eastern Railway.	Track Work
5.	IR South East Central Railway	Provision of Auto Signalling with Electronic Interlocking (OFC Based) between Champa- Saragaon-Baraduar-Sakti section with alteration in existing Electronic Interlocking & Supply, Installation, Testing, Commissioning of new Electronic Interlocking, MSDAC & IPS etc., execution of all indoor & outdoor works & construction and Electrification of the huts etc. in Champa-Sakti Section of Bilaspur Division of S.E.C. Railway.	Signalling
6.	NMRCL	Construction of 6 nos Elevated Metro Stations (Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club And Kanhan River Metro Station) Between Ch.- 7576.78 mm To Ch-13457.76 mm In Reach 2b of NMRP Phase 2	Metro
7.	IR North Central Railway	Provision of EI based Automatic Signaling with continuous track circuiting and other Associated works along with suitable indoor alterations in Electronic interlocking/RRI/PI stations enroute in Dhaulpur-Gwalior Section of Jhansi Division of North Central Railway	Signalling
8.	NTPC	PEA contract for execution of Balance Civil & HM works of Barrage Complex including part HRT package of Rammam Hydro Electric Project Stage-III (3x40 MW).	Infrastructure
9.	Southern Railway	Provision of Automatic Signalling on Ernakulam JN (ERS) - Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway	Signalling

S. No.	Agency/ Client	Name of Project	Plan Head
10.	Central Railway	OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV At Feeding System in Amla-Nagpur Section in Nagpur Division of Central Railway to meet 3000 MT loading target.	Electrical
11.	Bangalore Metro	Engineering, Supply, Erection, Testing and Commissioning of 33 kV Distribution, 750v DC Third Rail Traction Electrification Including Traction Sub-stations, Auxiliary Sub-stations and Scada System for Phase-2a & Phase-2b	Metro
12.	East Coast Railway	Provision of Automatic Block Signaling System with dual MSDAC and alteration in existing EI/PI/RRI stations in the section of Jakhapura-Nergundi, Khurda Road-Bhusundpur & Bhusundpur- Golanthra over Khurda Road Division of East Coast Railway. Tender No. SNTPBBS-032024-JKPR-GTA	Signalling
13.	SER	Design, Supply, Erection, Testing & Commissioning of 132 kV Traction Substation, Sectioning Post (SPs), and Sub Sectioning Post (SSPs) in 2x25 kV System on Rajkhaswan-Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway to meet 3000MT loading target on EPC mode	Electrical
14.	Central Railway	OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV At Feeding System in Wardha-Ballarshah Section in Nagpur Division of Central Railway to meet 3000 MT loading target	Electrical
15.	Central Railway	Design, Supply, Erection, Testing & Commissioning of 132 kV Traction Substation Sectioning Post (SPs) and Sub Sectioning Post (SSPs) in 2x25 kV System on Kharagpur - Bhadrak section of Kharagpur Division of South Eastern Railway to meet 3000MT	Electrical
16.	Himachal Central zone	Development of Distribution Infrastructure at CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results- linked, Distribution Sector Scheme [Loss Reduction Works]	Transmission Line
17.	Southern Railway	Provision of MSDAC with existing DCTC at Stations (To serve as Dual Detection) and replacing balance AFTCs in MAS-GDR & MSB-TBM automatic block signalling sections of Chennai Division in Southern Railway.	Signalling
18.	ECR	Design, Supply, Erection, Testing and Commissioning of 2x25 kV feeder line along the track with 25 kV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road - Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM).	Electrical
19.	East Coast Railway	3^rd& 4^th line between Jarapada & Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3^rd& 4^thline of Jarapada-Budhapank Project and between Angul & Balram including yards of MCRL Inner Corridor Phase-I Doubling	Track Work
20.	NMRCL	Construction of (A) Elevated Metro Stations Seven Nos In Reach 3a, Namely (1) Hingna Mount View, (2) Rajiv Nagar, (3) Wanadongri,(4) Apmc,(5) Raipur, (6) Hingna Bus Station (7) Hingna,(B) Elevated Metro Stations Three Nos In Reach 4a, Namely (1) Pardi,(2) Kapsi Khurd (3) Transport Nagar of NMRP Phase-2.	Metro

S. No.	Agency/ Client	Name of Project	Plan Head
21.	ECR	Design, Supply, Erection, Testing & Commissioning of Traction Sub¬ stations with associated Switching Posts for upgradation work of electric traction system from 1 X 25 to 2 X 25 kV At feeding system in Gomoh - Patratu Section of Dhanbad Division of East Central Railway	Electrical
22.	South Central Railway	Engineering, Procurement and Construction (EPC) Contract Agreement for Doubling of Track between Parbhani to Parli stations (58.06 kms) (excluding Gangakhed yard from km 292.075 to km 298.85 =6.775 km) including Electrification & Signaling works in connection with Parbhani -Parli doubling project of South Central Railway in the State of Maharashtra.	Track Work
23.	ER	Earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, retaining wall, level crossing, side drain, catch water drain, P.way work and other ancillary works from IR Ch. 205.000 km to 260.2 km between Kalipahari (inc.) to Pradhankhuta (exc.) in connection with construction of Multi¬ tracking Railway BG line.	Track Work
24.	BSNL	BHARAT SANCHAR NIGAM LIMITED (A Government of India Enterprise)- Bid Document for Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of BharatNet on Design Build Operate and Maintain (DBOM) Model. Package No. -1 to 8 OPEX (Operation & Maintenance) for 10 years for Pkg 3 & 6	BharatNet
25.	KRIDE	Package C-4A: Construction of Nine (9 Nos.) Stations i.e. Elevated (1 No.) and At-Grade (8 Nos.) BSRP Stations of Corridor-4A at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, Kaggadasapura including Civil, Structural, Entry/Exit Structure, Steel FOB, Roof Structures, PEB, works Architectural finishes and E&M Works and Detailed Design & Engineering (DDE) with all associated works for Bengaluru Suburban Rail Project"(BSRP)"	Metro
26.	SCR	SCR Construction Organization: Engineering Procurement Construction (EPC) Contract of Doubling of Track between Navipet station (Excl) From km 446.900 to Indalvai Station (Incl.) km 482.900 (33.70 km), {Excluding Nizamabad Yard from km 458.825 to 461.125 (i.e.) 2.3 Km} including Electrification & Signaling works in of South¬ Central Railway in connection with Mudkhed-Medchal Doubling Project in the State of Telangana.	Track Work
27.	Punjab RDSS	Development of Distribution Infrastructure Work for Package-3 Central Zone for Execution of Ht/Lt Infrastructure Loss Reduction Works Under Reforms-Based and Results-Linked, Revamped Distribution Sector Scheme (RDSS) In the State of Punjab.	Electrical
28.	CR	Design, Supply, Erection, Testing & Commissioning of 132/55 kV Traction Substation, Sectioning Post (SPs) and Sub Sectioning post (SSPs) in 2 x 25 kV Traction System (Scott Connected Transformer) of Bhusaval - Khandwa Sections of Central Railway, to meet 3000 MT loading target on EPC mode.	Electrical
29.	East Coast Railway	Koraput-Singapur Road Doubling Project: Execution of 27 Nos of Major Bridges i.e. (22 Nos of Major Bridges & 5 Nos of ROBs) and earth work in formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations in connection with Koraput-Singapur Road Doubling Project of Waltair Divison, East Coast Railway	Track Work

S. No.	Agency/ Client	Name of Project	Plan Head
30.	SER	Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 kV to 2 x 25 kV traction system for Kharagpur(Excl.)-Tatanagar(Incl.) section of Kharagpur/Chakradharpur division of South Eastern Railway to meet 3000 MT loading target.	Electrical
31.	South Western Railway	Survey, Design, Supply, Installation, Testing and Commissioning of KAVACH equipment and other associated works over 790 RKM of Hubballi & Mysuru Divisions of South Western Railway.	Electrical
32.	SWR	Engineering, Procurement and Construction (EPC) for Design, Supply, Erection, Testing, Commissioning of 2x25 kV OHE & PSI System (TSSS, SPS & SSPS) Including Electrical General Services, Engineering & Telecommunication Works Between Rayadurga (Excl.) (Ch: 205/463) To Pavagada (Incl.) (Ch: 106/000) of TK-RDG Section (99.463 rkm/ 114.145 tkm)	Electrical
33.	NHAI	Construction of six lane connectivity to Visakhapatnam Port Road from km 0.000 (Sabbavaram bypass of Anakapalli - Anandapuram corridor) to km 12.660 (Sheela nagar junction) of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH(O)	Road
34.	CR	OHE Modification Work for Up-gradation of existing 1x25 kV Electric Traction System to 2x25 kV At Feeding System in Itarsi - Amla Section in Nagpur Division of Central Railway to meet 3000 MT Loading Target.	Electrical
35.	SOUTH EASTERN RLY	Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Rajkharsawan - Nayagarh- Bolani section of Chakradharpur division of South Eastern Railway to meet 3000 MT loading target. (Tender No: SER-OHE-RKSN-NYG-2x25KV)	Electrical
36	SOUTH EASTERN RLY	Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Kharagpur (Excl.)-Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway to meet 3000 MT loading targetTender No: SER-OHE-KGP-BHC-2x25KV	Electrical

3.7.4 The list of projects transferred back to Railway in 2024-25 is as under:

S. No.	Railway	Name of Project	Plan Head
1.	ER	Dankuni-Furfura Sharif NL {Part of Liluah-Dankuni - 3^rd line (10.13 km) with extension to Furfura Sharif}	DL
2.	WCR	Provision of Addl. Traction Substation at Budhni	OEW
3.	WR	Khijadiya-Visavadar GC (91.27 km)	GC
4.	WR	Veraval-Talala-Visavadar GC (71.95 km)	GC
5.	NER	Setting Up of Centralised Training Institute for IRSME & IRSS Officers at Lucknow	TRG

3.8 Major Projects awarded through Bidding:

3.8.1 Indore Metro Project:

Rail Vikas Nigam Limited (RVNL) has been
awarded three major packages (IN02, IN03
& IN04) of the yellow line of the project as
detailed under:

Package 02-

Design and Construction of Elevated Metro
Rail Stations including all Civil, Structural, Roof
structure, MEP works, Architectural finishes,
Facade, Entry/Exits, FOB, Viaduct within the
stations including Transition spans - Indore
Metro Rail Project Yellow Line. (7 no. of
Elevated Metro Stations)

Package 03-

Design and Construction of Elevated Viaduct,
Viaduct Connecting Depot leading up to
interface location, Elevated Metro Rail
Stations including all Civil, Structural, Roof
structure, MEP works, Architectural finishes,
Facade, Entry/Exits, FOB, Viaduct within the
stations including Transition spans - Indore
Metro Rail Project Yellow Line.

(10.9 km Viaduct & 9 no. of Elevated Metro
Stations)

Package 04-

"Part Design and Construction of Elevated
Viaduct, Five (5) Elevated Metro Rail Stations

(viz. Shaheed Bagh, Khajrana Chauraha,
Bengali Chauraha, Patrakar Colony & Palasia
Chauraha) and Ramp between Chainages
31+755 to 34+898.061 & 3+669.547 to 5+862
for Indore Metro Rail Project".

(4.73 km Viaduct & 5 no. of Elevated Metro
Stations)

Key Highlights/ Achievements of the Project
(IN02, IN03 & IN04)

ACHIEVEMENTS:

? After completion of work of 5.8 km viaduct
and 5 elevated metro station in Dec'24, the
CMRS was successfully carried out in 3 stages:

V CMRS rolling stock: 22^nd Jan 2025

V Dy. CMRS inspection: 10^th & 11^th Feb

2025

V CMRS inspection for 24^th & 25^th

works: March 2025

Accordingly, authorization for commercial
operations was received for 5.8 km viaduct
and 5 elevated metro station.

? Overall Work of 10.8 km viaduct out of 10.927
km completed.

Key Features of the Project

Project consist of 3 Packages named as
Package IN-02, Package IN-03 & Package IN-
04, the key features of the areas under:

Package-2 includes 7 nos. of Elevated Metro Stations (ISBT/MR10 flyover, Chandragupta Square,
Hira Nagar, Bapat Square, Meghdoot Garden, Vijaynagar Square, Radisson Square) & transition
spans.

Description	Unit	IN-02
Alignment - Stations	KM	1.050
Elevated Stations	No's	7

Package IN-03

Package-3 includes 9 nos. of Elevated Metro Stations (Gandhi Nagar, Super Corridor 6, Super Corridor
5, Super Corridor 4, Super Corridor 3, Super Corridor 2, Super Corridor 1, Bhawarsala, MR10 Road
station) & 10.9 km of elevated viaduct (Elevated Viaduct, viaduct connecting Depot leading up
to interface location).

Description	Unit	IN-03
Route length	KM	10.927
Elevated Stations	No's	9

Package IN-04

Package-4 includes 5 nos. of Elevated Metro
Rail Stations (viz. Shaheed Bagh, Khajrana
Chauraha, Bengali Chauraha, Patrakar
Colony & Palasia Chauraha) and Ramp
between Chainages 31+755 to 34+898.061
& 3+669.547 to 5+862.

4.736 km of elevated viaduct.

JV (RVNL-URCC) [51-49]

Description	Unit	IN-04
Route length	KM	4.736
Elevated Stations	No's	5

3.8.2 Underground Metro Projects at Chennai (CMRL)

RVNL has won 3 contracts on bidding with Chennai Metro Rail Limited (CMRL) as part of it's
massive Phase - II expansion in the year 2023 comprising Construction of 16 underground stations
spread over 3 contract packages.

Package	Stations	Status
UG03	Kilpauk, Sterling Road, Nungambakkam, Gemini (Anna Flyover), 1000 Lights, Chetpet, Royapettah - 7 Stations	Diaphragm wall & slab works in progress. Utility diversion works nearing completion.
UG04	RK Salai, Thirumayilai (C3 & C4), Mandaiveli, Greenways Road, Adyar Junction - 5 Stations	Diaphragm wall & slab works in progress. Utility diversion works nearing completion.
UG05	Adyar Depot, Indira Nagar, Tiruvanmiyur, Taramani Road Junction - 4 Stations	Diaphragm wall & Utility diversion works in progress.
16 stations

All the 3 projects are progressing as per the timelines. The project includes some of the deepest
stations on the Chennai metro network and are being executed in the heart of the city. The
projects on completion are destined to transform the city of Chennai the significant contribution
of RVNL in shaping the urban infrastructure will be recorded & recognized as a Nation building
exercise.

UG-04 - RK SALAI STATION (North shaft Roof slab casting in progress)

	The List of machineries mobilized for each package			as on date is as follows:
Package	Min Requirement		Actual Mobilization
	Trench Cutter	GRAB	Trench Cutter	GRAB	Piling Rig
UG - 3	3	3	7	2	8
UG - 4	4	1	5	3	3
UG - 5	2	2	2	2	3
Total	9	6	15	7	14

3.8.3 Nagpur Metro Projects - Design & Construction of 6.92 km Elevated Metro Viaduct, 24 Elevated
Station in Nagpur Metro Rail Project - Phase - II.

Project Brief: -

RVNL is entrusted with 6.92 km viaduct and 24 number of stations for Phase 2 Works in Nagpur
Metro for a total assigned value of Rs 1108.43 Cr.

Work is going on in full swing in all packages.
Major package pertains to construction of
6.92 km Viaduct (Only Civil Portion). It
involves 238 number of spans. Around 45% of
this package is complete. Launching of 56
spans (total 1.75 km) with 3 no's of LGs has
been completed till date.

This package also involves construction of
210 mtr of CLC with central span of 110 mtr
over railway lines which is longest in Nagpur
Metro. Total duration of work is 30 months
from 06-Oct-23 and it is targeted to be
completed within DOC.

Major Structure Details
Sl No	Structure Details	Qty
1	Box Culverts	27 Nos
2	Minor Bridges	6 Nos
3	Via Duct	1 No (1.7km)
4	Fly Over	1 No (0.45km)
5	SVUP (1 x 7)	3 Nos
6	LVUP (1 x 12)	2 Nos
7	VUP (1 x 30)	1 No
8	ROB	1 No (0.1km)
9	Major Junctions	1 No

Station Works are covered under 3 different
Packages (i.e. Reach 2A,1A, 2B, 3A & 4A) and
work is going on with desired pace in all
packages with heavy deployment of Men
and Machineries.

3.8.4 Kakinada 4 - Lane Project of NHAI

Under Bharatmala pariyojana, RVNL PIU/
Waltair is executing the 12.25 km 4-lane
highway from Samarlakota to Achampeta
junction as a part of port connectivity road
from Kakinada port to NH-16 (Kolkata-
Chennai). Completion of this project will
enhance logistic efficiency and reduce
logistics costs of freight movements.

Project Data
LOA Issued	29-09-2022
Agreement Signed Date	01-05-2023
Appointed Date	17-08-2023
Project Completion Date	15-08-2025
Project Duration	24 Months from Appointed Date

S.No.	Description	Unit	Scope	Completed
1	Embankment (Gravel)	Cum	3,32,955	1,33,141
2	RE wall (Pond ash)	Cum	3,56,685	2,71,522
3	Sub grade	Cum	2,30,217	64,903
4	Via Duct	No	1	Work in progress
5	Fly Over	No	1	Work in progress
6	ROB	No	1	Work in progress
7	Minor Bridges	No	6	4
8	VUP	No	1	Work in progress
9	LVUP	No	2	2
10	SVUP	No	3	3
11	Box Culverts	No	27	16
12	CTSB	Km	9.74	3.917
13	CTB	Cum	9.74	3.911
14	WMM	Cum	9.74	3.956
15	DBM	Cum	9.74	3.64
16	BC	Cum	9.74	-
17	REWallpanels Casting	Sqm	40,000	36,931
18	REWallpanels Erection	Sqm	40,000	6209
19	RCCDrain(2Lane)	Km	10	2.154
20	Structural steel	MT	1300	0

3.8.5 Development of Kharicut Canal, Ahmedabad
Municipal Corporation Area Package 2 & 3

Kharicut canal is 137 years old canal system
catering 10200 ha command area for
disposal of rain and storm water from
upstream catchment area between
Sabarmati and Khari rivers and also used for
irrigation purpose. Approximate 23 km
length of Kharicut canal which was passing
through agricultural land and surrounding
villages of Ahmedabad City is now passing
through the dense eastern part of
Ahmedabad city.

The work of development of the Kharicut
Canal was awarded by AMC on 19.10.2022
& RVNL's scope of work covers a total length
of 5.1 km, falling under Package 2 & 3, from
chainage 2500 to 7600. The primary objective
of this project is to improve the
environmental and sanitary conditions for
residents living along the canal by
eliminating unhygienic and foul-smelling
surroundings, thereby reducing the risk of
diseases. Additionally, the canal alignment
has been integrated with a four-lane road,
aimed at easing traffic congestion and
improving urban mobility. The overall physical
progress is approximately 90%.

Construction of diaphragm walls (D-
walls) on both sides of the canal for
structural support.

Construction of Storm Water Drain (SWD)
boxes of size 6 m x 3.6 m on both sides.

Installation of precast box segments
(2.60 m x 2.60 m x 1.5 m) in the central
portion of the canal.

Road construction over the canal
consisting of Wet Mix Macadam (WMM)
base layer, Dense Bituminous Macadam
(DBM) intermediate layer, Bituminous
Concrete (BC) top layer.

Landscaping with plantation in the
central median to enhance aesthetics.

RCC pipelines and inlet chambers on
both outer sides to manage local
drainage effectively.

Street lighting provided on both sides
for the safety and convenience of
pedestrians and vehicular traffic.

In summary, the Kharicut Canal
Development Project significantly contributes
to a cleaner and healthier environment while
also improving transportation infrastructure
for the benefit of the city's residents.

Before (Old canal)

3.8.6 Manufacturing of 120 Nos. Trainsets (VANDE
BHARAT)

The agreement for manufacturing Vande
Bharat Sleeper version train was signed on 27
September 2023 between Indian Railways
and the JV of JSC Metrovagonmash, RVNL
and JSC Locomotive Electronics System (LES)
since promoted and incorporated as Kinet
Railway Solutions Ltd. (KRSL).

Vande Bharat sleeper train will have 16
coaches which includes 11 AC 3-Tier coaches,

After Development Work

4 AC Two-Tier coaches and 1 First AC. It will
be equipped with advanced features such
as special roofing, enhanced air
conditioning, virus control mechanisms,
reduced jerks, noise, and vibrations. The
project envisages meticulous design of
aesthetically appealing interiors and the
selection of suitable inside panels in order to
produce significantly improved version that
sets new standard of excellence & innovation,
demonstrating an unwavering commitment
to excellence and innovation in rail
transportation.

RVNL bagged the first offshore order for
development of a port and construction of
allied infrastructure in Maldives, i.e. for
development of UTF (Uthuru Thila Falhu- Island)
Harbour Project. This is a strategic project of
Government of India. The agreement was
signed in January 2023.

The work has taken off well. As on date, the
physical progress is 45%, 75% of marine and
10% of land side works have been completed.

3.9 Strategic Railway Projects by RVNL

3.9.1 New Pamban Bridge (2.08 km):

Rail Vikas Nigam Limited (RVNL), was
entrusted with the responsibility of
construction of New Pamban Bridge in 2019.
As the nodal agency for this ambitious
infrastructure project, RVNL's role extended
from concept to commissioning and not a
mere construction of new bridge. RVNL
commitment was to deliver a structure that
would not only meet the needs of the present
but also preserve region's connectivity and
economic vitality for time to come. Thus, the
project was not merely a replacement to an
old bridge, it was about setting a new
benchmark in modern bridge engineering.

The New Pamban Bridge is designed as a
vertical lift structure with cables/pulley
arrangement with advanced geotechnical
studies, hydrodynamic analysis, and the use
of durable corrosion-resistant materials, we
ensured the longevity and strength of the
structure. We also used modern construction
techniques to speed up the process while
ensuring the highest levels of quality control.

Challenges in Construction: Overcoming the
Odds

The construction of the New Pamban Bridge
presented numerous challenges, ranging from
environmental obstacles to logistical
complexities. The Palk Strait's turbulent
waters, strong winds, and unpredictable
weather patterns created difficulties in the
construction process. Additionally, the
region's susceptibility to cyclones and seismic
activity necessitated careful planning and
robust design.

Logistically, transporting heavy materials to
the remote construction site posed another
challenge. The narrow windows of

opportunity provided by the tides had to be
maximized to facilitate the timely delivery of
materials. Despite these hurdles, the team of
engineers and workers displayed exceptional
ingenuity innovative solutions, cutting-edge
technology, and sheer determination
overcoming the challenges and thereby
ensuring the successful completion of the
bridge.

It is a matter of great pride that doing the
course of work involving more than 1400 tons
of fabrication, launching of lift spans and 99
Girders, the whole work was absolutely injury
free. This is testimony to RVNL's working
methods taking utmost care for safety and
health.

The Iconic Pamban Bridge was inaugurated
by Hon'ble Prime Minister of India.

Salient features of Pamban Bridge:

Total Length of Bridge : 2.08 km

Span Configuration	99x18.30m
+ 1x72.50m
Weight of Lift span	652 T
Weight of Towers	760 T
Weight of each Counterweight	310 T
Height of Tower	34.80 m
Lift Height	17 m
Lifting Time	5 min 30 Sec

Innovations and New Technology:

• Stainless steel reinforcement used in
foundation/ Sub-structure.

• 19.65 m long steel plates to eliminate
splice joint in the approach span girders
of 18.3 m span.

• Fully welded girder (Box sections) is
adopted for lift span truss to minimize
the corrosion.

• 20 m long rails 60 kg to reduce rail joints.

• Robust Painting Scheme adopted -
design life - 38 years.

• Piling by gantry method on Mandapam
end due to shallow depth.

• Complete automation of lifting/
monitoring (SCADA).

3.9.2 Rishikesh-karanprayag New Rail Link Project
- 125 km

This transformative project in Uttarakhand is
being executed by RVNL. It will connect the
state's remote hinterlands directly by rail,
marking a new chapter in regional
connectivity and development. The project
spans 125 kms, and the route is charted
through the challenging Himalayan terrain.
The project comprises 12 new stations 28
tunnels with a cumulative tunnel length of
213 kms and 19 major rail bridges, making it
one of the most challenging projects currently
underway in India. This line may also serve as
the main feeder route for any future
Chardham connectivity.

The first block section, a 5.7 km stretch
between Virbhadra and Yog Nagri Rishikesh,
was successfully completed and

commissioned in March 2020. Of the total 213
kms of tunnel excavation planned, 193 km
have already been completed, along with
82 km of final lining. 8 out of the 19 major rail
bridges have been completed, ensuring vital
connectivity across difficult river crossings and
valleys. In addition, four key road bridges have
been constructed to facilitate access to work
sites and future stations. Of the 46 tunnel drives
planned, 35 breakthroughs have been
successfully achieved.

The New Line is expected to be a catalyst for
the socio economic development of the
region and will considerably reduce travel
time. The breakthrough of 14.57-km-long
tunnel no 8 between Devprayag and Janasu
was witnessed by Hon'ble Railway Minister.
This is the India's longest transportation
tunnel.

3.9.3 Bhanupali-Bilaspur-Beri New Line

The 63 km long Railway line passes through
the challenging hill terrain of the lower
Himalayas with a total route tunneling of 25.9
km. The proposed electrified BG rail line shall
enable regional development through the
connectivity of Himachal Pradesh with the
national railway network and will act as a
gateway to connect with the international
borders towards Leh for strategic purposes.

3.9.4 Kolkata Metro Projects:

3.9.4.1 Indian Railways transferred the works of four
major projects for extension of Kolkata
Metro to RVNL in March 2010 viz.

• Joka-BBD Bag via Majerhat (16.72 km)

• Dum Dum Airport-New Garia via
Rajarhat (32 km)

• Baranagar-Barrackpore& Dakshineswar
(14.5 km)

• Noapara (Ex.)-Baranagar (2.6 km)

3.9.4.2 Thereon RVNL was entrusted to build Metro
corridors of about 65 km in Kolkata without
any survey of underground utilities and
without any DPR (Detailed Project Report).
The issues like removal of encroachments
and relocation of utilities along with delay
in availability of traffic diversion have
affected the execution. RVNL has taken all
possible action for implementation and
early commissioning of Metro projects for
larger interest of people of Kolkata.

3.9.4.3 The foundation stone for Joka-BBD Bag
project was laid by Her Excellency, President
of India on 22.01.2010. Subsequently, 2

packages for viaduct and 2 packages for
stations were awarded in December 2010
and April 2012 respectively. This entire Metro
corridor has been planned in 3 phases i.e.
in 1^st phase from Joka to Majerhat elevated
section and in the 2^nd phase from Majerhat
to Mominpur, in 3^rd phase from Mominrur
to Esplanade station as underground
section. Originally sanctioned as elevated
section but Material Modification is
sanctioned by Ministry of Railways for
underground system from Mominpore to
Esplanade. For construction of Mominpur
station, working permission from Army HQ
has been received only on 20.03.2023 and
work going on full swing.

3.9.4.4 Joka - Esplanade Metro Corridor

In the Metro corridor from Joka to Majerhat,
from Joka to Taratala (Phase-I) 6.50 km has
been inaugurated by Hon'ble Prime Minister
on 30.12.2022 & commercial services started
by Metro Railway on 02.01.2023. Another
phase of 1.25 km from Taratala to Majerhat
has been inaugurated by Hon'ble Prime
Minister on 06.03.2024 & commercial
services started by Metro Railway has been
commenced from 15.03.2024. The station
over yard at Majerhat is on three layers.
Beyond Majerhat, the Joka to Majerhat
Metro Corridor is being extended upto
Esplanade going underground from
Mominpore ramp. The Works contract for
the underground section has been
awarded and the works of underground
portion has been started. Working
permission has accorded after Hon'ble High
Court/ Kolkata's clearance for execution

in Defence land in the Maidan area for the
public interest of Kolkata. The NOC from
Victoria Memorial Trust has been received
recently to go ahead with underground
station near Victoria Memorial.

Since this Metro stretch is a standalone
system, a Maintenance Depot has been
developed in Joka and Ph-I part is under
operation. Earlier, due to non-availability
of land (24.48 hectare), the tender for the
depot was discharged twice, once in
February 2013 and again on October 2017.
Thus, the commissioning is planned in 3
phases i.e (a)Ph-I-Joka-Taratala, (b)Ph-II-
Taratala-Majerhat, (c) Ph-III- Majerhat-
Esplanade. After starting of commercial
services of 1^st & 2^nd phase commissioning
the outskirt population of Kolkata has been
connected to Kolkata which is a great relief
for the people residing away from Kolkata
but normally come to Kolkata on daily basis
doing a tough journey every day. Presently
land for construction of cut and cover
between Mominpur station and Khidirpore
station and land for Khidirpore station is not
made available by Kolkata Armed Police
and Nepal Consulate at Kolkata.

3.9.4.5 New Garia-Airport Metro Corridor

In the section of New Garia to Rabindra
Tirtha of Dum Dum Airport-New Garia
project, initially 4 packages of Viaduct were
awarded on 21.10.2011. About 20 km
viaduct has been completed. The
contracts for 21 stations (3 packages) were
awarded on 05.03.2014. Out of 21 stations,
station land for Technopolis Metro station
is now handed over. The project got
delayed because of issues relating to land
acquisition, traffic diversion, utility diversion

and other permission over busy EM Bypass
road. Further, change of alignment
proposed by State Government where
unauthorized buildings were constructed
even after the Gazette Notification for
Metro construction, and other impediments
like shifting of markets, traffic guard, raising
of 220 kV overhead line, removal of
encroachments, etc. slowed down the
progress of work. Substantial part of these
impediments have been either removed
and the balance are on the way of being
removed. The alignment from City Centre-
II to Airport is now approved by State
Government after long persuasion and
contract for construction of Metro beyond
Titumir to Airport has been awarded on
18.01.2021, the work is under progress. In this
section the commissioning was planned in
3 phases phases earlier i.e (a)Ph-I-New
Garia-Hemanta Mukhopadhyay, (b)Ph-II-
Hemanta Mukhopadhyay to Salt Lake
Sector-V and (c) Ph-III- Salt Lake Sector-V to
Airport. Due to unavailable work front in
various stretches of the corridor and
considering commissioning point of view
the phases were revised i.e. (a)Ph-I-New
Garia-Hemanta Mukhopadhyay, (b)Ph-II-
Hemanta Mukhopadhyay to Beleghata, (c)
Ph-III Beleghata to Salt Lake Sector-V and
(d) Ph-IV- Salt Lake Sector-V to City Centre 2
and (e)Ph-V City Centre 2 to Airport.

Now in present scenario, (a) Ph-I-New Garia-
Hemanta Mukhopadhyay (5.4
km)commercial run has been started from
15.03.2024 after being dedicated to the
nation by the Hon’ble Prime Minister on

06.03.2024, (b) Ph-II-Hemanta Mukhopadhyay
to Beleghata (4.46 km) CCRS Inspection has
been conducted on 28.03.2024 &

29.03.2024, (c) Ph-III Beleghata to Salt Lake

Sector-V was planned for commission in
Dec'2024, however due to non-availability
of traffic diversion block between
Belaghata to Gour Kishore Ghosh stations,
work of launching of viaduct is held up
since Feb 2025. It will take 5-6 months to
complete the remaining work once the
traffic diversion is allowed by Kolkata Police
and Bidhan Nagar Police. Balance 02 phase
i.e. (d) Ph-IV- Salt Lake Sector-V to City
Centre 2 has been planned for commission
in Dec'2025 and (e)Ph-V City Centre 2 to
Airport are planned for commission upto
Mar'2026.

3.9.4.6 Noapara - Baranagar - Dakshineswar
Metro

For Baranagar-Barrackpore & Dakshineswar
and Noapara-Baranagar, the work was
planned in 2 phases i.e. the first phase

being Noapara-Baranagar-Dakshineswar
and in the second phase, from Baranagar-
Barrackpore. The first phase, i.e. from
Noapara to Dakshineswar, the Metro
corridor has been inaugurated and
dedicated to the Nation by Hon'ble Prime
Minister on 22.02.2021 for public use.

For the second phase of this Metro corridor,
i.e. Baranagar-Barrackpore, a MoU was
signed between State Government, Metro
Railway and RVNL in October 2011. Original
sanctioned alignment via B.T. Road was not
agreed by State Govt. despite signing of
the MoU in Oct' 2011 for closing of 2
pipelines and even after completion of new
pipeline work of 64" dia by State Govt.
Repeated observations raised by KMC have
been complied by RVNL. However,
technical approval/NOC from State Govt.
is still awaited.

3.9.4.7 Phase Commissioning of Metro Project:

(i) Noarpara - Baranagar - Dakshineswar: The

project has been inaugurated by Hon'ble PM
on 22.02.2021 and Commercial Operation of
train service started w.e.f. 23.02.2021.

(ii) Joka-Taratala in Joka - Esplanade Metro
Corridor: 9.0 km of continuous stretch from
Joka Depot has been completed. Major
structures and stations have been completed
at Joka, Thakurpukur, Shaker Bazar, Behala
Chowrasta, Behala Bazaar, Taratala. The first
phase i.e. Joka to Taratala of Joka-Esplanade
Section has been inaugurated by Hon'ble
Prime Minister on 30.12.2022 and
commissioned on the same day.

(iii) Taratala-Maierhat Joka - Esplanade Metro
Corridor: 2^nd phase of 1.25 km has been
inaugurated by Hon'ble PM on 06.03.2024 and
Commercial Operation of train service
started w.e.f. 15.03.2024.

(iv) New Garia-Hemanta Mukhopadhvav in New
Garia-Airport corridor: 5.4 km has been
inaugurated by Hon'ble PM on 06.03.2024 and
Commercial Operation of train service
started w.e.f. 15.03.2024.

(v) Hemanta Mukhopadhvav to Beleghata in
New Garia-Airport corridor: 4.4 km of stretch
towards Beleghata from Hemanta
Mukhopadhyay, CRS inspection has been
conducted on 28.04.2024 & 29.04.2024,
authorization is received on 12.06.2024.

3.10 Accidents

During 2024-25, no accident was reported
from any of the project sites of RVNL.

3.11 ADB funded projects:

The first ADB loan (IND-1981) sanctioned for
"Railway Sector Improvement" was closed
on 31.12.2011. A 2^nd ADB Loan has been
sanctioned for funding of 5 projects, namely:

• Raipur-Titlagarh doubling

• Sambalpur-Titlagarh doubling

• Hospet-Tinaighat doubling

• Daund-Gulbarga doubling

• Pune-Guntakal Railway Electrification

The funding by ADB requires compliance of
various loan covenants on resettlement and
rehabilitation of project affected persons,
procurement of works and stores following

international competitive bidding and
implementation of plans for mitigation of
social and environmental impact norms. A
Multi Tranche Financing Facility of $ 500 million
has been agreed to by ADB. The loan
agreement for first Tranche (Loan No. 2793-
IND) of this MFF for an amount of $ 150 million
was signed in July 2012 and the loan
agreement for second Tranche (Loan No.
3108-IND) of this MFF for an amount of $ 130
million was signed in February 2014, the loan
was closed on 20.12.2019. Project Agreement
& Loan Agreement against ADB loan No.
3623-IND (Railway Sector Investment
Program- Tranche III) for an amount of $ 130
million have been signed on 16.3.2018 and
made effective on 07.06.2018. The loan was
fully disbursed on 29^th October 2021 and the
loan account was closed effective on 2^ndDecember 2021. Project Completion Report
(PCR) submitted to ADB and loan is fully
closed.

3.12 Contracting:

As the size of projects being executed by RVNL
is quite large, to ensure fast award and
execution of projects, RVNL invites tenders
consisting of multiple packages. Each tender
may consist of upto 3 contract packages. This
approach has a number of advantages such
as:

a) Multiple contracts can be awarded
through one tender which saves time
and effort in invitation and finalization
of tenders.

b) Both small and large agencies can
compete for any contract package
which increases competition.

c) Large agencies who are capable of
executing big contracts can quote for
multiple packages to achieve economy
of scale and pass on the benefit to RVNL
by quoting discounts in case of award
of more than one package.

d) Smaller agencies, which would not be
eligible to quote if the tender for the
project was floated in a single package,
are now able to compete in any of the
contract packages individually as they
may meet the qualification requirements
of individual packages which are of
comparatively smaller value.

During 2024-25, contracts worth
approximately Rs. 5520.32 Cr. were awarded.

The following major contracts were awarded
by the Company during the year:

Construction of Tunnel T1 from Chainage km
33+160 To km 34+400 And Tunnel 2 from
Chainage km 57+400 to km 66+040 with
Ballast Less Track and Works Related to
Formation on Approaches of such Tunnels in
connection with Construction of Electrified
New BG Railway Line Between Mangliyagaon
(Indore) to Budni Stations (198 kms) of Ratlam
Division and Bhopal Division of Western
Railway and West Central Railway
respectively in Madhya Pradesh State, India.
(Rs. 872.70 Crore)

Design, Supply, Installation, Testing and
Commissioning of Broad Gauge Ballastless
Track (BLT), Supply of Ballast and Installation
of Track (Excluding Supply of Rails and Track
Sleepers) between Chainage 6+015 (Fls) To
125+200 (Fls) in connection with New BG Line
between Rishikesh and Karanprayag (125 km)
in the State of Uttarakhand, India. (Rs. 750.83
Crore)

Construction for Tunnels & Formation works
for Military sidings & approach in
Karanprayag yard in connection with new
BG line between Rishikesh and Karanprayag
(125 km) in the state of Uttarakhand, India.
(Rs. 611.05 Crore)

Package-1A: Construction of Roadbed,
Minor Bridges, Buildings, Installation of Track
(Excluding Supply of Rails, Sleeper & Thick
Web Switches), And Other Civil Engineering
And General Electrical Works In Connection
With New Bg Railway Line Between
Mangliyagaon-Kheri (Incl) Stations
(Chainages 0.000 - 57.400 km) In Indore-Budni
Section of Ratlam And Bhopal Divisions Of
Western Railway And West Central Railway
Respectively In Madhya Pradesh State, India
(Rs. 436.73 Crore)

Package IIIB Construction of Road Bed, Major
Bridges, Minor Bridges, ROBs, RUBs, including
road approaches, Station Buildings, Staff Qtrs,
Other Service Buildings, HL Platforms, COPs,
FOBs, General electrical work and other works
related to construction of Yavatmal- Nanded
New BG Line from km: 190 to km: 207 of
Central Railway in Maharashtra State
including construction of three tunnels: T3 (370
m), T4 (440 m) & T5 (2630 m) with BLT in tunnels.
(Rs. 423.10 Crore)

Construction of Roadbed, Major and Minor
Bridges and Track Linking (excluding Supply

of Rails and Sleepers); S&T; OHE & General
Electrical Works in connection with Extension
of MMTS phase-II from Ghatkesar (km. 213.840)
(including) to Wangapalli (km. 252.300)
(including) on Secunderabad- Kazipet
section in Secunderabad Division of South
Central Railway, Telangana State, India. (Rs.
416.75crore)

Package IIIB Construction of Road Bed, Major
Bridges, Minor Bridges, ROBs, RUBs, including
Road Approaches, Station Buildings, Staff
Qtrs, Other Service Buildings, HL Platforms,
COPs, FOBs, General Electrical Work and
other works related to Construction of
Yavatmal-Nanded New BG Line from km: 190
to km: 207 of Central Railway in Maharashtra
State including construction of three tunnels:
T3 (370 m), T4 (440 m) & T5 (2630 m) with BLT in
tunnels. (Rs. 313.55 crore)

Package-2: Design, Supply, Erection, Testing
and Commissioning of 220 kV, 3-Phase D/C
transmission line (14.3 km) from Raigarh
(PGCIL GSS ) to Raigarh TSS, Raigarh TSS to
Kharsia TSS (33 km), Kharsia TSS to Champa
TSS (52 km), Champa TSS to Gevra RD TSS (45
km), Champa TSS to Bilaspur Bus Coupler (74
km); Extension of 220 kV bay at Raigarh
(PGCIL); LILO 3 Nos at Champa, Kharsia &
Raigarh along with associated works in
connection with Direct Power Supply from
Central Generating Agencies over South East
Central Railway, Bilaspur, Chhattisgarh
(India). (Rs. 245.95 crore)

Package-1: Design, Supply, Erection, Testing
and Commissioning of 220 kV, 3-Phase D/C
transmission line (7 km) from Bhatapara
(PGCIL GSS ) to Bhatapara TSS, Bhatapara TSS
to Bilaspur Bus Coupler(45 km), Bilaspur Bus
Coupler to Belghana TSS (55 km), Bilaspur Bus
Coupler to Bilaspur TSS (6 km), and Bhatapara
TSS to Urkura Bus Coupler(65 km); Extension
of 220 kV bay at Bhatapara (PGCIL); LILO 1
No. at Bhatapara TSS and Bus Coupler 1 No
at Bilaspur along with associated works in
connection with Direct Power Supply from
Central Generating Agencies over South East
Central Railway, Bilaspur, Chhattisgarh
(India). (Rs. 194.34 crore)

Package-3: Design, Supply, Erection, Testing
and Commissioning of 220 kV, 3-Phase D/C
transmission line (12 km) from Kumhari (PGCIL
GSS) to Bhilai TSS, Bhilai TSS to Rajnandgaon
TSS (55 km), Rajnandgaon TSS to Paniajob TSS
(45 km), Bhilai TSS to Urkura Bus Coupler (35
km) and Urkura Bus Coupler to Urkura TSS (5
km); Extension of 220 kV bay at Kumhari

(PGCIL); LILO 2 Nos at Bhilai & Rajnandgaon
and Bus Coupler 1 No at Urkura along with
associated works in connection with Direct
Power Supply from Central Generating
Agencies over South East Central Railway,
Bilaspur, Chhattisgarh (India). (Rs.194.04
crore)

Package-iii: Construction of Major Bridges &
Road Under Bridges for electrified new BG
Railway line (pkg-3) between Khategaon
(incl) - Budni stations (chainage 110.000 to
198.000 km) in Bhopal Division of West Central
Railway in Madhya Pradesh State, India. (Rs.
175.19 crore)

Package-AAI Subway: Construction of AAI
Subway/Underpass across VIP Road from
Airport Operational Area to AAI Residential
Colony at NSCBI Airport, Kolkata passing
below the Metro Ramp structure of New
Garia-Airport Metro Corridor, West Bengal.
(Rs.154.21 crore)

Package 2: Provision of Automatic Block
Signaling System with dual MSDAC and
alteration in existing EI/PI/Stations in the
section of Kaluparaghat (Excluding KAPG
Yard) - Golanthra over Khurda Road Division
of East Coast Railway. (Rs. 77.24 crore)

Package 1: Provision of Automatic Block
Signaling System with dual MSDAC and
alteration in existing EI/PI/Stations in the
section of Jakhapura-Nergundi & Khurda
Road-Kaluparaghat (including KAPG yard)
over Khurda Road Division of East Coast
Railway. (Rs. 76.41 crore)

Mechanized Installation and linking of BG
railway track, P.way material supply, Track
Ballast Supply, Mobile Flash Butt Welding of
joints and all other associated P-way works
(excluding supply of rails, PSC sleepers) in
section between Bhanupali (Ch 0.00) to
Paharpur (Ch 24.00) in connection with
Bhanupali-Bilaspur-Beri New Railway Line in
District Rupnagar of Punjab and Bilaspur of
Himachal Pradesh States, India. (Rs. 74.65
crore)

Complete Interior Fit out works includuing
Flooring, Wall and Ceiling Finishes,
Partitioning, Civil, Furniture, Furnishing,
Electrical, HVAC, MEP, Fire Fighting, IT and
Audio-Visual Works etc. of RVNL office space
at WTC Narouji Nagar, New Delhi through
Special Limited Tender. (Rs. 49.97 crore)

Design, Supply (except Galvanized Steel
Structures and all type of Conductors-Feeder

Wire, AEC, BEC), Erection, Testing and
Commissioning for upgradation of Electric
traction system from 1 x 25 kV to 2 x 25 kV
traction system under jurisdiction of Chaibasa
depot of Rajkharsawan- Nayagarh-Bolani
section of Chakradharpur division of South
Eastern Railway to meet 3000 MT loading
target. (Rs. 39.12 crore)

Design, Supply (except Galvanized Steel
Structures and all type of Conductors-Feeder
Wire, AEC, BEC), Erection, Testing and
Commissioning for upgradation of Electric
traction system from 1 x 25 kV to 2 x 25 kV
traction system under jurisdiction of Banspani
depot and Dongaposi Depot of
Rajkharsawan- Nayagarh- Bolani section of
Chakradharpur division of South Eastern
Railway to meet 3000 MT loading target.
(Rs. 38.71 crore)

Providing Rockfall Barriers and Slope
Protection Works at different locations in
connection with Barkhera - Budni 3^rd Line
Project on Bhopal Division of West Central
Railway in Madhya Pradesh State, India.

(Rs. 40.13 crore)

Besides these Works Contract, FLS, DD&PMC
and PMC contracts on nomination basis for
Rs. 32.99 crore have also been awarded
during 2024-25.

4. Project Planning & Development

4.1 Public Private Partnership (PPP) in Indian
Railway Connectivity Projects

Detailed Status of SPVs

As a part of the mandate of Rail Vikas Nigam
Limited (RVNL) to undertake project
development, mobilization of financial
resources and to implement projects
pertaining to strengthening of Golden
Quadrilateral and better connectivity to
various ports, five Special Purpose Vehicles
(SPVs) as Joint Ventures (JVs) have been
created. RVNL has a minimum equity
participation of 26 percent in each one of
these SPVs.

Through these SPVs, RVNL has been able to
mobilize a cumulative investment of Rs.
10752.67 Cr. out of which Rs. 3873.11 Cr. is
equity and Rs. 6879.56 Cr. is debt. RVNL itself
has invested a total of Rs. 1520.65 Cr. as equity
in these 5 SPVs, which is approximately 14.14%
of their gross total investment (refer to table
below).

Name of SPV	Length Paid up Equity		RVNL's Equity		Partners' Equity		Initial Debt	Subsequent Debt	Total Debt	Total (Equity+ Debt)
	In Kms	Crore (Rs.)	Crore (Rs.)	%age	Crore (Rs.)	%age	Crore (Rs.)	Crore (Rs.)	Crore (Rs.)	Crore (Rs.)
Kutch Railway Company Ltd*	301	821.00	410.50	50.00%	410.50	50.00%	300.00	1284.41	1584.41	2405.41
Bharuch Dahej Railway Company Ltd.	63	155.11	55.00	35.46%	100.11	64.54%	230.00	0.00	230.00	385.11
Krishnapatnam Railway Company Ltd.	113	625.00	311.00	49.76%	314.00	50.24%	1074.97	0.00	1074.97	1699.97
Haridaspur Paradip Railway Company Ltd.	82	1300.00	390.00	30.00%	910.00	70.00%	1451.61	0.00	1451.61	2751.61
Angul Sukinda Railway Ltd.	104	972.00	354.15	36.44%	617.85	63.56%	1600.00	938.57	2538.57	3510.57
Total	663	3873.11	1520.65	39.26%	2352.46	60.74%	4656.58	2222.98	6879.56	10752.67

*Note: The cost of GC was Rs. 550 Cr. Subsequently, the Doubling and Electrification works were
executed with a cost of Rs. 3153.70 Cr. (Doubling) & Rs. 755 Cr. (RE) respectively

a) Kutch Railway Company Limited (KRCL)

Railway/Division/State	Western Railway/Ahmedabad/Gujarat
Project Type& Length	Gauge Conversion, 301 km
Year of Sanction	1988-89
Date of Transfer to RVNL	14.05.2003
Date of MoU	03.01.2004
Date of EOI	NA
Date of Incorporation	22.01.2004
Shareholders Agreement signed on	22.04.2004
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	08.11.2005
Construction Agreement signed on	GC - 06.10.2005, DL-13.08.2018, RE - 09.02.2021
O&M Agreement signed on	21.08.2005
Original cost (Rs. Crore)	344.63
Project cost (Rs. Crore)	550.00
Equity Participants	Rail Vikas Nigam Limited 410.50 50.00% Deendayal Port Authority 213.46 26.00% Adani Ports & SEZ Limited 164.20 20.00% Govt. of Gujarat 32.84 4.00% Total (Rs. Crore) 821.00 100.00% Bonus shares were issued in Nov-2011 amounting to Rs. 50 Crore in the ratio of 1:4.
Commercial Operations Date (COD)	01.07.2006

Railway/Division/State	Western Railway/Vadodara/Gujarat
Project Type & Length	Gauge Conversion, 63 Km
Year of Sanction	2005-06
Date of Transfer to RVNL	22.03.2006
Date of MoU	13.01.2005
Date of EOI	27.02.2006
Date of Incorporation	15.11.2006
Shareholders Agreement signed on	12.01.2007
Traffic Guarantee Agreement	Not signed
signed on
Concession Agreement signed on	25.06.2008
Construction Agreement signed on	01.07.2009
O&M Agreement signed on	Not signed
Original cost (Rs. Crore)	262.00
Project cost (Rs. Crore)	395.00
Equity Participants	Rail Vikas Nigam Limited	55.00	35.46%
	Gujarat Maritime Board	17.86	11.51%
	Gujarat Industrial Development Corporation	17.86	11.51%
	Adani Petronet (Dahej) Port Private Limited	17.33	11.17%
	Gujarat Narmada Valley Fertilizer Company 13.53		8.72%
	Hindalco Industries Limited	13.53	8.72%
	Dahej SEZ Limited	10.00	6.45%
	Jindal Rail Infrastructure Limited	10.00	6.45%
	Total (Rs. Crore)	155.11	100.0%
Commercial Operations Date (COD)	08.03.2012

Railway/Division/State	South Central/Vijayawada/Andhra Pradesh
Project Type & Length	New Line, 113.12 Km
Year of Sanction	2006-07
Date of Transfer to RVNL	14.05.2003
Date of MoU	22.11.2005
Date of EOI	27.02.2006
Date of Incorporation	11.10.2006
Shareholders Agreement signed on	13.10.2006, Participation Agreement- I on 23.02.2008, Participation Agreement -II on 12.10.2020.
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	23.11.2007
Construction Agreement signed on	29.09.2011
O&M Agreement signed on	06.01.2012 08.11.2021 (Revised)
Original cost (Rs. Crore)	732.81
Estimated Project cost (Rs. Crore)	2831.00
Equity Participants	Rail Vikas Nigam Limited 311.00	49.76%
	Sagarmala Development Co. Ltd 125.00	20.00%
	Adani Krishnapatnam Port Co Ltd 81.00	12.96%
	National Mineral Development Co. Ltd 40.00	6.40%
	Govt. of Andhra Pradesh 35.00	5.60%
	Bramhani Industries Ltd 33.00	5.28%
	Total (Rs. Crore) 625.00	100.0%
Commercial Operations Date (COD)	a. Venkatachalem - Nidiguntapalem - 01.10.2008 b. Nidiguntapalem - Krishnapatnam - 28.02.2009
	c. Doubling of 21 km line from VKT to KAPT - 02.03.2014 d. The complete connectivity was commissioned in June 2019

Railway/Division/State	East Coast Railway/Khurda Road/Odisha
Project Type & Length	New Line, 82 Km
Year of Sanction	1996-97
Date of Transfer to RVNL	14.05.2003
Date of MoU	24.02.2005
Date of EOI	21.01.2006
Date of Incorporation	25.09.2006
Shareholders Agreement signed on	11.10.2006
Traffic Guarantee Agreement signed on	04.04.2008
Concession Agreement signed on	20.12.2007
Construction Agreement signed on	11.08.2009
O&M Agreement signed on	24.10.2021
Original cost (Rs. Crore)	301.64
Estimated Project cost (Rs. Crore)	2397.00
Equity Participants	Rail Vikas Nigam Limited	390.00	30.00%
	Sagarmala Development Company Ltd.	336.79	25.91%
	Govt. of Odisha	237.79	18.29%
	Paradip Port Trust	138.52	10.66%
	Orissa Mining Corporation	110.00	8.46%
	Essel Mining & Industries Ltd	30.00	2.31%
	Rungta Mines Ltd	30.00	2.31%
	MSPL Ltd	15.00	1.15%
	Jindal Steel Power Limited	5.00	0.38%
	Steel Authority of India Ltd.	5.00	0.38%
	Odisha Industrial Infrastructure	1.90	0.15%
	Development Corporation (IDCO) Total (Rs. Crore)	1300.0	100.0%
Commercial Operations Date (COD)	30.07.2020

Railway/Division/State	East Coast Railway/Khurda Road/Odisha
Project Type & Length	New Line, 104.242 Km with Y-connection
Year of Sanction	1997-98
Date of Transfer to RVNL	22.02.2006
Date of MoU	19.11.2008
Date of EOI	17.06.2008
Date of Incorporation	20.02.2009
Shareholders Agreement signed on	27.05.2009
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	14.05.2010
Construction Agreement signed on	24.04.2015
O&M Agreement signed on	Not signed
Original cost (Rs. Crore)	391.00
Estimated Project cost (Rs. Crore)	2913.00
Equity Participants	Rail Vikas Nigam Limited	354,15	36.44%
	Govt. of Odisha	239.47	24.64%
	CONCOR	208.00	21.40%
	Odisha Mining Corporation	106.18	10.92%
	Jindal Steel Power Limited	60.00	6.17%
	Odisha Industrial Infrastructure
	Development Corporation (IDCO)	4.20	0.43%
	Total (Rs. Crore)	972.00	100.0%
Commercial Operations Date (COD)	01.03.2023

4.2 Rail Vikas Nigam limited (RVNL) has started participating in Metro, Highways and other Infrastructure
sectors through competitive bidding. Therefore, New SPVs in other sector have been incorporated
to undertake such projects.

The details of new JVs/SPVs incorporated are as follows:

Details of Equity of RVNL's new SPVs/JVs (as on 31.03.2025)

S. Name of SPV No.		Date of In	Paid up Equity	RVNL's Equity		Partners' Equity
		Corporation	Crore (Rs.)	Crore (Rs.)	%age	Crore (Rs.) %age
1.	Shimla Bypass Kaithlighat Shakral Pvt. Ltd.	05.08.2022	110.10	55.05	50%	55.05	50%
2.	Chennai MMLP Pvt. Ltd.	06.10.2022	0.05	0.013	26%	0.037	74%
3.	Bengaluru MMLP Pvt. Ltd.	10.01.2023	0.05	0.0082	16.33%	0.0418	83.67%
4.	Indore MMLP Pvt. Ltd.	17.05.2023	0.05	0.011	22.01%	0.039	77.99%
5.	Chatra Expressways Pvt. Ltd.	24.04.2023	0.01	0.0049	49%	0.0051	51%
6.	Kyrgyzindustry-RVNL CJSC	07.12.2022	84,00,000 soms	42,00,000 soms	50%	42,00,000 soms	50%
7.	Kinet Railway Solutions Ltd.	19.04.2023	41.76	10.44	25%	31.32	75%
8.	JGPL-RVNL EPC Private Ltd.	15.01.2024	0.01	0.0049	49%	0.0051	51%

a) Shimla Bypass Kaithlighat Shakral Pvt. Ltd. (SBKSPL)

The Government of India had entrusted to the Authority (NHAI) the development, maintenance
and management of Greenfield alignment of National Highway No 5-including the section from
km 128.835 to km 146.300 (approx. 17.465 km). The Authority had resolved to Construction of 4
Laning of NH-5 from Kaithlighat to Shakral Village for Design Length 17.465 km in the State of
Himachal Pradesh by Four-Laning thereof on design, build, operate and transfer (the "DBOT Annuity"
or "Hybrid Annuity") basis, which shall be partly financed by the Concessionaire who shall recover
its investment and costs through payments to be made by the Authority.

The Consortium has been promoted and incorporated the Concessionaire as a limited liability
company under the Companies Act 2013 named Shimla Bypass Kaithlighat Shakral Pvt. Ltd. by Rail
Vikas Nigam Ltd. and M/s S P Singla Constructions Pvt. Ltd as its lead members for the execution of
the project.

Brief of the Project:
Location and State	4-Lane Bypass, Package-I, Kaithlighat to Shakral, Shimla, Himachal Pradesh
Project Type & Length	Hybrid Annuity Mode & 17.465 km
Date of MoU	15.05.2022
Date of Incorporation	05.08.2022
Project cost	1) Bid Project Cost (BPC) - Rs. 1844.77 Crore excluding GST 2) First Year O&M Bid - Rs. 2.77 Crore excluding GST Adjusted Bid Price - Rs. 1637.96 Crore (NPV of BPC and First Year O&M)
Equity Participants and	SPSCPL- 50%
their % share	RVNL- 50%
Anticipated Commercial After the end of Construction period tentatively 20.04.2026 Operations Date (COD)

• Multi Modal Logistics Park is an integrated facility within which all activities relating to logistics and
the distribution of goods, both for national and international transit can be carried out across
multiple modes of transport. MMLPs also benefit from economies of scale, by creating shared
infrastructure and due to availability of more options for selection of competitive and reliable
logistics providers

• MMLP at Chennai is being developed at Mappedu (Thiruvallur district) in 184.27 Acres of Area. The
site is strategically located, at approximately 52 kms from Chennai Port, 80 kms from Ennore Port
and 87 Kms from Kattupalli Port. Chennai Airport is located at approximately 44 kms from the site.

• The estimated total project cost is INR 1424 Cr. The Project is proposed to be developed in PPP
mode where in a Developer will be appointed with a Concession Period of 45 years for developing
and operating the MMLP with an estimated cost of INR 783 Cr.

• SFC appraisal was held on 09.05.2022 and subsequently MoRTH has approved the project on
06.06.2022. Hon'ble Prime Minister also laid the Foundation Stone of the project on 26.05.2022.

• A Govt. SPV formed amongst National Highways Logistics Management Limited, Rail Vikas Nigam
Limited, Chennai Port Authority & Tamil Nadu Industrial Development Corporation will provide
land for the MMLP, external road and rail connectivity, power supply etc.,

Location and State	Village Mappedu (Hussein Nagaram) in Thirivallur dist., Tamil Nadu
Project Type	Development of Multi Modal Logistics Park Mappedu Chennai in Tamil Nadu along with external Road, Rail and other connectivity
Date of MoU	12-10-2021 among ChPA, NHLML & TIDCO Supplementary MOU on dated 24-05-2023 with inclusion of RVNL
Date of Incorporation	06/10/2022
Project cost	Rs. 1423.50 Cr.(Concessionaire investment Rs. 782.58 Cr. + Authority investment - including cost of land Rs.640.92 Cr.)
Equity Participants and	NHLML- 40.18%
their % share	Ch PA- 26.02 % RVNL- 26.00 % TIDCO- 07.80%
Anticipated Commercial Operations Date (COD)	For Phase 1- 02 years from the appointed Date. October 2025 (Scheduled)

U Connecting Hubs	Distance (km) !
Chennai Port	52
Ennore Port	80
Kattupalli Port	87
Chennai Int. Airport	44

Bengaluru's Multi Modal Logistics Park (MMLP) awarded and set to span across 400 acres in Bengaluru
rural district.

MMLP is a key policy initiative of the Government to improve the country's freight logistics sector
by lowering overall freight costs and time, cutting warehousing costs, reducing vehicular pollution
and congestion, improving the tracking and traceability of consignments through infrastructural,
procedural, and information technology interventions.

MMLP at Bengaluru is being developed in an area of 400 acres at Muddelinganahalli in Bengaluru
rural district in Karnataka. The site is strategically located, adjacent to the upcoming KIADB industrial
area on East side, abutting the NH 648, Dabbaspet to Hosur as well as Satellite Town Ring Road on
North side and Bengaluru - Hubli - Mumbai rail line on South side. The site is 58 Kms from Bengaluru
International Airport and 48 Kms from Bengaluru city railway station.

A government SPV formed between National Highways Logistics Management Limited (NHLML),
Rail Vikas Nigam Limited (RVNL) and Karnataka Industrial Area Development Board (KIADB) will
provide land for the MMLP, external rail, road connectivity as well as water and power supply. The
MMLP is being provided with 4 lane access from four lane Dabbaspet - Hosur, NH 648 and rail
siding of length 4.5 km from Dodbele Railway station on Bengaluru - Hubli- Mumbai rail line.

The MMLP will be developed in three phases. The Phase-I is expected to be completed in two years.
MMLP will cater to about 30 million metric tonnes (MMT) cargo in the horizon period of 45 years and
will give huge boost to the industrial zones in the catchment region such as Bengaluru and Tumkur.
It will create lot of employment opportunities and bring in economic development in the region.

Location and State	Bengaluru Karnataka
Project Type	Development of Multi Modal Logistics Park Bengaluru in Karnataka along with external Road, Rail and other connectivity
Date of MoU	01.09.2022
Date of Incorporation	10.01.2023
Project cost	Rs. 1769.9 Crore (Concessionaire investment Rs. 935.90 Cr + Authority investment Rs. 834 Cr, including land cost of Rs. 540 Cr.
Equity Participants and their % share	NHLML- 51.29% KIADB - 32.38% RVNL- 16.33%
Anticipated Commercial Operations Date (COD)	For Phase 1- 02 years from the Appointed Date (AD). Scheduled Anticipated Date: 29.02.2024

Indore MMLP Pvt. Ltd.has been incorporated for "Development of Multi Modal Logistics Park at
Indore (Area 255.17 Acre)".

Location and State	Near Pithampur Industrial area, Dist. Dhar, Madhya Pradesh
Project Type	Development of Multi Modal Logistics Park Indore. Area 255.17 Acres
Date of MoU	26.12.2022
Date of Incorporation	17.05.2023
Project cost	Rs. 1111 Cr. (Auth. investment 353 Cr. + Concessionaire Investment Rs. 758 Cr.)
Equity Participants and their % share	MPIDC (50% of MMLP Land Cost)- 25.16% RVNL (Rail Development, limited to 26% of total equity contribution)- 22.01% NHLML (Road Development and LA Cost, 50% of MMLP Land Cost, rail connectivity LA cost and Cost towards Power & Water Supply and other charges) -52.83%
Anticipated Commercial 19.12.2025 Operations Date (COD)

MMLP - Location at Kheda/Jamodi/Akolia

e) Chatra Expressways Pvt. Ltd.

Chatra Expressways Pvt. Ltd. has been incorporated for "Work of construction of 6-lane greenfield
Varansi-Ranchi-Kolkata Highway from Sonepurbigha village to the junction with NH 22 (Chatra
Bypass) near Chatra from km 184.700 to km 222.000.

Location and State	Chandauli, Uttar Pradesh to Bangam, Kolkata
Project Type & Length	Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the State of Jharkhand on Hybrid Annuity Mode (Package 8). The length of the project is 37.300 kms.

Date of MoU	01.03.2023
Date of Incorporation	24.04.2023
Project cost	Rs. 1458 Cr.
Equity Participants and their % share	Tracks & Towers Infratech (P) Ltd.- 51% Rail Vikas Nigam Limited- 49%
Anticipated Commercial 730 days from Appointed Date (Appointed Date yet to be declared by Operations Date (COD) NHAI)

f) Kyrgyzindustry-RVNL closed Joint Stock Company (CJSC)

A Closed Joint Stock Company "Kyrgyzindustry-RVNL" has been incorporated in December, 2022.
RVNL is having equity investment of 4200000 soms (being 50% of total equity). A DPR has been
prepared for Balykechy & Kara-Kecheline line of total cost of USD 2.3 billion.

Location and State	Kyrgyz Republic, Bishkek City, 106 Chui Avenue
Project Type	The JV company shall undertake Infrastructure development i.e., Construction of Railroads in and across Kyrgyz Republic, including Construction of Highways and Freeways, construction of bridges and tunnels and other activities not inconsistent with the laws of the Kyrgyz Republic and consistent with the statutory objectives.
Date of MoU	30.05.2022
Date of Incorporation	07.12.2022
Equity Participants and their % share	Kyrgyzindustry Open Joint Stock Company-50% Rail Vikas Nigam Limited-50%

g) Kinet Railway Solutions Ltd.

RVNL, in collaboration with its consortium partners, has signed the prestigious Manufacturing cum
Maintenance Agreement of Vande Bharat Trainsets including upgradation of the Government
Manufacturing Units & Trainset Depots. This project is being executed through a Special Purpose
Vehicle (SPV) named Kinet Railway Solutions Limited (KRSL), jointly owned by RVNL and its consortium
partners namely JCS Meterowagonmash (MWM), JSC Locomotive Electronic Systems (LES), and
Rail Vikas Nigam Limited (RVNL), MWM holding a dominant share of 70%, LES contributing 5%, and
RVNL owning remaining 25%. Acting as the Technology Partner, KRSL is spear heading the
implementation of this visionary initiative.

Key highlights of this project include:

KRSL has been entrusted with the manufacturing of 120 Vande Bharat Trainsets at the
Manufacturing Unit located in Latur, Maharashtra.

A planned maintenance regime has been devised, earmarking three designated depots -
Bijwasan, Jodhpur, and Thanisandra - for the servicing and upkeep of these cutting-edge
trainsets, ensuring their operational excellence for a period spanning 35 years.

Comprehensive infrastructural planning, including the provision of state-of-the-art facilities
as well as machinery, has been undertaken to equip the designated depots, ensuring seamless
operations and maintenance activities.

The project timeline entails the delivery of the first prototype of the Vande Bharat Trainset to
the Indian Railways by September 2025, followed by second prototype by November 2025.
Regular deliveries follow marking a significant milestone in the nation's pursuit of advanced
railway infrastructure.

Location and State	New Delhi, India
Project Type	"Manufacturing cum Maintenance of Vande Bharat Trainsets including upgradation of the Government Manufacturing Units & Trainset Depots"
- 200 Vande Bharat Train sets of Sleeper version, each of 16 cars.
	- Supply and undertake comprehensive maintenance thereof for a
	period of 35 years.
The L1 selected bidder would have to manufacture/assemble total 120 Trainsets at Railway's Marathwada Rail Coach Factory (MRCF)/ Latur.

The L2 selected bidder would have to manufacture/assemble total
80 Trainsets at Railway's ICF/Chennai.

Date of MoU	14.11.2022
Date of Incorporation	19.04.2023
Project cost	The total quantity is 120 Trainsets and cost per set is Rs. 120 crores. (as per LOA)
Equity Participants and their % share	RVNL- 25% Joint Stock Company Metrowagonmash- 70% Joint Stock Company Locomotive Electronic Systems- 5%
Anticipated Commercial Operations Date (COD)	82 Months (Time period by which the order(s)/contract(s) is to be executed - As per LOA)

h) JGPL-RVNL EPC PRIVATE LIMITED

Location and State	A 626, 6^th Floor, DLF Tower A, Jasola, Sarita Vihar, South Delhi - 110076
Project Type	Grid Connected Solar PV Project along with Battery Energy Storage System (250 MW - Solar and 63 MW BESS)
Date of Incorporation	15.01.2024
Project cost	~USD 154 Million
Equity Participants and their % share	RVNL- 49% Jakson Green Private Limited- 51%
Anticipated Commercial February 2025 Operations Date (COD)

As on Date of Report, RVNL has incorporated
following wholly owned Subsidiary
Companies in India & abroad:

1. HSRC Infra Servies Ltd. -Incorporated on
25.07.2012 in Delhi

2. Masakani Paradeep Road Vikas Ltd.-
Incorporated on 21.08.2023 in Orissa

3. RVNL Infra South Africa Incorporated on

15.01.2024 in South Africa

4. RVNL Infra Middle East- Incorporated on

04.04.2024 in Sultanate of Oman

5. RVNL Middle East Contracting L.L.C. (Dubai)-
Incorporated on 26.06.2024 in Dubai

6. Rail Vikas Nigam LLC- Incorporated on

01.08.2024 in Uzbekistan

7. Rail Vikas Nigam Limited Company (One
Person)- Incorporated on 18.10.2024 in
Kingdom of Saudi Arabia.

8. Sabbavaram Sheelanagar Road
Development Ltd.- Incorporated on

15.05.2025 in Andhra Pradesh

5. Personnel Development

Hiring of talented and experienced
manpower, developing, motivating and
retaining them have been the principal areas
of HR for achieving the corporate objectives.

The primary focus of the organisation has
been to have not only a lean and thin cadre
of highly motivated, skilled and experienced
manpower but also to retain these scarcely
available resources by creating a conducive
work environment.

HR policies are meticulously framed taking
into account the short-term and long-term
manpower requirements of the organisation.
As RVNL is mandated to execute Railway
projects for and on behalf of Ministry of
Railways, persons with requisite technical
expertise and domain knowledge of Railway
Systems and Railway construction are required
for smooth and timely completion of rail
projects assigned to RVNL. The manpower is
largely met by sourcing employees from
Railways and other Government Departments
on deputation basis. RVNL has also a regular
cadre of its own created by absorbing willing
employees from Railways, other Govt.
Departments and PSUs. As on 31.03.2025, the
on-roll strength of the company stood at 213
regular employees and 125 deputationists.
Apart from absorbing Railway employees,
Recruitment are being made on contract basis
for various projects taken on Bidding apart
from regular recruitment.

RVNL has attractive and employee- friendly
policies to boost the morale and motivate

the employees to perform to the best of their
abilities. The perks and perquisites being paid
to the employees are reviewed periodically
to enhance the efficiency.

Skill development of the employees has been
given special attention through in-house and
customised training programmes to the
employees at different levels not only relevant
to their working area but also to enhance
their overall capabilities so that the
employees are able to adapt to the changing
technology and customer needs and
discharge their roles as a strategic business
partner contributing in the growth of the
organisation.

As a motivation to the employees, RVNL
recognises the services of meritorious
employees through individual/group Awards
and by presenting shields and cash awards
every year on the Annual Day function.

Welfare Programmes:

In line with the guidelines of the Government,
the RVNL conducted many welfare
programme such as arranging medical
camps for Regular, Deputationists,
Housekeeping & Outsource employees and
their families. Women day celebration was
organised on 07.03.2025 for all the women
employees of the organisation.

5.1 Industrial Relations

Cordial and harmonious Industrial relations
have been maintained through out the year.
All efforts were made to keep the employees
and their families safe during the Covid
pandemic by complying with the safety
protocols and guidelines.

5.2 Disclosure under the Sexual Harassment of
Women at Workplace (Prevention, Prohibition
& Redressal) Act, 2013.

The RVNL Conduct and Discipline Rules are
in line with the requirements of the Sexual
Harassment of Women at the Workplace
(Prevention, Prohibition & Redressal) Act,
2013. An Internal Complaints Committee
called “Vishaka Committee” has been set up
in RVNL to redress complaints received
regarding sexual harassment. All employees
are covered under this policy. The following
is a summary of sexual harassment
complaints received and disposed of fduring
the calendar year:-

i) No. of complaints received: Nil

ii) No. of complaints disposed of: Nil

5.3 Right to Information Act

The provisions of the Right to Information Act
are followed diligently in letter and spirit and
timely responses are given to all queries. The
Company has nominated Appellate
Authority, Chief Public Information Officer and
Asstt. Public Information Officer at the
Corporate Office and Asstt. Public
Information Officer for each PIU. During the
year 2024-25, 250 Applications were received
and disposed off.

5.4 Rajbhasha (Official Language)

The company has been making concerted
efforts to implement the directives of the
Government of India on use of Rajbhasha
(Official Language). The Rajbhasha
Department of the Company has a Part-time
Mukhya Rajbhasha Adhikari and Sr. DGM
(Rajbhasha) cum Up-Mukhya Rajbhasha
Adhikari. All the computers in the Corporate
Office have been provided with Unicode
compliant software and fonts to facilitate
access to common templates in Devnagari.
To encourage use of Rajbhasha, total 10
officials who use Rajbhasha in Hindi drafting
notes and letters were identified from all the
departments and given Late Shankar Dayal
Singh Smriti Puraskar amounting to Rs. 3,000/
- each. A competition on Hindi essay writing,
Hindi noting and drafting, Hindi Shabd Gyan
and Quiz was organized on the occasion of
Hindi Pakhwara in the month of September,
2024. Cash awards of Rs. 64,100 were
distributed to 23 successful participants. The
Company has also set up a reading room-
cum-library in the Corporate Office with a
good collection of books, newspapers and
periodicals in Hindi. During 2024-25, 4
meetings of the Rajbhasha Implementation
Committee of RVNL were held and
promotion of Rajbhasha was discussed and
reviewed. During Financial Year 2024-25,
Parliamentary Committee (On Official
Language) carried out inspections of Ranchi,
Bhubaneswar and Chennai Units and
Committee has expressed satisfaction. Hindi
Chitra Varnan Pratiyogita was organized on

10.02.2025 on the directives of Delhi Nagar
Rajbhasha Karyanvayan Samiti, Delhi
Upkram-2, in which total 26 Officials
participated, out of which 5 were awarded
with cash award amounting to Rs. 7,800.
During Financial Year 2024-25, Nagar Official
Language Implementation Committee,
Upkram-2 has provided Rajbhasha Shield to
RVNL for organizing Hindi Prashn Manch
Pratiyogita for member offices of Nagar OLIC

Upkram-2.

5.5 Presidential Directives:

During the year 2024-25, no presidential
directive was issued.

6. Vigilance

Vigilance Department is headed by Chief
Vigilance Officer (CVO). RVNL Vigilance
functions with a dominant focus on
preventive approach towards strengthening
transparency in the systems, work procedures
and accountability. Besides examining the
allegations in the complaints received from
various fora, it also carries out preventive
checks and inspections. The findings of these
investigations/inspections are

communicated to the Management for
suitable action including system
improvements, wherever required. The
compliance of corrective actions suggested
against deficiencies/lapses noticed during
the inspections/preventive checks are also
ensured.

During the FY2024-25, focus was made to
finalize/conclude the pending CVC/CTE/
Vigilance cases by vigorously pursuing the
concerned authorities/RVNL field units for
their comments/action taken. During the
period, RVNL Vigilance also assisted in the
Intensive Examination of Works by CTE/CVC
conducted for two (02) works pertaining to
Jhansi PIU and Metro/Kolkata PIU. Moreover,
observations made during earlier CTE/CTE
Type inspections were followed up and replies
on paras pertaining to various CTE
inspections were sent to CTE/CVC.

During the period, six (06) CTE Type checks
and six (06) preventive checks were
conducted by RVNL(Vigilance). Besides,
comments against pending paras of CTE
checks conducted in earlier years were also
sent to the Commission and many paras also
got closed from CVC.

DISPOSAL OF COMPLAINTS/INVESTIGATIONS:

The complaints received by Vigilance from
time to time were dealt with as per
procedure prescribed by CVC & DoPT. During
the FY 2024-25, out of (46) complaints (other
than PIDPI), all complaints were promptly
disposed by RVNL vigilance. Three System
improvements were suggusted which were
implemented by RVNL Management.

During the FY 2024-25 approx. 505 cases of
vigilance status of officers/employees were
processed by RVNL Vigilance as required by
HR/RVNL, Railway Board Vigilance, Zonal
Railways Vigilance etc. All Vigilance status/
clearance cases were processed invariably
through e-office for prompt disposal.

The status of various matters namely
inspections, complaints, disciplinary cases
and miscellaneous matters was regularly
apprised to CVC/Railway Board through
periodic quarterly and Annual Reports. The
quarterly progress report of physical progress
of different works being executed by RVNL
was duly sent to CTEO (Office of Chief
Technical Examiner under Central Vigilance
Commission) for each quarter.

VIGILANCE AWARENESS WEEK:

v In a move towards inculcating the true spirit
of participative vigilance, the Central
Vigilance Commission had issued instructions
detailing a three- month campaign period
(16^th August, 2024 (Friday) till 15^th November,
2024 (Friday). As per CVC's advice, in the 03-
months long campaign, following preventive
vigilance measures were taken up as focus
Areas by all the Ministries/Departments and
Organizations:

a. Capacity Building programs

b. Identification and implementation of
Systemic Improvement measures

c. Up-dation of Circulars/Guidelines/
Manuals

d. Disposal of complaints received before
30.06.24

e. Dynamic Digital Presence

7. Memorandum of Understanding

The Company secured a rating of “Excellent”
by Department of Public Enterprises for the
year 2023-24 on the basis of the achievement
of the committed targets fixed in the
Memorandum of Understanding signed
between RVNL and Ministry of Railways. This
is the fourteenth consecutive year for which
the Company has been rated as “Excellent”.

During FY 2024-25, MoU includes some of the
compliance parameters and their
compliance status are as follows:

Certificate on Compliance of Asset Monetization Milestones for the financial year 2024-25.	Complied Company has not received any target from Niti Aayog/Ministry of railways (MoR) for the financial year 2024-25
Certificate on Compliance of provisions of the Companies Act, 2013, SEBI (LODR) Regulations, 2015 and any other relevant acts, rules and regulations under which it is regulated (to the extent the compliances are within the ambit of rVnL) for the financial year 2024-25.	Complied (to the extent the compliances are within the ambit of RVNL)
Certificate on Compliance of DPE guidelines issued from time to time for CSR Expenditure by CPSEs for the financial year 2024-25	Complied (Refer CSR Report)
Guidelines on Steps and initiative taken for Health & Safety Improvement of Human Resources in CPSEs for the financial year 2024-25.	Complied RVNL organized various Health camps and awareness program as a part of its commitment to public health and disease prevention. These initiatives included General Health camps, Intensified TB Elimination Campaign, Health Capm on world cancer day, Women Health awareness program on International Women's day, TB screening camp on World TB day
Acceptance/Rejection of invoices of Goods & Services of MSME vendors through TReDs.	Complied
Procurement of goods or services through Micro and Small Enterprises (MSEs) as % of total procurement of goods and services	Complied Rail Vikas Nigam Limited has complied with the Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012, and procured goods and services from MSEs (including MSEs owned by SC/ST and Women entrepreneurs) to the tune of Rs. 19.41 crores (37.81% of the total procurement) against the target of Rs.12.83 crores.
Procurement from GeM Portal as % of total procurement	Complied Rail Vikas Nigam Limited has complied with the Policy for procurement of goods and services from GeM Portal for the financial year 2024-25 and goods and services amounting to Rs.33.66 Cr is procured from GeM Portal against target of Rs.19.36 Cr during F.Y. 2024-25.
Procurement of goods or services through SC/ST Micro and Small Enterprises (MSEs) as % of total procurement of goods and services- 4%	Complied Rail Vikas Nigam Limited has complied with the Public Procurement Policy for SC/ST Vendors for the financial year 2024¬ 25 and procured goods and services amounting to Rs.2.28 crores from SC/ST Vendors i.e. 4.45% of total procurement target instead of 4% of total procurement during F.Y. 2024-25.
Procurement of goods or services through Women Micro and Small Enterprises (MSEs) as % of total procurement of goods and services	Complied Rail Vikas Nigam Limited has complied with the Public Procurement Policy for Women Entrepreneur for the financial year 2024-25 and procured goods and services amounting to Rs.3.22 crores from women vendors i.e. 6.27% of total procurement target against 3% of total procurement of goods and services during F.Y. 2024-25.

8. Particulars relating to Conservation of
Energy, Technology Absorption and
Foreign Exchange Earnings and Outgo
etc.

8.1 Conservation of Energy and Technology

Absorption

RVNL is conscious of the limited nature of
conventional sources and the importance of
using our energy resources wisely. The
Company has been consistently laying
emphasis on utilizing energy efficient
equipment in its office premises and in various
projects so as to minimally effect on the
ecology and environment. Initiatives taken
to create awareness about conservation of
energy among employees have resulted in a
steady reduction in energy consumption at
Corporate Office. Various environment
friendly technologies have been adopted in
the Corporate Office building. Solar panels
are installed at all Railway Stations and level
crossings. LED lighting system also installed
and wherever feasible, automatic censor
based lightings are installed.

8.2 Foreign Exchange Earnings and Outgo

The Foreign Exchange Outgo during the year
in terms of actual outflows as compared to
previous year is mentioned below:

(Rs. In crores)

Particulars	2024-25	2023-24
Import of Material	-	100.88
Import of Capital Goods	-	85.46
Foreign Exchange on	1.32	1.11
Foreign Travel of
Company's officials
Business Promotion	3.55	-
Purchase of tender	-	-
Bank Charges	0.04	0.09
Total	4.91	187.54

9. Risk Management

RVNL has a formal Risk Management Policy
duly approved by the Board of Directors. The
Policy aims to review the exposure of RVNL
to various risks and the mitigation measures
to be taken periodically. It also strives to
increase awareness among its employees and
other stakeholders about possible risks and
measures to control the same.

The Company has a Risk Management
Committee under the Chairmanship of

Director (Operation) with all Functional
Directors as members and Executive Directors
as special invitees.

During the quarterly review, the committee
deliberated on the key challenges/critical
area of potential risk to the company and
the following challenges/risks were identified:

a) Release of Funds from Himachal Pradesh
Govt, Andhra Pradesh Government,
Telangana & Maharashtra Government.

b) Improving website of RVNL for
dissemination of information.

c) Protecting the website and related
functions for Cyber Frauds.

d) Motivating the employees for new
challenges e.g overseas projects.

e) Increasing Social Media in presence of
RVNL & the number of followers has
been increased during 2024-2025

Following initiatives have been taken based
on the suggestions made by the Risk
Management Committee to overcome the
above challenges on pilot basis:

a) The matter is being continuously pursued
with senior officials of respective State
Governments. During the FY, release of
Rs. 7.8 Cr. could be achieved.

b) A new website of RVNL has already been
launched and also RVNL profile has
been made on WIKIPEDIA.

c) Cyber Crisis Management Plan (CCMP)

entails:

The Framework document for
dealing with cyber-related incidents.

It has the details of persons to be
contacted for a particular failure
& a list of IT assets which could help
with separation of infected
infrastructure.

It describes the different types of
Cyber crises, their possible targets
& associated impacts, as well as
the actions & responsibilities of
stakeholders involved.

Cyber incident response
coordination among Ministries/
Departments of the Central
Government, its agencies & critical
information infrastructure
organizations to deal with cyber
crisis situations.

CCMP is periodically reviewed &
Security audit is also conducted
regularly

10. Corporate Social Responsibility (CSR)

The key philosophy of CSR, as enshrined in the
policy, is to meet the following broad
objectives:

a) Implementation in project/programme
mode

b) Focus on periphery of project areas of
RVNL

c) Thrust areas of education and
healthcare

d) Inclusive growth of society with
emphasis on development of weaker
sections of society and in the backward
districts of the country.

The Company has constituted Corporate
Social Responsibility Committee (CSR) in line
with the requirements of the Companies Act,
2013 and DPE Guidelines. The details with
respects to composition, CSR Policy and CSR
activities undertaken by the Company during
FY 2024-25 are placed as Annexure C to this
report.

11. Compliance of provisions of
Companies Act, 2013, SEBI (LODR)
Regulations, 2015 and Secretarial
Standards issued by ICSI

All the provisions of the Companies Act, 2013
and the Rules made thereunder, Secretarial
Standards issued by ICSI and SEBI (LODR)
Regulations, 2015 to the extent possible and
applicable to the Company as well as all
relevant notifications thereon issued by the
Government of India, are being strictly
complied with.

12. Compliance of DPE Guidelines and
Policies

All the guidelines and policies including
guidelines having financial implications
issued by Department of Public Enterprises
from time to time are duly complied with by
the Company.

13. Compliance of the Public Procurement
Policy for Micro and Small Enterprises
(MSEs) Order, 2012

The Government of India has notified Public
Procurement policy for Micro and Small
Enterprises (MSEs) Order, 2012 with effect from
1st April, 2012. As the mandate of the Public
Procurement Policy for Micro and Small
Enterprises (MSEs) Order 2012, every Central
Ministries/PSUs is required to set an annual
target of minimum 25% procurement of
goods & services from MSE Sector. Out of Total
annual procurement, a sub target of 4% &
3% should be from MSEs owned by SC/ST and
Women entrepreneurs respectively.

Rail Vikas Nigam Limited (RVNL) has taken
several steps for effective implementation of
MSE Policy. The benefits of waiver of cost of
tender documents and deposit of earnest
money, prescribed under the policy, are
incorporated in the tenders for stores
procurement and obtaining services etc.

Mrs Anupam Ban, Director (Personnel) is
working as Nodal Officer and a Grievance
Officer has been nominated for seamless
implementation of the MSE policy in RVNL.
Contact details of these officers are
uploaded on RVNL website.

Annual Procurement Plan for purchase from
MSEs during the year 2024-25 was made
available on RVNL website for information
of MSEs and to help them participate in
procurement of goods and services.

In the year 2024-25, RVNL procured goods and
services amounting to a total of Rs. 51.33
crores. Out of this, the total value of goods
and services purchased from MSEs (Including
MSEs owned by SC/ST and Women
entrepreneurs) was to the tune Rs. 19.41 crores
i.e. 37.81% of the total procurement. Thus,
RVNL has fully complied with the Public
Procurement Policy for Micro and Small
Enterprises (MSEs) Order, 2012.

As desired, the expenditure incurred by RVNL
on under mentioned head of accounts for
the period from 01.04.2024 to 31.03.2025 is
given below:

S. No.	Particulars	GL Code	Total Expenditure (Cr.)	MSME Expenditure (Cr.)	% of MSE
1.	Vehicle Hiring	5206050004	5.02	2.29	45.53%
2.	Photocopy Exp./ Printing & Stationary	5206110002/5206110003	2.51	0.67	26.85%
3.	Outsourcing Staff	5206100005/5206120003	14.68	2.94	20.05%
4.	Housekeeping / Security Service	5206170003/5206170004	16.01	10.25	64.02%
5.	Office Equipment	1101010001	2.33	0.04	1.52%
6.	Furniture and Fixtures	1101020001	1.02	0.09	9.03%
7.	EDP Assets	1101030001	1.92	0.16	8.48%

14. Research and Development

Implementation of an Integrated IT Solution
for RVNL

RVNL is utilizing a number of IT initiatives in
order to automate the business processes of
the organisation across employee services,
office procedures, and project management
and vendor billings. Among the latest systems
implemented, below are noteworthy
accomplishments:

RVNL is embarking on adapting Data
Analytics and Artificial Intelligence technology
making all our processes centralised, digitised
and automated.

RVNL upgraded the data centre and shifted
to RailTel. With this now our systems are
running on latest hardware.

RVNL, being a Navratna Public Sector
Enterprise, ensures that as per Information
Technology Act, 2000, Your Company has
always been at the forefront in the adoption
of new technology solutions for the continual
improvement in its business processes. With a
vision to be a digitally empowered
organization for operational excellence and
stakeholder value creation, it has adopted
several path-breaking technologies in its
technology stack. Various IT projects that are
in pipeline for implementation are Upgrading
our SAP systems from ECC 6 to S4/HANA,
Implementing ISO 27001/2023 which is an
internationally recognised standard for
information security management systems etc.

15. Directors' Responsibility Statement

Pursuant to Section 134(5) of the Companies
Act, 2013, the Directors confirm that -

a) In the preparation of the annual accounts,

the applicable accounting standards have
been followed along with proper explanation
relating to material departures;

b) The Directors have selected such accounting
policies and applied them consistently and
made judgments and estimates that are
reasonable and prudent so as to give a true
and fair view of the state of affairs of the
Company at the end of the financial year and
of the profit of the Company for that period;

c) The Directors have taken proper and
sufficient care for the maintenance of
adequate accounting records in
accordance with the provisions of this Act
for safeguarding the assets of the Company
and for preventing and detecting fraud and
other irregularities;

d) The Directors have prepared the annual
accounts on a going concern basis.

e) The Directors have laid down internal financial
controls to be followed by the Company and
that such internal financial controls are
adequate and were operating effectively.

f) The Directors have devised proper systems to
ensure compliance with the provisions of all
applicable laws and that such systems were
adequate and operating effectively.

16. Directors and Key Managerial Personnel

RVNL being a Government Company, the
appointment of directors on its Board are
done by the Govt. of India through
Administrative Ministry i.e. Ministry of Railways,
from time to time.

As on date of this report, the strength of the
Board of the Company comprises of Eight (8)
Directors, out of which five (5) are whole-time
Directors (including Chairman and Managing

Director), two (2) Government Nominee
Director from Administrative Ministry i.e.,
Ministry of Railways (MoR) as (Part-time)
(official) Directors and One (1) Independent
Director. Position of six(6) Independent
Directors (including one-woman Independent
Director) is vacant. However, the composition
of the Board of Directors was not in conformity
with the provisions of the Companies Act,
2013, SEBI (LODR) Regulations,2015 and DPE
Guidelines on Corporate Governance, due to
absence of requisite number of Independent
Directors including one Woman Independent
Director on its Board.

The Company has been requesting Ministry
of Railways (MoR), Government of India to
appoint requisite number of Independent
directors (including woman Independent
Director) to ensure the compliance to the
provisions of SEBI (LODR) Regulations, 2015 and
DPE Guidelines on Corporate Governance.
Except the appointment of Independent
Directors (including woman Independent
Director), the composition of the Board is in
compliance with Regulation 17 of SEBI (LODR)
Regulations, 2015.

The following Directors held office during the year and till the date of this report-

S. No.	Name & DIN of Directors	Designation	Date of Appointment/ Cessation
Whole Time Directors/Functional Directors
1.	Mr. Pradeep Gaur (DIN:07243986)	Chairman and Managing Director	from 01.09.2018 onwards
2.	Mr. Vinay Singh (DIN:03324677)	Director (Projects)	From 01.08.2019 upto 18.12.2024
3.	Mr. Rajesh Prasad (DIN:08585975)	Director (Operations)	From 03.03.2020 upto 30.09.2024
4.	Mr. Sanjeeb Kumar (DIN:03383641)	Director (Finance) & CFO	from 06.05.2020 upto 31.05.2025
5.	Mrs. Anupam Ban (DIN:07797026)	Director (Personnel)	From 09.02.2023 onwards
6.	Mr. Sandeep Jain (DIN:09435375)	Director (Operations) Additional Charge	From 01.10.2024 upto 25.11.2024
7.	Mr. Mritunjay Pratap Singh (DIN:08165734)	Director (Operations)	from 26.11.2024 onwards
8.	Mr. Sandeep Jain (DIN:09435375)	Director (Projects) Additional Charge	From 06.02.2025 onwards
9.	Mr. Abhishek Kumar (DIN:10644411)	Director (Finance) Additional Charge	From 05.06.2025 onwards
Government Nominee Directors/Part time Official Directors
10.	Mr. Dhananjaya Singh (DIN:08955500)	Govt. Nominee Director	From 11.11.2020 onwards upto 06.11.2024
11.	Mr. N.C. Karmali (DIN:09103211)	Govt. Nominee Director	From 20.05.2024 onwards
12.	Mr. Prem Sagar Gupta (DIN:09329458)	Govt. Nominee Director	From 06.11.2024 onwards
independent Directors/ Part time Non- Official Directors
13.	Dr. M. V. Natesan (DIN:09408491)	Independent Director	From 22.11.2021 upto 08.11.2024
14.	Mr. Anupam Mallik (DIN: 09547797)	Independent Director	From 25.03.2022 upto 20.03.2025
15.	Mr. Surender Singh (DIN:11108145)	Independent Director	From 15.05.2025 onwards

*The Company has received declarations
from the Independent Directors confirming
that they meet the criteria of Independence
as prescribed under the Companies Act, 2013
and SEBI (LODR) Regulations, 2015 as
amended from time to time.

Woman Director & Independent Woman
Director

In terms of the provisions of Section 149 of the
Companies Act, 2013 read with the
Companies (Appointment and Qualification
of Directors) Rules, 2014, a Company shall have
at least one-Woman Director on the Board of
the Company. Further, as per SEBI (LODR)
(Amendment) Regulations, 2018, a Company
shall have at least one Independent Women
Director. Your Company had no Independent

Woman Director on the Board of the
Company since 18.09.2020. The Company has
requested Ministry of Railways for appointment
of Women Independent Directors in order to
comply with the requirements under
Regulation 17 of SEBI (LODR) Regulations 2015
and Companies Act, 2013.

Appointment/Resignations of Key Managerial
Personnel's

The Board of Directors of the Company has
designated all the whole-time Directors,
Company Secretary, Chief Financial Officer
(CFO) as the Key Managerial Personnel (KMP)
of the Company; and Chairman & Managing
Director (CMD) has been designated as CEO.
After the close of the year, Executive Director
(Finance) has been designated as CFO.

Changes (Appointment/Cessation) in Directors & Key Management Personnel's (KMP) during the year
and till the date of this report is mentioned in Report on Corporate Governance.

Name	Designation	Date of change	Reasons
Mr. N.C. Karmali (DIN:09103211)	Govt. Nominee Director	20.05.2024 30.09.2024	Appointment as an Additional Director Change in Designation from Additional Director to Nominee Director
Mr. Rajesh Prasad (DIN:08585975)	Director (Operations)	01.10.2024	Cessation due to Superannuation
Mr. Sandeep Jain	Director (Operations)	01.10.2024	Appointment as an Additional
(DIN:09435375)	Additional Charge	26.11.2024	Director Cessation as an Additional Director
	Director (Projects) Additional Charge	06.02.2025	Appointment as an Additional Director
Mr. Prem Sagar Gupta Govt. Nominee Director (DIN:09329458)		06.11.2024	Appointment as an Additional Director
Mr. Dhananjaya Singh (DIN:08955500)	Govt. Nominee Director	07.11.2024	Cessation due to nomination withdrawn by appointing authority
Dr. M. V. Natesan (DIN:09408491)	Independent Director	09.11.2024	Cessation due to Retirement
Mr. Mritunjay Pratap Singh (DIN:08165734)	Director (Operations)	26.11.2024	Appointment as an Additional Director
Mr. Vinay Singh (DIN:03324677)	Director (Projects)	19.12.2024	Cessation due to Retirement
Mr. Anupam Mallik (DIN: 09547797)	Independent Director	21.03.2025	Cessation due to Retirement
Mr. Surender Singh (DIN:11108145)	Independent Director	15.05.2025	Appointment as an Additional Director
Mr. Sanjeeb Kumar (DIN:03383641)	Director (Finance) & CFO	01.06.2025	Cessation due to Superannuation
Mr. Abhishek Kumar	Director (Finance)	05.06.2025	Appointment as an Additional
(DIN:10644411)	Additional Charge		Director

Annual evaluation by the Board of its own
performance and that of its Committees and
Individual Directors-

RVNL being a Government Company is
exempted vide Ministry of Corporate Affairs
(MCA) General Circular No. F. No. 1/2/2014-
CL. V dated 05.06.2015 to comply with the
provisions of Sec 134(3)(e) and Sec 134(3)(p)
with respect to Annual evaluation by the
Board of its own performance and that of its
Committees and Individual Directors and
Section 178(2) which requires performance
evaluation of every director by the
Nomination & Remuneration Committee. In
case of RVNL, the performance evaluation
of Directors is done by the Ministry of Railways
as per their laid down procedure. Further,
DPE, through our Administrative Ministry
(MOR) has started the exercise of
performance evaluation/ assessment of non¬
official (Independent) Directors on the Board
of the Company.

Retirement of Directors by Rotation

The Companies Act, 2013 provides that the
provisions in respect of retirement of Directors
by rotation will not be applicable to
Independent Directors. In view of this, no
Independent Director is considered to be
retiring by rotation; however, all other
directors are considered to be retiring by
rotation. Accordingly, as per provisions of
section 152 of Companies Act, 2013, one third
among all other directors namely Shri
Pradeep Gaur, (DIN: 07243986), Chairman &
Managing Director, being longest in office,
are liable to retire by rotation and being
eligible, offer himself for re-appointment. The
details of Director seeking re-appointment at
the ensuing AGM are contained in the Notice
convening the ensuing AGM of the Company.

Meetings of the Board of Directors and Other
Committees of the Board and their
Composition

Pursuant to the Companies Act, 2013 and
Rules framed there under, Seven (7) Board
Meetings were held in the FY 2024-25. The
details of the Meetings are in the Corporate
Governance Report forming part of this
report. Your Company has Audit Committee,
CSR Committee, and other Committees of
the Board in place in compliance to
Compliance Act, 2013 and SEBI (LODR)
Regulations. The Composition and scope of

the Committees are provided in the report
of Corporate Governance, forming part of
this report in Annexure-B. Further, there has
been no instance where the Board of
Directors have not accepted the
recommendation of Audit Committee.

A Statement regarding Opinion of the Board
with regard to Integrity, Expertise and
Experience (including the Proficiency) of the
Independent Directors appointed during the
year

The Independent directors appointed on the
Board of the Company are eminent
personalities drawn from fields like Science,
Finance, management, industry etc. having
wide experience. Upon induction on the
Board of the Company, the Independent
directors are familiarized with profile of the
Company, its business, industry scenario,
operations, organizational structure,
statutory & regulatory responsibilities through
familiarization programme. During the
Financial year 2024-25, no Independent
Director on the board of Rail Vikas Nigam
Limited (RVNL) has resigned from the post of
Independent Director. However, the present
Independent Director has wide experience in
the field of Taxation and has contributed
towards the growth of the Company. In the
opinion of the Board, the Independent
Director fulfils the conditions specified in the
Listing Regulations and are independent of
the management.

However, the composition of the Board of
Directors was not in conformity with the
provisions of the Companies Act, 2013, SEBI
LODR Regulations and DPE Guidelines on
Corporate Governance, due to absence of
requisite number of Independent Directors
(including One-Woman Independent
Director) on its Board. The Company has been
requesting Ministry of Railways (MoR),
Government of India to appoint requisite
number of Independent directors (including
one-woman Independent Director) to ensure
the compliance to the provisions of SEBI
(LODR) Regulations, 2015 and DPE Guidelines
on Corporate Governance. Except the
appointment of Independent Directors
(including one-woman Independent
Director), the composition of the Board is in
compliance with Regulation 17 of SEBI (LODR)
Regulations, 2015.

17. Auditors
Statutory Auditor

The Comptroller & Auditor General of India
has appointed M/s. Gandhi Minocha &Co.,
Chartered Accountants as Statutory Auditors
of the Company for the year ended 31 March,
2025. The Board would like to thank them for
their valuable support and guidance during
the audit of accounts under review.

Secretarial Auditor

The Board of Directors has appointed M/s
Kumar Naresh Sinha & Associates, Practicing
Company Secretary to conduct the Secretarial
Audit for financial year 2024-25. The Secretarial
Audit Report is annexed and forms part of this
Annual Report in Annexure E.

18. Reporting of Frauds by Auditors

During the year, neither the Statutory Auditor
nor the Secretarial Auditor have reported to
the Audit Committee under Section 143(2) of
the Companies Act, 2013, any instance of
fraud committed against the Company by
its officers or employees.

19. Comments of Comptroller & Auditor
General (C&AG) of India

The Comptroller & Auditor General of India
has undertaken supplementary audit on the
accounts of the Company for the year ended
31 March, 2025 under Section 139(5) of the
Companies Act, 2013. The comments of the
C&AG on the Annual Accounts of the
Company for the year ended 31 March, 2025
are yet to be received by the company.

20. Details of Significant and Material Orders
passed by the Regulators or Courts or
Tribunals impacting the Going Concern
Status and Company's Operations in
Future.

No Significant and Material orders passed by
the Regulators or Courts or Tribunals
impacting the going concern status and
Company's operations in future during the
year under review

21. Particulars of Employees and Related
Disclosures

The provisions of Section 134(3)(e) of the
Companies Act, 2013 are not applicable to a
Government Company. Similarly, Section 197
of the Companies Act, 2013 shall not apply to
a Government Company. Consequently,

there is no requirement of disclosure of the ratio
of the remuneration of each Director to the
median employee's remuneration and other
such details, including the statement showing
the names and other particulars of every
employee of the Company, who, if employed
throughout/part of the financial year, was in
receipt of remuneration in excess of the limits
set out in the Rules.

22. Material Changes and Commitments
affecting Financial position between the
end of the Financial Year and Date of
Report

There are no material changes and
commitments affecting financial position of
the Company which occurred between
01.04.2024 to 31.03.2025 and date of signing
of this Report.

23. Cost Records

The Board of Directors has appointed M/s.
R. M. Bansal & Co., Cost Accountants to
conduct the Cost Audit for financial year
2024-25.

24. Difference in amount of the Valuation

There was no such instance of either
settlement or loan from Bank or Financial
Institution during the year under review.

25. General

Your Directors state that no disclosure or
reporting is required in respect of the
following matters as there were no
transactions on these matters during the year
under review:

Details relating to deposits covered under
Chapter V of the Companies Act 2013.

Issue of equity shares with differential rights
as to dividend, voting or otherwise.

There has been no change in the nature
of business of the Company.

26. Corporate Insolvency Resolution
Process initiated under the Insolvency
and Bankruptcy Code, 2016

The Company has no information to disclose
under above.

27. Failure to implement any Corporate
Action

The Company has implemented all
Corporate Actions successfully within
prescribed timelines. Therefore, the Company
has nothing to report.

28. Acknowledgements

Your Directors also take this opportunity to
gratefully acknowledge the co-operation,
guidance, and support in effective
management of company's affairs and
resources provided by Government of India,
in particular Ministry of Railways (MoR), Ministry
of Finance, Department of Public Enterprises,
various banks, Asian Development Bank, the
Zonal Railways, IRFC and our equity partners
in Joint Venture/SPVs for their continued
interest and support to the Company. Your
Directors would like to express their thanks
for the devotion, commitment and
dedication of each and every employee of
the Company due to which your Company
could face the new challenges and
opportunities and create a niche for itself as
a major provider of rail infrastructure in the
country. Your Directors also acknowledge the

support and guidance received from officials
of Comptroller & Auditor General of India,
Statutory Auditors, Cost Auditors and
Secretarial Auditors for their suggestions. Last
but not the least, the Directors would like to
express their deep appreciation and gratitude
towards all their predecessors who have been
associated with RVNL, for their valuable
contribution to the growth and development
of the Company in attainment of the
Company's aim and goals in all the spheres.

For and on behalf of Board of Directors

Sd/-

(Pradeep Gaur)
Chairman & Managing Director
DIN:07243986

Place: New Delhi
Date: 02.07.2025

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