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DIRECTOR'S REPORT

Rail Vikas Nigam Ltd.

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Market Cap. (₹) 5243.83 Cr. P/BV 1.13 Book Value (₹) 22.20
52 Week High/Low (₹) 30/19 FV/ML 10/1 P/E(X) 7.44
Bookclosure EPS (₹) 3.38 Div Yield (%) 0.36
Year End :2018-03 

DIRECTORS' REPORT

Dear Shareholders,

The Directors are pleased to present the 15th Annual Report and Audited Financial Statements for the Financial Year ended 31st March, 2018 together with the reports of Statutory Auditors and Comptroller & Auditor General of India heron. Integral Reports

The “Management Discussion and Analysis Report”, “Corporate Governance Report”, “Corporate Social Responsibility (CSR) Report”, “Secretarial Auditor Report”, Extract of Annual Return and “Form AOC-2” with relevant sub appendices form an integral part of this Directors’ Report and have been placed as Annexure “A”, “B”, “C”, “D”, “Eland “F” respectively.

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.

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. It is supplemented by the following compliance certificates.

(I) 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 2017-18 (placed at Annexure “B-1”) as per guidelines of Department of Public Enterprises on Corporate Governance;

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

(iii)    A Certificate of compliance of Corporate Governance signed by a practicing Company Secretary (placed at Annexure “B-3”) as per guidelines of Department of Public Enterprises on Corporate Governance.

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

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 PC. Jain & Co., Practicing Company Secretary, to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is placed at Annexure “D”.

Pursuant to section 134 (3) (a) of the Companies Act, 2013 read with Rule 12 (1) of the Companies (Management and Administration) Rules 2014, the “Extract of Annual Return” is placed at Annexure “E”.

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”.

1. FINANCIAL PERFORMANCE HIGHLIGHTS

The key highlights of the financial performance of the company during F.Y. 2017-18 along with the corresponding performance in F.Y. 2016-17 are mentioned below (rounded to nearest Rupees/corer):

                                                                                                 (Rs, in Cores)

Particulars

2017-18

2016-17

%

increase/(Decrease)

Turnover

7556.56

5919.62

27.65

Total Income

7781.36

6167.18

26.17

Operating Income

573.39

444.41

29.02

PBT(excluding other income, extraordinary and exceptional items)

377.65

269.27

40.25

Reserves & Surplus

1266.46

1001.77

26.42

Profit Before Tax

564.15

481.38

17.19

Profit After Tax

469.66

381.61

23.07

Net worth

3351.48

3083.38

8.70

Appropriations

     

Proposed Final Dividend

167.57

154.50

8.46

2. PHYSICAL PERFORMANCE

Your Directors are delighted to inform that the F.Y. 2017-18 has been a year of excellence and growth for the Company. Your Company surpassed all previous achievements. project execution from Rs, 269.27 corer in previous year to Rs, 377.65 corer in 2017-18. While there has been an increase in Dividend income from SPVs to Rs, 10.00 corer in comparison to Rs,5.50 corer in previous year, the balance increase is on account of interest income.

Profit After Tax increased from Rs, 381.61 corer in F.Y. 2016-17 to Rs,469.66 corer in F. Y. 2017-18 showing an increase of 23.07%.

Net Worth

The Net Worth of your Company has increased over the previous year on account of transfer of profits (after payment of Dividend) amounting to Rs, 268.66 corer and on account of OCI Rs, (0.56) Core to Reserves and Surplus. Accordingly, the Net Worth of the Company has increased from Rs, 3083.38 corer at the end of previous year to Rs,3351.48 corer at the end of the current year. Reserves

After taking into account, payment of Interim Dividend of Rs, 154.50 corer (total dividend of Rs, 154.50 for F.Y. 2016-17) and Dividend Distribution Tax of Rs, 31.45 corer, the balance under Reserves & Surplus at the end of 2017-18 stands at Rs, 1266.46 corer in comparison toRs, 1001.77 corer in 2016-17. Dividend Interim Dividend

In FY 2017-18, the Board of Directors declared an Interim Dividend of Rs, 154.50 Core in compliance with Guidelines on Capital Restructuring issued by the Department of Public Asset and Investment Management(DIPAM).

Final Dividend

As a result of the improved financial performance of the Company and in compliance of directions of the Ministry of Railways, and Capital restructuring guidelines issued by DIPAM, the Board of Directors

- Total project Length completed during the F. Y. 2017-18 was 885.5 km (315.2 km of Doubling, 17 km of New Line, 86.3 km of Gauge Conversion, 425 km of Railway Electrification) and 42.0km of Metropolitan Transport Project of project length have been physically completed.

Capital Structure

With an authorized share capital of the Company of Rs,3000 corer, 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 corer. Ministry of Railways, Government of India holds the entire share capital of the Company.

Turnover

Your Company has achieved a highest ever turnover of Rs, 7556.56 crone in 2017-18 as compared to Rs,5919.62 corer in 2016-17, i.e. an increase of 27.65%.

This became achievable mainly due to the assured availability of funds for project expenditure during the year by the Ministry of Railways, which accounts for 80.66% of the Turnover. 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 an increase in the level of expenditure on works undertaken for SPVs and other deposit works to Rs, 1356.35 crone during 2017-18 in comparison to Rs, 1025.29 crone in the previous year.

Profit

Profit Before Tax increased from Rs, 481.38 crone in 2016-17 to Rs, 564.15 crone in 2017-18. The major increase is on account of higher gross margin from Railways (Moor) as a pass through entry in the books of RVNL. During the year an amount of Rs,241.32 crone was paid to IRFC on this account, leaving an outstanding loan balance of Rs, 2037.95 crone.

CONSOLIDATED FINANCIAL STATEMENTS

In compliance with the requirements of Companies Act, 2013 the consolidated Financial Statements of RVNL have been prepared for the Financial Year 2017-18, which are presented in the Report. The accounts have been consolidated based on the performance and activities of the SPVs and the share of RVNL in those entities as an equity partner and its wholly owned subsidiary HSRC. The related entries appearing in the Stand Alone Accounts of RVNL have been adjusted accordingly in consonance with the relevant Indian Accounting Standards (In AS 110 & 28). The salient features of differences in the significant entries between the Stand Alone Accounts of RVNL and the Consolidated Accounts are as under:

(Rs, in Corers)

have recommended a Final Dividend of Rs, 13.07 cores. Therefore, the total Dividend payable for F. Y. 2017-18 amounts to Rs, 167.57 cores subject to the approval of shareholders in the ensuing Annual General Meeting of the Company. The cumulative Dividend paid to Ministry of Railways by RVNL up to F.Y. 2017-18 shall amount to Rs, 588 crone.

Fixed Deposits

No deposits from the public have been accepted by the Company during the year under review. Reimbursement of Expenditure RVNL received an amount of Rs, 5812.62 crone (approx..), for project expenditure during the current year, from Ministry of Railways (Moor) for execution of various works.

Loans from IRFC

During the year, an additional amount of Rs, 92.50 crone was received as borrowings from IRFC. With this, the total amount received from IRFC is Rs,3281.43 crone. The principal and interest on the borrowings from IRFC are repaid by Ministry of

Item

Figures as on 31.3.2018 Stand Alone

Figures as on 31.3.2018 Consolidated

Turn Over

7556.56

7597.36

Other Income

224.80

224.93

Direct Expenses

6983.17

7023.97

Indirect Expenses

240.40

240.45

PBT

564.15

664.03*

PAT

469.66

569.52

Reserve & Surplus

1266.46

1839.00

Net Worth

3351.48

3924.02

* PBT includes Rs, 99.81 core as proportionate share of RVNL in the profit/loss of Joint Ventures.

In-Principle approval for listing from Stock Exchanges was obtained from National Stock Exchange of India Limited (NSE) and BSE Limited on 20.04.2018 and 25.04.2018 respectively. Domestic and International Road Shows were conducted in the month of May and June,2018.

In High Level Committee (HLC) Meeting of officers constituted by DIPAM held on 11.06.2018, it was decided to reschedule the launch of RVNL IPO.

Operational Performance

3. Projects Execution

3.1 Physical Size of the Projects:

Since its establishment in 2003, Ministry of Railways has transferred 159 projects to RVNL for execution, which may be broadly classified under the following heads:

-    Doubling    67

-    Gauge Conversion    11

-    New Lines    12

-    MTP    06

-    Railway Electrification    28

-    Workshops    15

-    Others    20

-    Unsanctioned    05 (1 Doubling,

3 GC, 1 RE)

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-51 to the Consolidated Financial Statements.

PROPOSED INTIAL PUBLIC OFFER (IPO):

Cabinet Committee on Economic Affairs (CCEA) approved the Disinvestment of Government of India shareholding in the Company in the month of April,2017. Thereafter, Department of Investment and Public Asset Management (DIPAM) appointed the Book Running Lead Managers (BRLMs), Legal advisors, Registrar to the issue and Ad-Agency.

In compliance with the SEBI (ICDR) Regulations, 2009 and Depositories Act, 1996, RVNL has signed agreements with both the Depositories (CDSL & NSDL). Further the physical shares held by President of India and its nominees were also dematerialized.

The Memorandum and Articles of Association of the Company were amended in accordance with the provisions of Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

The Company filed the Draft Red Herring Prospectus (DRHP) with SEBI for seeking approval of listing (IPO) on 28.03.2018. SEBI approval was received on 17.05.2018 on the DRHP.

3.1.1 Details of Projects Where Progress is affected:

S. No

Factors affecting Progress of Projects

No. of Projects

Length (km)

Cost (Rs, core)

(I)

Projects adversely affected/held up due to land acquisition, forest clearance, law and order & other issues

10

459.80

24517.22

(ii)

Projects adversely affected/held up due to clearances awaited from Central & State Governments (Metro projects)/ shifting of utilities etc.

1+2 (partly)

26.14

5719.00

(iii)

Projects under review

5

0.00

397.8

(iv)

Under Planning & Development

12

257.4

4191.38

 

Total

28+2 (partly)

743.34

34825.4

3.1.2 Up to 2012, the RE works being executed by RVNL were only those where electrification was a part of some other work such as doubling, gauge conversion, etc. However, in the last 5 years, pure RE projects have also been transferred for execution.

With the transfer of projects involving construction of Workshops, Metro Projects, construction of Cable Stayed Bridge etc., RVNL has diversified the nature of projects being executed by it.

These projects are spread all over the country and for efficient implementation of projects, 37 Project Implementation Units (PIUs) have been established at 22 locations to execute projects in their geographical hinterland. They are located at

New Delhi, Mumbai, Kolkata (4 Units), Chennai, Secunderabad (2 Units), Bhubaneswar (3 Units), Bhopal (3 Units), Jhansi, Kota, Jodhpur, Walt air (2 Units), Bangalore, Pane, Raipur (3 Units), Luck now (2 Units), Rishikesh, Ahmadabad (2 Units), Kanpur, Varanasi (2 Units), Mughalsarai, Chandigarh, Tambala & Guwahati. The PIUs are established and closed as per requirement.

3.2 Status of physical progress of projects The status of the 159 projects assigned to RVNL for execution is as under: -

Projects completed up to March 2018 : 65 Projects under implementation    : 94

(includes 30 projects at Para 3.1.1)

Projects yet to be sanctioned    : 05

3.2.1 RVNL has so far completed 65 projects.

The list of 57 projects fully completed up to March, 2017 is as under:

S.

No.

Railway

Project Name

Type of Project

Length

(km)

1.

Central Railway (CR)

Diva - Kalian 5th & 6th Line

Doubling

11

2.

Central Railway

Penki - Mohole Doubling

Doubling

17

3.

Central Railway

Panel - Asia JNPT Doubling

Doubling

28.5

4.

Central Railway

Penki - Sholapur Doubling

Doubling

16.28

5.

Eastern Railway (ER)

Guru - Saktigarh Exton of 3rd Line

Doubling

26

6.

East Central Railway (ECR)

Bahraini - Titrate Bypass Doubling

Doubling

8.3

7.

East Coast Railway (Ector)

Talc her-Cuttack-Para deep Doubling with 2nd Bridge on Rivers Birwa & Mahanadi

Doubling

3

8.

East Coast Railway

Jakhapura- Haridaspur3rd Line

Doubling

23.3

9.

East Coast Railway

Cuttack - Baring Doubling

Doubling

14.3

10.

East Coast Railway

Rajatgarh-Barang Doubling

Doubling

31.3

11.

North Central Railway (NCR)

Pawl - Bhuteswar 3rd Line

doubling

81

12.

North Central Railway

Aligarh - Ghaziabad 3rd Line

Doubling

106.1

 

s.

No.

Railway

Project Name

Type of Project

Length

(km)

13.

North Western Railway (NWR)

Braga Kit Kathy - Luna Doubling

Doubling

30.3

14.

North Western Railway

Kermode - Palanpur Doubling

Doubling

5.4

15.

North Western Railway

Reward- Maneroo Doubling

Doubling

69.02

16.

North Western Railway

Rani-Keshav Ganja Doubling

Doubling

59.5

17.

Southern Railway (SR)

Attipattu - Korukkupet 3rd Line

Doubling

18

18.

Southern Railway

Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line

Doubling

41.89

19.

Southern Railway

Tiruvallur - Arakkonam 4th Line

Doubling

28

20.

Southern Railway

Villipuram-Dindigul Doubling

Doubling

273

21.

Southern Railway

Thanjavur-Ponmalai - Doubling

Doubling

46.96

22.

South Central Railway (SCR)

Pullampet - Balapalle Ph I of Gouty - Renigunta Doubling

Doubling

41

23.

South Central Railway

Krishnapatnam - Venkatachalam Doubling with RE

Doubling

16.5

24.

South Central Railway

Gouty - Renigunta Patch Doubling

Doubling

151

25.

South Eastern Railway (SER)

Tikiapara - Santragachi Doubling

Doubling

5.6

26.

South Eastern Railway

Pascua - Kharagpur 3rd Line

Doubling

45

27.

South Eastern Railway

Pascua - Halide Ph 1 Doubling

Doubling

14

28.

South Eastern Railway

Pagoda - Talmud (Jn. Cabin) Doubling

Doubling

13.5

29.

South Eastern Railway

Talmud Jn. Cabin - Basely Stamata Doubling

Doubling

24.23

30.

South East Central Railway (SECR)

Ballarpur - Ursula 3rd Line Doubling

Doubling

105

31.

South East Central Railway

Salk Road- Khongsara Patch Doubling

Doubling

26

32.

South Western Railway (SWR)

Hoped - Guntakal Doubling

Doubling

115

33.

North Western Railway (NWR)

Delhi - Reward Gauge Conversion

GC

94.2

34.

North Western Railway

Ajmer - Cholera - Rings -Reward Gauge Conversion

GC

295

35.

North Western Railway

Bhili - Samara Gauge Conversion

GC

223

 

s.

No.

Railway

Project Name

Type of Project

Length

(km)

36.

Southern Railway (SR)

Thanjavur - Villupuram Gauge Conversion

GC

192

37.

Southern Railway

Cuddlier - Salem Gauge Conversion

GC

193

38.

South Western Railway (SWR)

Arasikere-Hassan-Mangalore Gauge Conversion

GC

230

39.

Western Railway (WR)

Bharuch - Samna - Dame Gauge Conversion

GC

62

40.

Western Railway

Gandhi ham - Palanpur Gauge Conversion

GC

301

41.

East Coast Railway (Ector)

Datary - Bonsai New Line

NL

155

42.

Southern Railway (SR)

Vallarpadam - Ideally New Line

NL

9

43.

Railway Electrification (RE)

Tonka -Bonsai - RE

RE

144

44.

Railway Electrification

Kharagpur (Impure) -Bhubaneswar Including Branch Line of Talc her - Cuttack - Para deep

RE

581

45.

Railway Electrification

Bhubaneswar - Kottavalasa

RE

417

46.

Railway Electrification

Daund-Manmad Incl. Puntamba-Shirdi - RE

RE

255

47.

Railway Electrification

Reningunta - Guntakal RE

RE

308

48.

Railway Electrification

Yelahanka - Dharmavaram -Gouty RE

RE

306

49.

Railway Electrification

Barouche - Samna - Dame RE

RE

64

50.

Railway Electrification

Maneroo- Hisser RE

RE

74

51.

Eastern Railway (ER)

Civil Engineering Works In Connection With Diesel Loco Component Factory, Dancing

WKSP

 

52.

Eastern Railway

Dancing - Setting Up of Electric Loco Assembly And Ancillary Unit of CLW

WKSP

 

 

S.

No.

Railway

Project Name

Type of Project

Length

(km)

53.

South Eastern Railway (SER)

Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sank rail / Halide

WKSP

-

54.

DLW

Varanasi - Augmentation of Production Capacity from 200 To 250 High HP Locos Per Year

WKSP

 

55.

South Central Railway (SCR)

Workshop for Manufacture of Flat Bogies

for LHB Design Coaches, Badger

WKSP

 

56.

Eastern Railway

Bardhhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213

ROB

 

57.

North Western Railway (NWR)

IOC Siding At Scalawags (Deposit Work)

Others

2.82

The list of 8 projects completed in 2017-18 is as under:

S.

No.

Railway

Project Name

Type of Project

Length

(km)

1.

East Coast Railway

Khurda-Barang - 3rd line (35 km)

Doubling

32.324

2.

South Central Railway

Richer - Guntakal Doubling

Doubling

81.0

3.

South Eastern Railway

Goelkera-Monoharpur 3rd line (40 km)

Doubling

27.5

4.

West Central Railway

Bhopal-Binna - 3rd line (143 km)

Doubling

144.3

5.

Railway Electrification

Jackal - Hisser (79 km)

RE

80.0

6.

East Central Railway

Bahraini - 250 High Horse Power Loco Shed

WKSP

-

7.

Southern Railway

Srirangam-Tiruchchirapalli Town - 4-lane road over bridge in lieu of 2- lane bridge No.380-A

ROB

 

8.

South Central Railway

Secunderabad- Up gradation of facilities at Centralized Training Academy for Railway Accounts

TRG

 

of which 29.42 km was completed against the Moue time line target of 27 km. During the year, Madha-Wadsinghe (7.68 km) was completed in April 2017, Akkalkot Road-Nagansur (5.15 km) in June 2017, Wadsinghe-Kurduwadi (8.11 km) in October 2017 and Dallas - Kim (8.48 km) in December 2017, totaling to 29.42 km under the time line target of Moue 2017-18. In addition, Nagansur-Boroti (8.98 km) was completed in July 2017.

3.4.3.2    Hospet-Tinaighat Doubling: During the year, 37.24 km of project length was completed, out of which 23.48 km was completed against the Moue time line target of 22 km. During the year, Ginigera-Munirabad (10.75 km) was completed in November 2017 and Munirabad-Hospet (5.93 km) & Devarayi-Nagargalli (6.8 km) in December 2017, totaling to 23.48 km under the time line target of Moue 2017-18. In addition, Gadag-Kanginhal (8.32 km) was completed in May 2017 and Nagargalli-Tavargatti (5.44 km) in January 2018.

3.4.3.3    Binna - Kota Doubling with RE: During the year, 51.5 km of project length was completed, out of which 25.42 km was completed against the Moa time line target of 24 km. During the year, Shadoragaon-Pilighata (9.1 km) was completed in May 2017, Chandresal-Digod (8.16 km) and Shadoragoan - Ratikhera (8.16 km) in November

2017, totaling to 25.42 km under the time line target of Moa 2017-18. In addition, Kota-Solaria (2.71 km) was completed in June 2017, Bhulon-Motipura Chowki (9.78 km) in August 2017, Railhead-Ashok Nagar (7.73 km) in December 2017 and Diode - Kalyanpura (5.86 km) in February 2018.

3.4.3.4    Khurda-Barang - 3rd line: During the year, Mancheswar-Bhubaneswar (6.61 km) was completed in March 2018, thus completing the project.

3.4.3.5    Sambalpur-Titlagarh Doubling: During the year, Dungripalli-Khalliapalli (12.77 km) was completed in July 2017.

3.3    Total project length completed:

Cumulatively, RVNL has completed a total of 2668.52 km of doubling, 1676.30 km of gauge conversion, 230.82 km of new lines, 3262.07 km of pure Railway Electrification, 1909 km RE as part of NL/GC/DL and 42.0 km of Metropolitan Transport Project (MTP). Thus, as on 31.3.2018,7879.71 km project length out of a total length of 16043 km of 159 sanctioned projects (5 projects of 733.5 km of length are yet to be sanctioned) assigned to RVNL, have been completed.

3.4    Project length completed during 2017-18:

During 2017-18, 885.5 km (315.2 km of Doubling,

17 km of New Line, 86.3 km of Gauge Conversation, 425 km of Railway Electrification and 42.0 km of Metropolitan Transport Project) of project length have been physically completed. In addition, Railway Electrification of 153.87 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, 17 km of New Line project was completed, the details are given below:

3.4.1.1    Dallirajhara-Rowghat New Line: During the year, Gudum-Bhanu Pratappur (17 km) was completed in December 2017.

3.4.2    Sections completed under Gauge Conversation Plan Head: During the year, 86.3 km of Gauge Conversation was completed, the details are given below:

3.4.2.1    Lucknow-Pilibhit Gauge Conversion:

During the year, Aishbab-Sitapur (86.3 km) was completed in November 2017.

3.4.3    Sections completed under Doubling Plan Head:

During the year, 315.2 km of Doubling was completed, the details are given below:

3.4.3.1    Daunt - Gulbarga Doubling: During the year, 38.4 km of project length was completed, out completed in March 2018.

3.4.3.16 Budni-ltarsi 3rd line: During the year, Itarsi-Powarkhera (10.30 km) was completed in March 2018.

3.4.4 Sections completed under Pure Railway Electrification Works:

During the year, 425 km of Railway Electrification was completed, details are given below:

3.4.4.1    Chakra - Ballia - Ghazipur - Varanasi -Allahabad RE: During the year, 138 km of project length was completed. Raja Talab-Katla (25 km) was completed in April 2017, Katla-Madhosingh (9 km), Raja Talab-Haridattapur (6 km) and Shahbajkuli-Yusufpur (15 km) in August 2017, Ghazipur City-Shahbajkuli (12 km) and Kadipur-Sarnath (8 km) in November 2017, Aunrihar-Rajwadi (11 km) and Yusufpur-Dondadih (9 km) in December 2017, Sagarpalli-Dondadih (28 km) and Kadipur-Sarnath (6 km) in February 2018 and Ballia-Jhusi (9 km) in March 2018.

3.4.4.2    Utraitia-Janghai RE: During the year, 46 km of project length was completed. Badshahpur-Dandupur (13 km) was completed in July 2017 and Janghai-Bashahpur&Gauriganj-Prithiganj (33 km) in November 2017.

3.4.4.3    Jakhal-Hisar RE: During the year, 81 km of project length was completed. Hisar-Dhansu (20 km) was completed in May-17, Dhansu-Barwala (20 km) in June 2017, Baraka- Gujuwala (20 km) in September 2017, Gujuwla-Kudni Halt (16 km) in December 2017 and Kind Halt- Jackal (5 km) in February 2018.

3.4.4.4    Jakhal-Dhuri-Ludhiana RE: During the year, 53 km of project length was completed. Ludhiana-Ahmedgarh (26 km) was completed in December 2017 and Rochelle-Gallup-KUP (10 km), Kup-Malerkotla (10 km) & Malerkotla-Himtana (7 km) in March 2018.

3.4.4.5    Rani-Palanpur RE: During the year, 47 km of project length was completed. Palanpur-Sarotra

3.4.3.6    Banspani-Daitari-Tomka-Jakhapura Doubling: During the year, 20.97 km of project length was completed. Naranpur-Basantpur (9.02 km) was completed in December 2017 and Sitabinj-Basantpur (11.95 km) in March 2018.

3.4.3.7    Bison - Jhansi Doubling with RE:

During the year, 29.44 km of project length was completed. Parauna-Ait (10.94 km) was completed in April 2017, PTSC-Chignon (6.83 km) in December 2017 and Bhua-Orai (11.67 km) in March 2018.

3.4.3.8    Swaroopganj-Abu Road-Patch doubling:

During the year, Kivarli-Morthala (5.87 km) was completed in November 2017.

3.4.3.9    Raichur-Guntakal Doubling: During the year, Manthralayam Road-Mammary (10.15 km) was completed in May 2017, thus completing the project.

3.4.3.10    Vijaywada-Gudivada-Bhimavaram-Narasapur, Gudivada-Machlipatnam and Bhimavaram-Nidadavolu (221 km)-Doubling with electrification: During the year, Mandavalli-Kaikaluru (7.11 km) was completed in April 2017.

3.4.3.11    Goelkera-Monoharpur-3rd line: During the year, Goelkera-Posoita (15.9 km) was completed in March 2018, thus completing the project.

3.4.3.12    Raipur-Titlagarh Doubling: During the year, Bagbahara-Komaikhan (11.0 km) was completed in September 2017.

3.4.3.13    Palanpur-Samakhiali: During the year, 45.86 km of project length was completed. Bhildi-Jasali-Dhankawada-Deodhar (28.1 km) and Kidiyanagar-Chitrod-Shivlakha (17.76 km) were completed in February 2018.

3.4.3.14    Bhopal-Binna 3rd Line: During the year, Habibganj-Bhopal (5.93 km) was completed in March 2018, thus completing the project.

3.4.3.15    Habibganj-Barkhera (3rd line): During the year, Habibganj-Misrod (6.11 km) was

March 2018.

3.6.2 Secunderabad- Up gradation of facilities at Centralized Training Academy for Railway Accounts: Up gradation of facilities at Centralized Training Academy for Railway Accounts (C-TARA) was completed in March

2018.

3.7    Project Completed under MTP Plan Head:

To strengthen the MMTS Services in Twin cities of Hyderabad - Secunderabad, different works of extension, doubling, quadrupling, electrification etc., covering total 84 km has been sanctioned in 2012-13 at a cost of Rs, 816.55 core, to be shared with the Government of Telangana at a ratio 1:2 (Margot’s).

During the year, 42 km of Metropolitan Transport Project was completed, details are given below:

3.7.1 Hyderabad-Secunderabad - Multi modal transport system (Phase-ll): During the year, Telapur-Ramachandrapuram (5.25 km) was completed in January 2018, Bollarum-Medchal (12.35 km) and Molalla 'C'-Ghatkesar (Quadrupling)- 24.4 km were completed in February 2018, thus completing 42 km of project length.

3.8    Projects Fully Commissioned and Handed Over to Railways:

Out of 65 projects completed so far, 60 projects have been fully commissioned and handed over to Railways for operations and maintenance.

Road (24 km) was completed in April 2017, Sartre Road-Naval (10 km) in May 2017, Maval-Amirgarh (5 km) in August 2017 and Abu Road-Naval (8 km) in December2017.

3.4.4.6    Guntakal-Kalluru RE: During the year, 18 km of project length was completed. Guntakal-Gulpalayamu (11 km) was completed in September 2017 and Kalluru-Khaderpet (7 km) in Feburary2018.

3.4.4.7    MMTS Phase -II RE: During the year, 42 km of project length was completed. Ramchandra-Telapur (6 km) was completed in May 2017, Malkagiri-Bolaram (14 km) in June17, Boalram-Gundala Pochampalli (10 km) in August 2017, Gundala Pochampalli-Medchal (5 km) in October 2017 and Cherelapally-Ghatkesar (7 km) in January 2018.

3.5    Workshop projects completed: During the year, 1 workshops project was completed, the details of which are as under:

3.5.1    Bahraini - 250 High Horse Power Loco Shed: Bahraini - 250 High Horse Power Loco Shed was completed on 31.10.2017.

3.6    Other projects completed: During the year, 2 projects under Plan Head RSW & TRG were completed, the details of which areas under:

3.6.1    Srirangam-Tiruchchirapalli Town-4-lane road over bridge in lieu of 2- lane bridge No. 380-A: A 4-lane Road Over Bridge between Srirangam-Tiruchchirapalli Town was completed in

The list of 49 projects commissioned till March 2017 is as under:

S.

No.

Railway

Project Name

Type of Project

Length

(km)

1.

Central Railway (CR)

Diva - Kalian 5th & 6th Line

Doubling

11

2.

Central Railway

Penki - Mohole Doubling

Doubling

17

3.

Central Railway

Panel - Asia JNPT Doubling

Doubling

28.5

4.

Central Railway

Penki - Sholapur Doubling

Doubling

16.28

5.

Eastern Railway (ER)

Guru - Saktigarh Exton of 3rd Line

Doubling

26

 

s.

No.

Railway

Project Name

Type of Project

Length

(km)

6.

East Central Railway (ECR)

Bahraini -Titrate Bypass Doubling

Doubling

8.3

7.

East Coast Railway (Ector)

Talc her-Cuttack-Para deep Doubling with 2nd Bridge on Rivers Birwa & Mahanadi

Doubling

3

8.

East Coast Railway

Cuttack - Baring Doubling

Doubling

14.3

9.

East Coast Railway

Jakhapura- Haridaspur 3rd Line

Doubling

23.3

10.

North Central Railway (NCR)

Pawl - Bhuteswar 3rd Line

Doubling

81

11.

North Central Railway (NCR)

Aligarh - Ghaziabad 3rd Line

Doubling

106.1

12.

North Western Railway (NWR)

Banat Kit Kathy - Luna Doubling

Doubling

30.3

13.

Southern Railway (SR)

Attipattu - Korukkupet 3rd Line

Doubling

18

14.

Southern Railway

Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line

Doubling

41.89

15.

Southern Railway

Tiruvallur - Arakkonam 4th Line

Doubling

28

16.

South Central Railway(SCR)

Pullampet - Balapalle Ph I of Gouty - Renigunta Doubling

Doubling

41

17.

South Central Railway

Krishnapatnam - Venkatachalam Doubling With RE

Doubling

16.5

18.

South Central Railway

Gouty - Renigunta Patch Doubling

Doubling

151

19.

South Eastern Railway (SER)

Pascua - Kharagpur 3rd Line

Doubling

45

20.

South Eastern Railway

Pascua - Halide Ph 1 Doubling

Doubling

14

21.

South Eastern Railway

Rajgoda-Tamluk (Jn. Cabin) Doubling

Doubling

13.5

22.

South Eastern Railway

Tikiapara - Santragachi Doubling

Doubling

5.6

23.

South Eastern Railway

Talmud Jn. Cabin - Basely Stamata Doubling

Doubling

24.23

24.

South East Central Railway (SECR)

Ballarpur - Ursula 3rd Line Doubling

Doubling

105

25.

South Western Railway (SWR)

Hope - Guntakal Doubling

Doubling

115

26.

North Western Railway (NWR)

Delhi - Reward Gauge Conversion

GC

94.2

27.

North Western Railway

Ajmer - Cholera - Rings -Reward Gauge Conversion

GC

295

28.

North Western Railway

Bhili - Samara Gauge Conversion

GC

223

29.

Southern Railway (SR)

Thanjavur - Villupuram Gauge Conversion

GC

192

30.

Southern Railway

Cuddlier-Salem Gauge Conversion

GC

193

 

s.

No.

Railway

Project Name

Type of Project

Length

(km)

31.

South Western Railway (SWR)

Arasikere-Hassan-Mangalore Gauge Conversion

GC

230

32.

Western Railway (WR)

Bharuch - Samni - Dahej Gauge Conversion

GC

62

33.

Western Railway

Gandhidham - Palanpur Gauge Conversion

GC

301

34.

East Coast Railway

Daitari - Banspani New Line

NL

155

35.

Southern Railway (SR)

Vallarpadam - Idapally New Line

NL

9

36.

Railway Electrification (RE)

Tomka -Banspani - RE

RE

144

37.

Railway Electrification

Kharagpur (Nimpura) - Bhubaneswar Including Branch Line ofTalcher - Cuttack - Paradeep

RE

581

38.

Railway Electrification

Bhubaneswar - Kottavalasa

RE

417

39.

Railway Electrification

Reningunta - Guntakal RE

RE

308

40.

Railway Electrification

Bharuch - Samni - Dahej RE

RE

64

41.

Railway Electrification

Daund-Manmad Incl. Puntamba- Shirdi - RE

RE

255

42.

Railway Electrification

Yelahanka - Dharmavaram - Gooty RE

RE

306

43.

Eastern Railway (ER)

Civil Engineering Works In Connection With Diesel Loco Component Factory, Dankuni

WKSP

 

44.

Eastern Railway

Dankuni - Setting Up of Electric Loco Assembly And Ancillary Unit of CLW

WKSP

-

45.

South Eastern Railway (SER)

Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sankrail / Haldia

WKSP

 

46.

DLW

Varanasi - Augmentation of Production Capacity from 200 To 250 HighHP Locos Per Year

WKSP

 

47.

South Central Railway (SCR)

Workshop for Manufacture of Flat Bogies for LHB Design Coaches, Yadgir

WKSP

-

48.

Eastern Railway (ER)

Barddhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213

ROB

 

49.

NWR

IOC Siding At Salawas (Deposit Work)

Others

2.82

The list of 11 projects commissioned in 2017-18 is as under.

S.

No.

Railway

Project Name

Type of Project

Length

(km)

1.

East Coast Railway

Rajatgarh-Barang - 3rd line

Doubling

31.3

2.

North Western Railway

Rani-Keshav Ganj Doubling

Doubling

59.5

3.

Southern Railway

Villipuram-Dindigul Doubling

Doubling

273

4.

Southern Railway

Thanjavur-Ponmalai - Doubling

Doubling

46.96

5.

South Central Railway

Raichur - Guntakal Doubling

Doubling

81.0

6.

South East Central Railway

Salka Road- Khongsara Patch Doubling

Doubling

26

7.

Railway Electrification

Manheru- Hisar (74 km)

RE

74.0

8.

Railway Electrification

Jakhal - Hisar (79 km)

RE

80.0

9.

East Central Railway

Barauni - 250 High Horse Power Loco Shed

WKSP

-

10.

Southern Railway

Srirangam-Tiruchchirapalli Town -4-lane road over bridge in lieu of 2 - lane bridge No.380-A

ROB

 

11.

South Central Railway

Secunderabad- Upgradation of facilities at Centralised Training Academy for Railway Accounts

OSW

 

Doubling and 604.97 km of Railway Electrification

and handed over to Zonal Railways for operations, the details are given below:

3.9 Sections of Projects Commissioned and handed over to Railways in 2017-18:

In 2017-18,1022 km sections were commissioned consisting of 17 km of New Line, 400.03 km of

S.

No.

Name of the Project

Block Section

Length

(km)

Total

(km)

Zonal

Railway

Plan Head: New Line

1.

Dallirajhara-Rowghat (90 km) {Part of Dallirajhara-Jagdalpur (235 km)}

Gudum-

Bhanupratapur

17

17

SECR

 

s.

No.

Name of the Project

Block Section

Length

(km)

Total

(km)

Zonal

Railway

Plan Head: Doubling

2.

Daund-Gulbarga - Doubling (224.9 km)

Tilati-Akalkot Road

13.88

13.88

CR

3.

Khurda-Barang - 3rd line

Bhubaneswar New -Mancheswar

6.63

6.63

ECoR

4.

Rajatgarh-Barang

Chudanga Garh Block Cabin -Bhubaneswar New

6.04

6.04

ECoR

5.

Sambalpur-Titlagarh (182 km)

Hirakud-Godbhaga

9.52

24.74

ECoR

Godbhaga-Attabira-

Suktapalli

15.22

6.

Banspani-Daitari-Tomka-Jakhapura (180 km)

Projanpur-Goaldih-

Keonjhar-Naranpur

25.83

57.92

ECoR

Sitabinj-

Nilakantheswar-

Harichandanpur-

Chilikidara

32.09

7.

Raipur-Titlagarh (203 km)

Titlagarh-Kantabanji

31.67

49.67

ECoR

Arand-Mahasamund-

Belsonda

18

8.

Swaroopganj-Abu Road -Patch doubling (25.36 km)

Swaroopganj -Bhimana

8.59

8.59

NWR

9.

Rani-Keshav Ganj (59.5 km)

Rani-Khimel-Mori Bera

40.16

40.16

NWR

10.

Rewari-Manheru (69.02 km) with RE

Kosli-Jharli

14.5

14.5

NWR

11.

Villupuram-Dindigul Doubling

Tamaraipadi-

Kalpattichatram

25.44

68.46

SR

Kalpattichatram-

Manaparai

22.47

Valadi-Ponmalai

17.71

Ponmalai-

Tiruchchirappalli

2.84

 

s.

No.

Name of the Project

Block Section

Length

(km)

Total

(km)

Zonal

Railway

Plan Head: Doubling

12.

Thanjavur-Ponmalai doubling

GOC-Solgampatti

18

46.75

SR

   

Solgampatti-Thanjavur

28.75

   

13.

Salka Road-Anuppur

Tenganmada-

Khongsara

8.30

8.30

SECR

14.

Hospet-Hubli-Londa-Tinaighat-Vasco da Gama (352.28 km)

Shivthan-Londa-

Tinaigaht

16.45

45.25

SWR

   

Bhanapur-Koppal

12.23

   
   

Hebsur-Navalgund-

Annigeri

16.57

   

15.

Bhopal-Bina - 3rd line (143 km)

Sanchi-Vidisha

9.14

9.14

WCR

 

Total:

 

400.03

400.03

 

Plan Head: Railway Electrification

16.

Chhapra - Ballia - Ghazipur -Varanasi - Allahabad RE

Ballia (in.)-Sarnath (in.)

131.3

131.3

NER

17.

Pune-Wadi-Guntakal RE

Gulbarga (Incl.)-Wadi (Excl.)

36.38

171.96

CR&

SCR

   

Guntakal-Raichur-

Chiksugur

135.58

   

18.

Amla-Chindawara-Kalumna RE

Parasia (Incl.)-Chhindwada (Excl.)

30

63.34

SECR

   

Chhindawada -Bhandarkund

33.34

   

19.

Jakhal - Hisar (79 km)

Jakhal - Hisar

79.86

79.86

NR

20.

Manheru - Hissar (74 rkm)

Manheru - Hissar

74

74

NWR

21.

Rewari-Manheru (69.02 km) with RE

Rewari-Manheru

27.2

27.2

NWR

22.

Raipur-Titlagarh RE

Titlagarh-Kantabanji-Turekela Road

44.62

44.62

ECOR

23.

MMTS Phase-ll

MMTS

12.69

12.69

SCR

 

Total:

604.97

604.97

 

3.10 Signaling and Telecommunication

The Company has achieved commendable success in commissioning of Signaling work associated with doubling, 3rd line, Intermediate block signaling, Railway Electrification, interlocking of mid-section Level crossings and yard re-modeling. The Company has executed 100 Nos. of no interlocking of stations for commissioning of works, which is the highest till date. During 2017-18, RVNL has commissioned 56 new Electronic Interlocking & 3 new Panel Interlocking & executed alterations in existing 20 Ells, and 21 existing panel interlocked stations. Project wise 60 stations

of 3rd line/ doubling projects, 25 stations of Railway Electrification projects, 30 Midsection Interlocking of level crossing gates and 15 IBS/Auto signals were commissioned. Company has also been able to successfully commission Telecom work involving laying of Optical Fiber cable and 6 quad cable of a total of 520 km.

3.11 Projects under implementation:

There are 94 projects under various stages of implementation by RVNL.

3.11.1 The details of 84 projects assigned to RVNL till March 2017 and which are under implementation areas under:

S. No.

Railway

Name of Project

Plan Head

1.

CR & SCR

Daunt-Gulbarga - Doubling (224.9 km) and Pune-Guntakal -Electrification (641.37 km)

Doubling

2.

ER

Nabadwipghat-Nabadwipdham up to BB loop (9.58 km) {Part of Kalinarayanpur-Krishnanagarwith Krishnanagar-Shantipur Nabadwipghat- GC, Krishnanagar-Chartala, MM for Krishnan agar Chakra-NL, Naihati-Ranaghat-3rd line, Nabadwipghat-Nabadwipdham up to BB loop (9.58 km), Ranaghat-Lalgolastrengthening (bridge No.2)}

Doubling

3.

ECR

Patratu-Sonnagar 3rd Line

Doubling

4.

EMCOR

Sambalpur-Titlagarh (182 km)

Doubling

5.

EMCOR

Raipur-Titlagarh (203 km), inch new line Mandir Hasaud-Naya Raipur (20 km) and new MM for conversion of Raipur (Kendri)-Dhamtari &Abhanpur-Rajim branch (67.20 km)

Doubling

6.

EMCOR

Banspani-Daitari-Tomka-Jakhapura (180 km)

Doubling

7.

EMCOR

Vizianagaram-Sambhalpur (Titlagarh) 3rd line

Doubling

8.

NR

New Delhi-Tikal Bridge - 5th & 6th line (2.65 km)

Doubling

9.

NR

Utraitia-Raebareli (65.6 km)

Doubling

10.

NR

Raebareli-Amethi (60.1 km)

Doubling

11.

NCR

Bison-Jhansi (206 km) with RE

Doubling

12.

NCR

Mathura-Jhansi 3rd line

Doubling

 

S. No.

Railway

Name of Project

Plan Head

13.

NER

Varanasi-Madhosingh-Allahabad

DoubI

ng

14.

NWR

Abu Road-Sartre Road - Patch doubling (23.12 km)

DoubI

ng

15.

NWR

Sartre Road-Kermode - Patch doubling (23.59 km)

DoubI

ng

16.

NWR

Swaroopganj-Abu Road - Patch doubling (25.36 km)

DoubI

ng

17.

SR

Madurai-Mariachi-Tuticorin Doubling with RE (159 km)

DoubI

ng

18.

SR

Mariachi - Nagarcoil Doubling with RE (102 km)

DoubI

ng

19.

SCR

Guntur-Denali - Doubling with electrification (24.38 km)

DoubI

ng

20.

SCR

Vijaywada-Gudivada- Bhimavaram-Narasapur, Gudivada-Machlipatnam and Bhimavaram-Nidadavolu (221 km) -Doubling with electrification

DoubI

ng

21.

SCR

Secunderabad (Falaknuma)-Mehbubnagar doubling

DoubI

ng

22.

SCR

Vijayawada-Gudur 3rd line

DoubI

ng

23.

SECR

Khodri-Anuppur, with flyover at Ballarpur (61.6 km)

DoubI

ng

24.

SER

Kharagpur (Nimpura)-Adityapur3rd line (132 km)

DoubI

ng

25.

SWR

Hoped-Hubble-Linda-Tonight-Vasco da Gama (352.28 km)

DoubI

ng

26.

WR

Palanpur-Samakhiali (274.73 km)

DoubI

ng

27.

WCR

Binna-Kota (282.66 km) with RE

DoubI

ng

28.

WCR

Barkhera-Habibganj - 3rd line (41.420 km)

DoubI

ng

29.

WCR

Budni-Barkhera - 3rd line (33 km)

DoubI

ng

30.

WCR

Itarsi-Budni - 3rd line (25.090 km)

DoubI

ng

31.

NER

Lucknow-Pilibhit via Sitapur, Lakhimpur (262.76 km)

Gauge

Conversion

32.

WR

Ahmedabad-Booted (170.48 km)

Gauge

Conversion

33.

WR

Dhasa-Jetalsar (104.44 km)

Gauge

Conversion

34.

CR

Digit Port-Rocha (33.76 km)

New Line

35.

ECR

Fatuah-lslampur incl. material modification for extension of new line from Nora to Dania wan; Dania wan to Bihar Sharif; Bihar Sharif to Brigham; Brigham to Sheikhpura

New Line

36.

ER

Dankuni-Furfura Sharif NL {Part of Liluah-Dankuni -3rd line (10.13 km) with extension to Furfure Sharif}

New Line

37.

EMCOR

Haridaspur-Paradeep (82 km)

New Line

38.

EMCOR

Angul-Sukinda Road (98.7 km)

New Line

 

S. No.

Railway

Name of Project

Plan Head

39.

NR

Rishikesh-Karnaprayag (125.09 km)

New Line

40.

NR

Bhanupalli-Bilaspur-Beri (63.1 km)

New Line

41.

NER

Mau-Ghazipur-Tarighat New Line

New Line

42.

SCR

Obulavaripalle-Krishnapattnam (113 km)

New Line

43.

SECR

Dallirajhara-Rowghat (90 km) {Part of Dallirajhara-Jagdalpur (235 km)}

New Line

44.

RE

Raipur-Titlagarh (203 ram) {Part ofVizianagaram - Ravaged -Titlagarh - Raipur (465 ram)}

RE

45.

RE

Jackal - Dura - Ludhiana (123 km)

RE

46.

RE

Rampur - Dura - Lehar Moabite (151 km)

RE

47.

RE

Utraitia - Rae Bareli - Amati - Mangham RE (214 ram)

RE

48.

RE

Chakra-Billie-Ghazipur-Varanasi-Allahabad (330 ram)

RE

49.

RE

RaninagarJalpaigudi-New Bongaigaon - Guwahati (Inca) RE (382 ram) (Part of Bahraini - Katha - Guwahati Incl. Katha - Borzoi (836 km) RE

RE

50.

RE

Rani-Palanpur 166 ram {Part of Delhi Sara Rochelle - Reward -Palanpur - Ahmedabad, incl. Karol - Gandhinagar-Khodiyar and Altar-Bandicoot-Jaipur-Cholera (1087km)}

RE

51.

RE

Guntakal - Bellary - Hoped incl. Tornagallu - Ranjitpura Branch Line (138 ram)

RE

52.

RE

Guntakal-Kalluru (40 ram)

RE

53.

RE

Alma - Chinaware - Alumna (257 ram)

RE

54.

RE

Hospet - Hubli - Vasco da Gama (346 ram)

RE

55.

RE

Yalahanka-Penukonda (120.55 km)-Doubling

RE

56.

RE

Wane- Pimpalkutti RE

RE

57.

RE

Daund-Baramati RE

RE

58.

RE

Kalgan-Bareilly-Bhojpuri-Dalian RE

RE

59.

RE

Villupuram-Cuddalore Port-Mayiladuturai- Thanjavur & Mayiladuturai- Thiruvarur RE

RE

60.

RE

Chikjajur-Bellary RE

RE

61.

RE

Bengaluru-OmalurVia Horus RE

RE

62.

RE

Guan-Gwalior RE

RE

63.

ECR

Bahraini - New Loco Shed to Home 100 Electric Locos

WKSP

 

S. No.

Railway

Name of Project

Plan Head

64.

ECR

Gaya-Setting up of New Memo Car Shed for Maintaining 30 Rakes of 16 Coaches

WKSP

65.

EMCOR

Vadlapudi - Wagon Pooh Workshop Of 200 No’s Capacity Near Divide Station

WKSP

66.

NCR

Kanpur-Construction of Memo Car Shed

WKSP

67.

NER

Anuria - Demo Shed

WKSP

68.

SCR

Kazipet - Workshop for Wagon Periodical Overhauling

WKSP

69.

WCR

Micro-Setting up of Workshop for Repair/Rehabilitation of Motorized Bogies of Electric Rolling Stock

WKSP

70.

WR

Vadodara - Setting up of New Pooh Shop for Electrical Locos

WKSP

71.

ER

Samudragarh-Nabadwipdham - Road over bridge in lieu of level crossing No.14

RSW

72.

NCR

Paman-Bhimsen - New B-class station

TFC

73.

NCR

Jhansi-Garhmau, Oral-Ata, Ata-Kalpak & Pokhrayan-Lalpur -Splitting of longer block sections

TFC

74.

NWR

Madder - Palanpur - Removing of PSR (KS 589/1 to 590/1)

TR

75.

SR

Manamadurai-Rameswaram - Reply of Full Scherer Lift Span (Bridge No. 346) (Pemba Viaduct)

BRGW

76.

SCR

Modula Ali - Setting up of Indian Railway Institute of Finance Management

TRG

77.

SECR

Direct Power Supply from Central Generating Agencies

OEW

78.

WCR

Provision of Addl. Traction Substation at Bodhi

TRD

79.

MET

Baranagar-Barrackpore & Dakshineswar - Construction of Metro Railway (14.5 km)

MTP

80.

MET

Dum Dum Airport-New Garcia via Rajerhat - Construction of Metro Railway (32 km)

MTP

81.

MET

Napata (Ex.)-Barangay (2.6 km) {Part of Dumdum-Barangay Metro Railway sanctioned as MM to Dumdum-New Gaia Metro Railway vide letter No. 96/Prodi/C/5/1/Pt. Dated 30.10.09}

MTP

82.

MET

Joka-Binoy Badal Dinesh Bag via Martha - Construction of Metro railway (16.72 km) inch material modification for extension from Joke Diamond Park (Phase-)

MTP

83

SCR

Multi-Modal Transport System (MMTS) - Phase-ll in Hyderabad

MTP

84

SCR

Ghatkesar-Raigir (Yadadri)-Extension of multi modal transportation system Phase-ll

MTP

 

S. No

, Railway

Name of Project

Plan Head

1.

NR

Rajpura-Bhatinda Doubling with Electrification (172.64 km)

Doubling

2.

ECR

Sandspur Bhatia- Setting up of Electric Loco Shed to home 200 Locos

WKSP

3.

SCR

Lallaguda (Carriage Workshop)- Replacement of 100 Year Old Administrative Building

OSW

4.

SCR

New Crossing Station Between Umdanagar-Timmarpur Stations of Secunderabad-Mahabubnagar Section

TFC

5.

NR

Final Location Survey For New Line Connectivity To Char Dam (327 km)

FLS

6.

WR

Dhaka-Jetalsar-Subways in lieu of Level Crossing-35 Nos.

RSW

7.

WR

Sabarmati-Booted-Subways in lieu of Level Crossings-23 Nos.

RSW

8.

WR

Sabarmati-Booted-Subways in lieu of Lcs-14 Nos.

RSW

9.

NER

Setting Up of Centralized Training Institute For IRSME & IRSS Officers at Luck now

TRG

10.

NER

Darian - Rebuilding (Bridge No.111 On Ganga)

BRGW

3.11.3 The details of 8 projects returned to Railways in 2017-18 are as under:

S. No.

Railway

Name of Project

Plan Head

1.

RE

Ghazipur - Anuria - Manduadih (78 ram)

RE

2.

CR

Augmentation of Administrative / Office Infrastructure, Sholapur Division, Gulbarga

OSW

3.

RE

Ballia-Ghazipur City RE

RE

4.

RE

Guwahati-Dibrugarh Via Tinsukia And Simaluguri-Dibrugarh RE

RE

5.

RE

New Bongaigaon-Goalpara-Kamakhya RE

RE

6.

RE

Raninagar Jalpaigudi-Samuktala Road 2nd Line

RE

7.

RE

Gadag-Hotgi RE

RE

8.

RE

Chikvanavar-Hubli RE

RE

 

3.11.2 The list of 10 projects assigned to RVNL in 2017-18 is as under:

 

1.

NWR

Cholera- Broad Gauge Diesel Locomotive Shed

WKSP

2.

SER

Kharagpur Workshop - Setting up of center of Excellence for Wagon Prototyping

WKSP

3.

SER

Amara (Aura) Setting up of Mid-Life Rehabilitation Workshop for Coaches

WKSP

3.11.4 The details of 3 projects, which were earlier frozen and now have been deleted from Pink Book are as under:

3.12    Projects yet to be Sanctioned (included in Pink Book):

(I) Bhadrak-Vizianagaram 3rd Line (385 km)

(ii)    Khijadiya-VisavadarGC (91.27 km)

(iii)    Junagarh-VisavadarGC (42.28 km)

(iv)    Veraval-Talala-Visavadar GC (71.95 km)

(v)    New Bongaigaon-Agthori Via Rangie 2nd Line RE (143 ram)

Total 733.5 km project length is yet to be sanctioned.

3.13    Projects deleted from the list of Projects with RVNL:

The following projects which were assigned to RVNL but they are not appearing in Pink Book of Railways have been deleted from the list of projects in hand:

(I) Connectivity to Rewash Port

(ii)    Seurat - Hahira New Line (36.36 km)

(iii)    Rail Connectivity to Vizhinjam International Seaport Limited (VISL) - 15km

3.14    Kolkata Metro Projects:

3.14.1 Four major projects for extension of Kolkata Metro were transferred to RVNL in March 2010viz.

-    Joke-BBD Bag via Martha (16.72 km)

-    Dum Dum Airport-New Gaia via Raja hat (32 km)

-    Baranagar-Barrackpore & Dakshineswar (14.5 km)

- Niagara(Ex.)-Barangay(2.6km)

3.14.2    RVNL was entrusted to build Metro corridors of about 62 km in Kolkata without any survey of underground utilities and without making any DPR (Detailed Project Report). DPR is a prerequisite for planning of Metro corridors in urban areas. For constructing Metro corridors, that too in a congested and unplanned city requires a lot of meticulous planning for identification and removal of impediments. The ease of doing construction for infrastructure project is not there in West Bengal. The situation gets aggravated further when the corridor passes through the places which are occupied by encroachers, hawkers and law and order problems, etc. The land acquisition in Kolkata/West Bengal poses a big problem causing delayed construction of Metro corridors. RVNL has taken all possible action for implementation and early commissioning of Metro projects.

3.14.3    The foundation stone for Joke-BBD Bag project was laid by Her Excellency, President of India on 22.1.2010. Subsequently, 2 packages for viaduct and 2 packages for stations were awarded in December 2010 and April 2012 respectively. The entire Metro corridor has been planned in 2 phases i.e. in 1st phase from Joke to Martha elevated section and in the 2nd phase from Mominpur to BBD Bag as underground section, originally sanctioned as elevated one. Due to delay in been awarded on 21.10.2011. Survey and geotechnical work have been completed. 5921 working piles, 748 pile caps, 736 piers, 646 pier caps and 5651 segments have been cast and 4055 segments have been launched. About 16 km viaduct has been completed. The contracts for 21 stations (3 packages) were awarded on 5.3.2014. Out of 21 stations, one station land (Techno polis Metro station) is yet to be handed over due to Stay Order by the Court. For construction of stations, 4577 piles, 473 pile caps 668 piers have been cast. The project got delayed because of land acquisition problem at Gaia. Change of alignment proposed by State Government where unauthorized buildings were constructed after the Gazette Notification and some other impediments were shifting of markets, traffic guard, road diversion, raising of 220 KV overhead line, removal of encroachments, etc. The alignment from City Centre-ll to Airport is yet to be approved by State Government.

3.14.6 For Baranagar-Barrackpore & Dakshineswar and Noapara-Baranagar, the work has been planned in 2 parts i.e. Noapara-Baranagar-Dakshineswar and in the second part from Baranagar-Barrackpore. From Niagara to Dakshineswar, the work is going in full swing and the section is likely to be completed and commissioned in 2019-20. Last phase of removal of encroachments was completed by the State Government on 14.02.2018after persuasion of 07 years. For Baranagar-Barrackpore Metro corridor, an Moue was signed between State Government, Metro Railway and RVNL in October 2011 where it was decided that RVNL shall continue the work of Metro viaduct construction on BT Road after commissioning of 64” pipeline under the BT Road with the closure of 60” and 42” diameter pipelines.

obtaining permission of Defense for construction of the Metro underground portion, no work has commenced in Mominpurto BBD Bag corridor. In fact, for construction of Mominpur station, permission from Army HQ has been received on

19.4.2017. Initially, the entire corridor i.e. from Mominpurto BBD Bag was sanctioned as elevated and for execution of the underground portion, material modification has been submitted to Railways which is yet to be sanctioned by Ministry of Railways.

3.14.4 The Metro corridor from Joke to Martha (Phase-I) has made substantial progress. In fact, right from Joke Depot to Tarantula (8.80 km), there is absolutely no discontinuity. Construction of stations has also progressed well. 3 station structures have already been completed. Since this is a standalone system, a Maintenance Depot over a land of 24.48 hectares is a pre-requisite. Due to non-availability of land, the tender for the depot was discharged in February 2013. At present, land to the extent of 65% in Kolkata city has been acquired and detailed estimate for the depot has been sanctioned. Some of the following impediments like encroachments at Behalf Bazar, behalf Chow Rasta and Martha still exist. Another impediment namely, Rehabilitation India building has been dismantled and the piling work has been completed. For execution of work in front of the Mint, permission has been received from Ministry of Finance and subsequently site for about 300 m out of the total length of 400 m has been handed over by local Mint authority. The section can be commissioned only after Joke Depot land and 500 sq. at Martha Station land are made available.

3.14.5. The contracts for viaduct portion between New Gaia to Raindrop Tithe section of Dumdum Airport-New Gaia project in 4 packages have

3.16    ADB funded projects:

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

-    Raipur-Titlagarh doubling

-    Sambalpur-Titlagarh doubling

-    Hospet-Tinaighat doubling

-    Daund-Gulbargadoubling

-    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 MFFfor an amount of $ 150 million was signed in July 2012 and the loan agreement for second Tranche (Loan No. 3108-IND) of this MFFfor an amount of $ 130 million was signed in February 2014. Project Agreement & Loan Agreement against ADB loan No. 3623-IND (Railway Sector Investment Program- Tranche III) have been signed on 16.3.2018.

During 2017-18, an amount of '230.18 core equivalents $ 35.90 million has been disbursed by ADB.

3.17    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 up to 3 contract packages. This approach has a number of advantages such as:

The work of new pipeline has been commissioned but RVNL has not been able to start the work due to non-compliance of provisions of tripartite Moue by the State Government. State Government vide letter dated 3.5.2018 has proposed for change of alignment i.e. through Kalian Expressway. Ministry of Railways (CRB) has communicated to Chief Secretary, Gob that under such situation, it will become a new project needing fresh sanction.

3.14.7 Despite having a lot of impediments, problems related to encroachments, delay in shifting of utilities by the State Government etc., the work has progressed well as indicated below:

(I) Joka-Majerhat: 8.80 km of viaduct in a continuous stretch from Joke Depot has been completed. Major structures and stations have been completed at Joke, Thakurpukur and Shaker Bazar and remaining works are in progress.

(ii)    New Garia-Kavi Subhash-Biman Bandar: 16.75 km viaduct completed, 85% substructures, 72% piers have been completed, out of 21.56 km length, 85% substructures and 85% of columns and 45% Track slab have been completed for 20 stations.

(iii)    Noapara-Baranaqar-Dakshineswar: 1.613 km viaduct & embankment has been completed, 1.90 km Bulgaria Expressway diversion work has been completed, Dakshineswar station work 90% and Barangay station work 66% completed. Last leg of encroachments removed in February 2018.

3.15 Accidents

During 2017-18, no accident was reported from any of the project sites of RVNL.

(km: 211.225 to 300.000 = 88.775 km) -Construction of Road bed, Important, Major & Minor Bridges, RUBs, Platforms, Buildings, Supply of ballast, Supply and Installation of track (excluding supply of rails and track sleepers), Electrical (General Electrification), Provision of OHE, Signaling and Telecommunication works in Vijayawada Division of South Central Railway, Andhra Pradesh. (Rs, 830.59 core)

-    Package-1: Provision of Third line between Gudrun JN. (Incl.) to Bitragunta (Incl.) stations (134.00 to 211.225 = 77.225 km) -Construction of Road bed, Important, Major & Minor Bridges, RUBs, Platforms, Buildings, Supply of ballast, Supply and Installation of track (excluding supply of rails and track sleepers), Electrical (General Electrification), Provision of OHE, Signaling and Telecommunication works in Vijayawada Division of South Central Railway, Andhra Pradesh. (Rs, 804.06 core)

-    Package 1 : Construction of Roadbed, Major (Except Important and Major Steel Girder) & Minor bridges, Track Linking (excluding supply of rails and main line PSC sleepers), Civil Engineering work, S&T work (Automatic Signaling and TPWS on MTJ-AJC and IBS on AGC-DHO section) including modification in MTJ RRI &TPWS on existing lines, OHE, TSS & General Electrical works in connection with 3rd Line between (km 1396.733) Mathura and (km 1289/0) Sholapur Station (Including) on Agra Division of North Central Railway in the States of Uttar Pradesh & Rajasthan, India (Rs, 749.33 core)

-    Package 2: Construction of Roadbed, Major (Except Important and Major Steel Girder) &

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

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 2017-18, contracts worth approximately

Rs, 7853.35 cores were awarded.

The following major contracts were awarded by the

Company during the year:

-    Package-3: Provision of Third line between Karaganda (Excel) and Krishna Canal Jn. (Incl.) stations (km: 300.00 - 425.00 = 125.00 km) -Construction of Road bed, Important, Major & Minor Bridges, RUBs, Platforms, Buildings, Supply of ballast, Supply and Installation of track (excluding supply of rails and track sleepers), Electrical (General Electrification), Provision of OHE, signaling and Telecommunication works in Vijayawada Division of South Central Railway, Andhra Pradesh. (Rs, 1016.47 core)

-    Package-2: Provision of Third line between Bitragunta (Excel) and Karaganda (Inca) stations

(excluding supply of rails, thick web switches & ordinary PSC sleepers), Electrical (Railway Electrification and General Electrification), signaling and Telecommunication works in Kharagpur Divisions of South Eastern Railway, West Bengal and Jharkhand, India (Rs, 462.00 core)

-    Construction of 3rd Line track between Lanjigarh Road (ex) - Bissau Cuttack (ex.) and Bissau Cuttack (in)-Ravaged (in) -Construction of roadbed, bridges, supply of ballast, Installation of track (excluding supply of rails, BG Main line sleepers), Electrical (Railway Electrification and General Electrification), signaling and Telecommunication works in Jabalpur & Walt air Divisions of East Coast Railway, Odessa , India in 2 (two) Packages, for Package - 3 "between Lanjigarh Road (km 250.4) (ex) - Bissau Cuttack (km 304.80) (ex)” on Jabalpur Division of East Coast Railway, Odessa, India (Rs, 322.23crore)

-    Construction of 3rd Line track between Lanjigarh Road (ex) - Bissau Cuttack (ex.) and Bissau Cuttack (in)-Ravaged (in) -Construction of roadbed, bridges, supply of ballast, Installation of track (excluding supply of rails, BG Main line sleepers), Electrical (Railway Electrification and General Electrification), signaling and Telecommunication works in Jabalpur & Walt air Divisions of East Coast Railway, Odessa , India in 2 (two) Packages, for Package - 4 "between Bissau Cuttack (km 304.80) (in) - Ravaged (km 343.90) (in.)” on Jabalpur/Walt air Divisions of East Coast Railway, Odessa, India (Rs, 318.18 core)

-    Construction of Sheds, Structures,

Minor bridges, Track Linking (excluding supply of rails and main line PSC sleepers), Civil Engineering work, S&T work, OHE, TSS & General Electrical works in connection with 3rd Line between (km 1289/0) Sholapur (Excluding) and (km 1202/0) Antri Station (Including) on Jhansi Division of North Central Railway in the States of Madhya Pradesh & Rajasthan, India (Rs, 640.53 core)

-    Package 3: Construction of Roadbed, Major (Except Important and Major Steel Girder) & Minor bridges, Track Linking (excluding supply of rails and main line PSC sleepers), Civil Engineering work, S&T work including modification in JHS RRI, OHE, TSS & General Electrical works in connection with 3rd Line between (km 1202/0) Antrim (Excluding) and (km 1127.72) Jhansi Station (Including) on Jhansi Division of North Central Railway in the States of Uttar Pradesh & Madhya Pradesh (Rs, 567.94 core)

-    Package 2: Construction of 3rd Line project between Chakulia (excluding) and Adityapur (including) - Construction of roadbed, bridges (excluding Br. No. 53 & Br. No. 25), supply of ballast, installation of track (excluding supply of rails, thick web switches & ordinary PSC sleepers), Electrical (Railway Electrification and General Electrification), signaling and Telecommunication works in Kharagpur and Chakradharpur Divisions of South Eastern Railway, West Bengal and Jharkhand, India (Rs, 558.04 core)

-    Package 1: Construction of 3rd Line project between Nippur (including) and Chakulia (including) - Construction of roadbed, bridges, supply of ballast, installation of track

construction of major bridges (excluding the work of bridge superstructures of steel open web and composite girders) of bridge no. 24 (3x18.3m PSC), 43 (3x18.3m PSC), 58 (1x30.5m Open Web Steel Girder), 66 (3x45.7m, Open Web Steel Girder), 97 (3X18.3m PSC), 326 (3X30.5m Open Web Steel Girder), 341 (3x30.5m Composite Steel Girder Welded type), 348 (7x30.5m Open Web Steel Girder), 352 (3x12.2m PSC), 355 (5x30.5m Open Web Steel Girder), 367 (6x30.5m Composite Steel Girder Welded type) and 390 (10x30.5m Open Web Steel Girder) in connection with doubling between Jerold (incl.) and Jakhapura (incl.) (170.903 km) on Chorda Road Division of East Coast Railway and Chakradharpur Division of South Eastern Railway in the State of Odessa, India” in two packages (package-1 & package-2). (Rs, 89.01 core)

-    Execution of Balance work of roadbed, major & minor bridges, Track Linking, S&T service buildings, other civil works and outdoor signaling in connection with doubling work between BLSN to RVH (In) Section (Excluding ANMD Yard) and residential & other service buildings of MSMD & ANMD of Jabalpur Division of East Coast Railway & Raipur Division of SECR in the State of Chhattisgarh, India, a part of Raipur-Titlagarh doubling (Rs, 87.09 core)

-    Package2: Design, Supply, erection, testing and commissioning of 25 KV, 50 Hz Single Phase, Traction Over Head Equipment’s, Switching Stations, Traction Sub Stations, SCADA, General/Electrical Services works along with Civil Engineering Works i.e. Service buildings, Quarters, Tower Car

Buildings, Water Supply Arrangement, Drainage, Road Works, Track Works, signaling & Telecommunications Works, Power Supply Arrangement, General Electrical Works and Supply, Installation & Commissioning of Machinery & Plant in connection with setting up of Wagon POH workshop at Vadlapudi, Visakhapatnam, Andhra Pradesh (India) (Rs, 249.66 core)

-    New Broad Gauge Railway Line from Obulavaripalle to Venkatachalam road junction - Linking of Track between Raipur (including) from km 46.100 to 95,000, Electrical (Railway electrification and general electrification), signaling and telecommunication works between Obulavaripalle (Excluding) and Venkatachalam road junction in South Central Railway, in the State of Andhra Pradesh (Rs, 148.80 core)

-    Provision of Doubling of Track between Madurai to Tuticorin - Construction of Major Bridges, RCC Box Bridges and Pre cast RCC Box segments in Madurai Division of Southern Railway, Tamil Nadu (^101.85 core)

-    Package 1: Design, Supply, erection, testing and commissioning of 25 KV, 50 Hz Single Phase, Traction Over Head Equipment’s, Switching Stations, Traction Sub Stations, SCADA, General/Electrical Services works along with Civil Engineering Works i.e. Service buildings, Quarters, Tower Car Sheds and other Associated works between sections Hoped (including) - Kuwaiti (including) and Toranagallu (including) -Ranjitpura (including) and Sidings comprising of 67 RKM/187 TKM of Hubble Division of South Western Railway, India". (Rs, 94.57 core)

-    Package 1: Execution of balance works for

States of Karnataka and Andhra Pradesh, India (Rs, 72.71 core)

-    Execution of balance work of roadbed, major and minor bridges and track linking including electrical work in connection with doubling between Hubbell to Dhar wad (Km

469.00 to 489.09), Construction of quarters, service buildings & residual works for commissioning of doubling in between Harlapur and Hepburn (Km 74.00 to Km 18.97) & Hubbell to Dhar wad (Km 469.00 to Km 489.09) on Hubbell Division of South Western Railway in Karnataka State, India (Rs, 51.40 core)

-    Design, Supply, Erection, Testing & Commissioning of 25 KV, 50Hz, Single Phase, Traction Over-head Equipment, Switching Stations, and other associated works i.e. TSS at Bar Amati (tentatively), associated signaling & Telecommunication work, Civil engineering work i.e. service buildings, quarters, sidings and Electrical General Services works for Railway Electrification between Daunt (Excel) -Bar Amati (incl.) Section etc. 44 RKM/46TKM of Pune Division of Central Railway, in the State of Maharashtra, India" (Rs, 49.81 core)

-    New Broad Gauge Railway Line from Obulavaripalle to Venkatachalam road junction - Linking of Track between Obulavariaplle (Including) and Raipur (Excluding) from Km 0 to 18.660 and 19.620 to 23.365 in Kakapo District and 29.999 to 46.100 in Nellore District of Andhra Pradesh including Extension of Minor Bridges, construction/ Extension of Platforms at Obulavaripalle station (Rs, 47.80 core)

-    New Bypass BG double line between Kasugai - Hubble at km 6/755 and Hubble-

Sheds and other Associated works between Sections Kuwaiti (Excluding) - Guntakal (including) Section and Sidings comprising of 71 RKM/178 TKM of Guntakal Davison of South Central Railway and Hubble Division of Southwestern Railway, India (Rs,86.91 core)

-    Package 6: Construction of important Bridge No. 41 (15 x 24.40 m composite welded girder) at km 30/4-9 Major Bridge No. 63D (1x76.2m Open Web through Type Steel Girder) at km 77/8-9 and Major Bridge No. 76B (1x76.2m Open Web Through Type Steel Girder) at km 95/4.5 along with steel channel sleepers, foundation, substructure, related protection works and other allied works in connection with Doubling between Palanpur - Samakhiali Stations on Ahmedabad Division of Western Railway in Gujarat State, India (Rs, 86.64 core)

-    Construction of 2nd Railway Line from existing take off point within HDC, KOPT's Limit (Km-H-59/11) to 'G' Cabin at Bulk Handling yard, Halide Dock complex on Kharagpur Division of South Eastern Railway in West Bengal, India (Rs, 74.68 core)

-    Ground Improvement through construction of stone columns through Dry vibrio float method including supply of stone material for the proposed Rail connectivity to berth No.13,14, 15 & 16 at Kendal Port (Rs, 73.64 core)

-    Design, Supply, erection, testing and commissioning of 25 KV, 50 Hz, Single Phase, Traction Over Head Equipment, Switching Stations, TSS, SCADA and other associated works, and electrical general services works for Railway electrification of Second Line between Yelahanka (Excl.) -Penukonda (Incl.) (152 TKM) of Bengaluru Division of South Western Railway in the

(3X18.3m PSC), 326 (3X30.5m Open Web Steel Girder), 341 (3x30.5m Composite Steel Girder Welded type), 348 (7x30.5m Open Web Steel Girder), 352 (3x12.2m PSC), 355 (5x30.5m Open Web Steel Girder), 367 (6x30.5m Composite Steel Girder Welded type) and 390 (10x30.5m Open Web Steel Girder) in connection with doubling between Jerold (incl.) and Jakhapura (incl.) (170.903 km) on Chorda Road Division of East Coast Railway and Chakradharpur Division of South Eastern Railway in the State of Odessa, India” in two packages (package-1 & package-2). (Rs, 32.07 core)

-    Execution of balance steel super structures of 30.5m composite girders, 30.5m and 45.7m open web steel through girders involving partial supply of structural steel, fabrication, materializing and painting, transportation, erection, cambering and riveting, lowering and aligning of girders over bearings, supply and fixing of channel sleepers and bearings, deck slab casting of composite girders etc. of major bridge no. 58 (1x30.5m Open Web Steel Girder), 66 (3x45.7m Open Web Steel Girder), 326 (3x30.5m Open Web Steel Girder), 341 (3x30.5m Composite Steel Girder Welded type), 348 (7x30.5m Open Web Steel Girder), 355 (5x30.5m Open Web Steel Girder), 367 (6x30.5m Composite Steel Girder welded type) and 390 (10x30.5 m Open Web Steel Girder) in connection with doubling between Jerold (Incl.) and Jakhapura (Incl.) (170.903 km) on Chorda Road Division of East Coast Railway in the State of Odessa, India (Rs, 28.61 core)

-    Supply, Installation, Testing and commissioning

Camargo at Km 475/139 on Hubble Division of South Western Railway in Dhar wad district in Karnataka State India Construction of (a) ROB Br. No.15 at CH-5.800km 1x24.00m Composite Girder with approaches with RE earth and RE panels (b) RUB No.11 @ CH:4.400 2x5.50x5.50m, No.17 @ CH:6.549 2x5.50mx5.50m and No. 20@ CH:7900 2x5.00x5.00m with RCC twin boxes and approach earthwork (c) RUB (LH) No. 5A @ CH:3.55 1x5.00x3.50m, No. 8A @ CH 2.575 1x5.00x3.50m No.:12A @ CH 4.675 1x5.00x3.50m with RCC single boxes including approach earthwork duly providing temporary diversions & shifting of electrical obstruction during construction of the structures. (Rs, 47.44 core)

-    Design, Supply, erection, testing and commissioning of indoor signaling and Telecommunication work of BZA-GDV-BVRM-NDD-GDV-MTM-BVRM-NS in connection with Doubling of Track in Vijayawada Division of South Central Railway in Andhra Pradesh, India. (Rs, 46.77 core)

-    Construction of Roadbed, Major and Minor Bridges and Track Linking work (excluding supply of rails and sleepers, Thick web switches and special sleepers) in connection with doubling with Mahadeokhedi to Mulched on Bhopal and Jabalpur Division of West Central Railway in Madhya Pradesh, India (Rs, 42.86 core)

-    Package 2 : Execution of balance works for construction of major bridges (excluding the work of bridge superstructures of steel open web and composite girders) of bridge no. 24 (3x18.3m PSC), 43 (3x18.3m PSC), 58 (1x30.5m Open Web Steel Girder), 66 (3x45.7m, Open Web Steel Girder), 97

-    Construction of Type V quarters/Temporary office building of CPM/RVNL/Bangalore @ Gandhi agar, Bangalore (Rs, 4.16 core)

-    Execution of Balance General Electrical Works i.e. HT/LT power line modification work, Electrification of platforms, station buildings, staff quarters in connection with doubling of Armand (Ex) to Raipur (Ex.) section part of Raipur-Titlagarh Doubling in Jabalpur & Raipur Divisions of East Coast & South East Central Railway in the State of Chhattisgarh, India (Rs, 3.83 core)

-    MMTS Phase-ll: Moulali-Ghatkesar and Malkajgiri-Moulali Sections - construction of compound wall along the Railway Boundary at specified locations on Secunderabad & Hyderabad Divisions of South Central Railway, Telangana State, India. (Rs, 3.79 core)

-    Balance works in between BLGR-DFR Block Section in Package 2 (from Ch:177500 to Ch:182300, i.e. Br. No. 387 to Br. No. 399, protection works and misc. works) in connection with SBD-TIG Doubling in Jabalpur Division of East Coast Railway, in the State of Odessa, India (Package 3) (Rs, 2.27 core)

-    Proposed Civil interior works along with work station including Air Conditioning, general lighting and LAN works in 2nd Floor of LIC new investment building at Visakhapatnam measuring to 11.168 Sq. Ft. area in connection with setting up office of RVNL/WALTAIR-PIU (Rs, 1.99 core)

-    Balance works in between BLGR-DFR Block Section in Package 1 (from Ch:167210 to Ch:173000, i.e. Br. No. 363 to Br. No. 377A, protection works and misc. works) in connection with SBD-TIG Doubling in Jabalpur Division of East Coast Railway, in

of Indoor and outdoor signaling works for provision of New PI installations at Bhanupratappur, Keota and Anagram station, and supply, installation and testing and commissioning of Indoor and outdoor Telecom works from Dandy (Guru) to Antagarh station (i.e. from 17.6 to 58.80 km, Total Length 41.2 km) mainly pertaining to OFC system and 6Q cable related work in connection with DRZ-ROW New Line Project in Raipur Division of SECR in Chhattisgarh State, India. (Rs, 23.98crore)

-    Design, Supply, Erection, Testing & commissioning of 25 KV AC, 50 Hz, Single Phase, Traction Over Head Equipment, switching stations, SCADA for Railway Electrification of double Line between Guntakal-Kalluru (RKM-18 & TKS 24) Excluding Gullapalayam - Khadherpet Section) and other associated modification works of the Existing OHE of single line and yards between GTL (Incl.) - Allure (Incl.) of Guntakal Division of South Central Railway. (Rs, 16.93 core)

-    Execution of balance works in Br. No.194 (3x 18.3M PSC girders) in Basantpur (BSTP) -Stabbing (STBJ) Section in connection with doubling between Jerold (Incl.) and Jakhapura (Incl.) (170.90 km) on Khurda Road Division of East Coast Railway in the State of Odessa, India (Rs, 5.20 core)

-    Execution of Balance General Electrical Works i.e. HT/LT power line modification work, Electrification of platforms, station buildings, staff quarters in connection with doubling of Titlagarh (Ex.) to Lakshmi (In.) section part of Raipur-Titlagarh doubling in Jabalpur division of East Coast Railway in the State of Odisha, India (Rs, 4.52 core)

- Besides these works contracts, FLS, DDE & PMC contracts of Rs, 368.51 core have also been awarded during 2017-18.

3.18 Final Location Survey (FLS):

During 2017-18, 983 km of Final Location Survey (FLS) was carried out, the details are given below:

(i)    Mau-Ghazipur-Straight new line: 51 km

(ii)    Vizianagram-Sambalpur

(Titlagarh) 3rd line:    108.60 km

(iii)    Mathura-Jhansi-3rd line:    273.80 km

(iv)    Vijayawada-Gudur-3rd line: 287.67 km

(v)    Madurai - Maniyachi-Tuticorindoubling:    160 km

(vi)    Mariachi - Nagercoil doubling: 102 km

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 Visas 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, six 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, 6702.83 core out of which Rs, 1807.04 chore is equity and ^ 4895.79 chore is debt. RVNL itself has invested a total of Rs, 648.57 chore as equity among these 6 SPVs, which is approximately 10% of their Gross total investment (refer to table below).

the State of Odessa, India (Package 3) (Rs, 1.47 chore)

-    Design, Supply, Erection, Testing and Commissioning of the work of modification of existing 110 KV & 220 KV Power line crossing to meet the requirement of Indian Railway Schedule of Dimensions (IRSOD) in the existing BG Railway Line at Chain age No. 590/7-590/8 and 597/4-597/5 in Gulbarga-Wade Section of Pune-Bigwig and Gulbarga-Wade RE Project (Rs, 1.47 chore)

-    Balance works in between BLGR-DFR Block Section in Package 2 (from Ch:173000 to Ch:177500, i.e. Br. No. 378 to Br. No. 386, protection works and misc. works) in connection with SBD-TIG Doubling in Jabalpur Division of East Coast Railway, in the State of Odessa, India (Package 3) (Rs,0.91 chore)

-    Execution of balance work for the Major Br. No. 319(3X 12.20 m PSC girder) in section between Chilikidara (CLDR) - Sagadpeta (SGDP) Section in connection with doubling between Jerold (incl.) and Jakhapura (incl.) *170.903 km) on Chorda Road Division of East Coast Railway in State of Odessa, India (Rs, 0.63 chore)

-    Design, Supply, Erection, Testing and Commissioning of the work of modification of existing 110 KV to meet the requirement of Indian Railway Schedule of Dimensions (IRSOD) in the existing BG Railway Line at Chain age No. 386/9-387/0 Vakav-Wadsinge Section of Sholapur Division, Central Railway (Rs, 0.37 chore)

-    Provision of communication arrangement in MLY'C' - GT, BMO-MOB & RCPH-TLPR sections of MMTS-Ph. II, South Central Railway, Secunderabad (Rs, 0.14 chore)

Name of SPV

RVNL’s

Equity

Partners’

Equity

Total

Equity

Debt

Total

 

Rs, Core

%age

Rs, Core

%age

Rs, Core

Rs, Core

Rs, Core

Kutch Railway Co Ltd.(KRC) (301 km)

100.00

50.00%

100.00

50.0%

200.00

300.00

500..00

Bharuch Dame Railway Co. Ltd. (63 km)

55.00

33.33%

100.11

64.54%

155.11

230.00

385.11

Krishnapatnam Railway Co. Ltd. (113 km)

81.00

30.00%

189.00

70.00%

270.00

933.00

1203.00

Haridaspur Para dip Railway Colt. (82 km)

223.52

37.25%

358.31

61.58%

581.83

1561.64

2143.47

Angel Lucinda Railway Ltd.(102 km)

189.00

31.50%

411.00

68.50%

600.00

1163*

1763.00

Digit Rocha Rail Limited (34 Km)

0.05

50.00%

0.05

50.00%

0.10

708.15*

786.84

Total

648.57

35.89%

1158.47

64.11%

1807.04

4895.79

6702.83

*Proposed Debt

a) Kutch Railway Company Limited (KRC)

Length

301.0 Km

Project Type

Gauge Conversion of Palanpur-Gandhidham section

Division, Railway

Ahmedabad, Western Railway

Traffic Catchment Area

Ports of Deendayal Port Trust and Mudra in Gujarat

Equity Participants

Rail Visas Nigam Limited

50%

Deendayal Port Trust (previously Kendal Port Trust)

26%

Adana Port & SEZ Ltd

20%

Got, of Gujarat

4%

Commercial Operations Date (COD)

Year 2006

Turn Over 2017-18 (provisional)

Rs,695 Core (Increase from Rs, 613.30 Core in 2016-17)

* The name of Kendal Port Trust is changed to Deendayal Port Trust

Current Development:

a.    The Company is undertaking the doubling ofSamakhiali - Palanpur section (248 km) to cater to the anticipated increase in traffic flows from Mudra and Deendayal ports. The project is being executed by RVNL.

Cost: Rs, 1548.66 Core: sanctioned by Ministry of Railways

Source: Internal accruals of KRC

Progress: Contracts awarded for all five Packages

b.    Physical Progress: 34% and Financial Progress: 34% b) Krishnapatnam Railway Company Limited (KRCL)

Length

113 Km

Project Type

New line: Obulavaripalle to Krishnapatnam Port

Division, Railway

Vijayawada, South Central Railway

Traffic Catchment Area

Krishnapatnam Port in Andhra Pradesh

Equity Participants

Rail Visas Nigam Limited

30%

Krishnapatnam Port Co. Ltd

30%

National Mineral Development Corporation Ltd.

14.81%

Govt. of Andhra Pradesh

12.96%

Brahman Industries Ltd.

12.22%.

Commercial Operations Date (COD)

Phase I: 21 km line from VKT to KAPT - COD-2008

Phase-Ill: doubling of 21 km line from VKT to KAPT -COD-2014

Turn Over 2017-18 (provisional)

Rs, 36.89 Core

Current Development:

a.    For Phase II i.e. construction of new line from Obulavaripalle to Venkatachalam involving construction of a tunnel is in progress.

b.    Physical Progress: 93.00%andFinancialProgress:93.00%

c) Angel Skandia Railway Limited (ASRL)

Length

102 Km

Project Type

New line:Angul to Skandia

Division, Railway

Chorda Division, East Coast Railway

 

Traffic Catchment Area

Traffic to and from Dharma & Para dip Ports in Odessa

Equity Participants

Rail Visas Nigam Limited

31.50%

 

Container Corporation of India

26.00%.

Got, of Odessa

21.30%

Odessa Mining Corporation

10.50%

Jindal Steel Power Limited

10%

Odessa Industrial Infrastructure Development Corporation

0.70%

Commercial Operations Date (COD)

Still under construction

Current Development:

a. Land acquisition:

(i)Private    land:

a.    1199.081 Acres (69 Villages) of private land has been acquired.

b.    11(1) notification for additional land of 24.814 acres has been done by all three District Administration in April, 2018 and under process for 19 (1) at district level / LAO.

(ii)    Government land (222.05 acres):

a.    Alienations of 110.325 acres received and balance under process.

b.    Physical possession received for 222.05 acres and work is in progress.

(iii)    Forest Land (350.566 acres):

a.    In principle Stage-1 & II clearance has been received from MOEF in Oct, 2017.

b.    Tree felling works has been completed over the entire forest land and work is in progress,

b. Physical Progress: 44.00% and Financial Progress: 43.56%

d) Haridaspur Para dip Railway Company Limited (HPRCL)

Length

82 Km

Project Type

New line: Haridaspurto Para dip Port

Division, Railway

Chorda Division, East Coast Railway

Traffic Catchment Area

Para dip Port in Odessa

 

Equity Participants

Rail Visas Nigam Limited

37.25%

Got, of Odessa

23.80%

Odessa Mining Corporation Ltd.

15.49%

Para dip Port Trust

8.98%

Easel Mining & Industries Ltd.

5.00%

Runt Mines Ltd

5.00%

Mudra Steel Power Limited

2.50%

Jindal Steel Power Limited

0.83%

Steel Authority of India Limited

0.83%

Odessa Industrial Infrastructure Development Corporation, (Got, of Odessa)

0.32%

Commercial Operations Date (COD)

Still under construction

 

Current Development:

a.    All the Private land of area 1444.611 Acres over the stretch of 86 villages have already been acquired. Government Land Alienation/Advance possession taken for area of 136.975 Acres. Requisition filed to Railway for Additional Land of 39 villages for Private Land of 46.982 Acres and for Government Land of4.959 acres.

b.    Physical Progress: 67.39% and Financial Progress: 61.28% respectively,

e) Bharuch Dame Railway Company Limited (BDRCL)

Length

62 Km

Project Type

Gauge Conversion

Division, Railway

Vadodara, Western Railway

Traffic Catchment Area

Dame Port in South Gujarat

Equity Participants

Rail Visas Nigam Limited

33.33%

Dame SEZ Limited

6.45%

Gujarat Maritime Board

11.51%

Gujarat Industrial Development Corporation

11.51%

Jindal Rail Infrastructure Limited

6.45%

Hidalgo Industries Limited

8.72%

Gujarat Narmada Valley Fertilizer Company

8.72%

Adana Petro net (Dame) Port Private Limited

11.17%

Commercial Operations Date (COD)

Year 2012

Turn Over 2016-17

Rs, 60.43 chore (Rs, 122.79 chore in 2015-16)

 

Length

34 Km

Project Type

New line: Rocha to Digit Port

Division, Railway

Mumbai Division, Central Railway

Traffic Catchment Area

Traffic to and from Digit Port in Maharashtra

Equity Participants

Rail Visas Nigam Limited

26%

 

Digit Port Limited

52%

 

* Maharashtra Maritime Board

11%

 

* Sagarmala Development Company

11%

 

* Proposed Strategic Partners

Commercial Operations Date (COD)

Process of land acquisition initiated

f) Dighi Roha Rail Limited (DRRL)

Current Development:

a.    The Company’s Authorized Capital has been increased to Rs, 78.69 crore.

b.    Share Holder’s Agreement is under finalization.

c.    Ministry of shipping has conveyed in principle approval (dated 18.10.2016) to take 11% equity in Dighi Roha Rail Limited from Sagarmala Development Company.

5. PERSONNEL DEVELOPMENT

An organization is as good as its Human Resource. The primary focus of RVNL Management has been to have not only a team of highly motivated, skilled and experienced manpower but also retain them by facilitating a right environment, competitive perks and ample opportunities for a better career progression through training and support. The main philosophy of the Company has been to execute projects on a fast track basis with a lean and thin organization without compromising on the availability of manpower and ensuring safety and quality at the work-sites and at the same time controlling the wage bill for a sustained profitability of the Company. It is in this background that the HR Department has strived to support the Management by creating a highly effective manpower base consisting mostly of technical personnel with a judicious mix of deputationists and RVNL cadre supported ably by a pool of experienced retired personnel and fresh engineers on contract. As on 31.03.2018, the Company executed projects worth over Rs, 7556.56 crore successfully with just 541 regular employees out of which 150 were cadre officials and 391 deputationists. The productivity of per capita manpower of RVNL is Rs, 11.60 crore, which is not only the best amongst the sister CPSEs but one of the best amongst all the CPSEs.

Having belief in a transparent and employee oriented procedures and practices, the Company has developed an employee-friendly HR policy to boost the morale and motivate the employees to give their best in execution of projects. The main thrust of the HR policy is to ensure that the employees are able to adapt to the changing recommendations of the 3rd PRC for the CPSEs, the Company has revised the pay packages of the RVNL employees in accordance with the decisions of the Government and various perks/allowances, such asTA/DAon official tour, housing lease policy, special incentives for working in Left Wing affected and difficult areas etc have also been revised.

The Company celebrates its annual foundation day on 2nd Saturday of April. This year also, a befitting celebration was organized on 7th April, which was graced by the Hon’ble Minister of Railways and a large gathering of the Railway family. The meritorious services of employees were recognized and rewarded through individual/ group awards by presenting shields and cash awards. The shields for excellence in performance were presented by Chairman Railway Board and Member Engineering to the following Project Implementation Units: -

business needs and priorities and discharge their roles as a strategic business partner in the growth of the organization. The Company has given special attention to professional and personal development of employees by organizing intensive training programmes not only relevant to their functional areas but also to enhance their overall managerial capabilities. A total of 413 mandays of trainings in Project Management, Contract Management, Railway Electrification, Quality Assurances, Financial Management, Risk Management, CSR etc were provided at various levels during 2017-18. Out of thetotal 413 mandays of training, senior management i.e. DGM and above level have been imparted training for 338 mandays and 75 mandays to the Sr Managers and below. To enhance the efficiency in HR working, HR Module has been implemented through SAP Consequent upon implementation of the

S.N.

Description of Award

Awarded to

1

Best Project

Ponmalai-Thanjavur (PIU Chennai)

2

Best Workshop Project

Barauni Workshop (PIU Varanasi)

3

Maximum Expenditure Award

PIU, Chennai

4

Special Project

Obulavaripalle-Venkatachalam (PIU, Chennai)

5

Best PIU in Signalling Work

PIU, Chennai

6

Best PIU in RE Project

PIU, Varanasi (RE)

7

Best PIU for Commissioning Projects

PIU, Chennai

8

Most Difficult Project

Dallirajhara-Rowghat Project (PIU Rajpur-lll)

9

Best PIU Runners_up

PIU, Ahemdabad and PIU Raipur-ll

10.

Best PIU Winner

PIU, Chennai

regularly. 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, officials who use Rajbhasha in drafting notes and letters are identified from each department and given Shankar Dayal Singh Smriti Puraskar. A competition on Hindi essay writing, Hindi noting and drafting, Hindi Shabd Gyan and Quiz was organized on the occasion of Hindi Divas Pakhwara in the month of September, 2017. Cash awards of Rs, 43,200/- were distributed to 63 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 2017-18, 4 meetings of the Rajabhasha Implementation Committee of RVNL were held with the representatives of Rajbhasha Directorate of Railway Board.

5.5    Presidential Directives:

Consequent upon acceptance of the recommendations of the 3rd PRC by the Government, a proposal seeking Presidential Directives for implementation of the recommendations was sought from Ministry of Railways. Ministry of Railways vide letter No. 2017/PL/52/4 dated 21-11-2017 conveyed the Presidential Directives and the same have been implemented in RVNL as per the guidelines.

5.6    Compliance of MoU Targets related to Human Resource Management for the year 2017-18

Under the MoU, signed between RVNL and Ministry of Railways, for 2017 -18, Human Resource Management (HRM) related Parameters have been fixed as under:-

5.1    INDUSTRIAL RELATIONS

During the year, the Industrial Relations remained cordial and harmonious and as in the past, there were no untoward incident of any nature. As a welfare measures to the employees, the services of Allopathic and Homeo Physicians are made available in the Corporate Office. The employees in the Company also observed ‘’Swatch Bharat Abhiyan’ and ‘International Yoga Day”.

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

The Company has in place an Anti-Sexual Harassment policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redresssal) Act, 2013. An internal Complaints Committee called “Vishaka Committee” has been set up in RVNL to redress complaints related to sexual harassment. All employees are covered under this policy. As in the past, there had been nil incidence of any such case of harassment in the year.

5.3    Right to Information Act:

RVNL is committed to the Right to Information Act and the Company has nominated an Appellate Authority, CPIO and an APIO for Corporate Office and APIOs for each Project Implementation Unit. During the year 2017-18, 78 applications were received and disposed off in time.

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 parttime Mukhya and Up-Mukhya Rajbhasha Adhikari and a regular Manager (Rajbhasha). The website of the company is bilingual and is updated

S.No.

Parameter

Target for excellence

I

On-line submission of ACR/APAR in respect of all executives (EO & above) along with compliance of prescribed timelines w.r.t. writing of ACR/APAR

100% of number of executives

ii

On-line quarterly vigilance clearance updating for Senior Executives (E-5 & above)

100% of number of senior executives

Hi

Preparation of Succession Plan and its approval by Board of Directors Holding of DPC without delay for executive ( EO & above level)

By 30.9.2017

iv

Holding of DPC without delay for executive (EO & above level)

100%

V

Talent Management and carrier progression by imparting at least one week training in Centre of Excellence e.g. NTs, IIMs, NITs, ICAI etc. within India or technical training outside India

10% of executives

All the above items have been fully complied/ implemented as per targets mentioned in above table and the item wise details are as under: -

i. On-line submission of ACR/APAR in respect of all executives (EO & above) along with compliance of prescribed timelines w.r.t. writing of ACR/APAR

As per instructions, the Annual Performance Appraisal Report (APAR) for a Financial Year is to be recorded by 31st December of the year in the year in which the financial year ends.

To implement the MoU target of on-line submission of ACR/APAR in respect of all executives (EO & above) along with compliance of prescribed timelines w.r.t. writing of ACR/APAR, action was initiated for introduction of online submission of APAR by the employees in EO and above and its completion. Firstly, with the help of L&T Infotech, software programme has been developed as a part of integrated ERP system. With successful launch of the Performance Management System (PMS), complete digitalization of online submission of ACR/APAR in respect of all executives (EO & above in RVNL), its processing by different authorities i.e. Reporting, Reviewing, Accepting officials and its finalization along with compliance of prescribed timelines with respect to writing of ACR/APAR (for all executives EO and above) has been accomplished. Completed APARs 2016-17 have been communicated to all the employees working in EO and above grades on 29th December 2017. RVNL has completed the process before the prescribed last date for communication of completed APARS to the employee i.e. 31st December of each year.

M/s Accenture Solutions, the PMC supervising the implementation of ERP system in RVNL has certified online processing and successful completion of all APARs for 2016-17 and its communication to individual employee of RVNL on 29th December 2017.

development in area where needed.

The process of succession planning and positioning, is critical to ensure the long term growth of the Company, and goes a long way to ensure that the right candidates are available at the right moment for manning of critical and key positions in the Company.

The Board of Directors, in its 85th meeting held on 07.09.2017,    approved the Succession Plan.

The MoU target date for ‘Excellent’ rating which was 30.09.2017, has been complied with,

iv Holding of DPC without delay for executive (E0 & above level) in 100% cases.

To implement the timely completion of selection process for 2017-2018 for 100% employees who were eligible to get promoted, it was decided to have a defined schedule for holding DPC for promotion. Accordingly, a Selection Calender was prepared for the year 2017-18 with details of department wise and category wise time of holding and finalization of proceedings by the Departmental Promotion Committee for empanelment of eligible and suitable staff. The calender was discussed and duly approved by the Board of Directors in their 83rd meeting held on 19.5.2017.

The selection process included nomination of Departmental Promotion Committees, holding of written test / vivavoce, approval of the select list by the Competent Authority and issue of promotion orders. The selections held during the year for officials in E0 and above strictly followed the timeline mentioned in the calender approved by the BOD. The selection process was completed as per schedule and approved by the Competent Authority and orders issued.

Thus, it can be seen from the enclosed report that all the DPC were held without delay for Executives

Thus the MOU target of on-line submission of ACR/APAR in respect of 100% executives (E0 & above) along with compliance of prescribed timelines w.r.t. writing of ACR/APAR has been complied with.

ii    On-line quarterly vigilance clearance updating for Senior Executives (E - 5 & above)

DoPT, Government of India vide their letter issued in April, 2017, decided to put in place a web enabled online system for vigilance status of senior officials working in CPSEs to expedite appointment to Board level officials in various CPSEs. The system is operational with effect from 1.04.2017 with added security features to ensure confidentiality and security of data. As per instruction issued by DoPT, for Board level officials and officials who are one level below Board, updating of Vigilance Status will have to be carried out once every month. For officers who are second level or below, the updating of vigilance status have to be done every three months as per rule. However, in compliance of MOU targets, RVNL has uploaded the data of officials up to E 5 and regularly updates it.

It is certified that RVNL is strictly following the instructions and has been updating the vigilance status on online portal accordingly for all eligible employees at desired intervals. Thus, the MOU parameter relating to web based online monthly/quarterly updating of vigilance clerance for senior executives has been implemented for 100% employees in RVNL in eligible categories.

iii    Preparation of Succession Plan and its approval by Board of Directors

A major objective of the Succession Planning process is to ensure that each individual is given the opportunity to capitalize on his/her strengths and is given the relevant inputs for their (E-0 and above) and promotion orders of empanelled staff were issued in 100% cases,

v Talent Management and carrier progression by imparting at least one week training in Centre of Excellence e.g. NTs, IIMs, NITs, ICAI etc. within India or technical training outside India.

(Target-10% of executives to be covered)

Under Talent Management and carrier progression, the target fixed was to impart at least one-week training in Centre of Excellence to 10% of executives. RVNL imparted training in various prestigious institutions namely IIMs - Ahmedabad Campus, Luck now - Noida Campus, CSIR, National Institute of Rock Mechanics, Bangalore, Norwegian Geotechnical Institute (NGI), Norway in different subjects like Tunnelling Technology, Advances in Concrete Technology, Strategic Leadership in Uncertain Environments, Project Management, MDP on Finance for Non-Finance Executives, Norwegian Tunneling Technology etc. A total no of 76 employees, i.e. 14% of total strength of 541 RVNL employees, successfully completed training of one week or more in prestigious institutes.

The MoU target for nos. of employees to be imparted training for ‘Excellent’ rating was 10% of manpower strength and RVNL has achived the target for excellent rating by imparting one week training in Centre of Excellence to 14% staff.

6. Vigilance

The Vigilance Department in RVNL is manned by a Chief Vigilance Officer, one GGM/Vigilance (Part time), two DGM/Vigilance and one Senior Manager. Since February 2018, on completion of the tenure of the CVO, the GGM/CC who was also working as GGM/Vigilance is now working as CVO of the organization till the new incumbent is posted.

RVNL Vigilance continued its endeavor in its preventive role to aid Management in strengthening transparency and accountability. To this end, Action Plan 2017-18, envisaged combination of intensive inspections and preventive checks covering major ongoing works and miscellaneous establishment matters. Inspections in brief:

During 2017-18, intensive examination of three selected projects under execution by Project Implementation Units was conducted. The scope of the examination covered entire contract management and compliance with corporate standards & policies. Preventive Checks were also conducted with specific focus on contractor’s claims, quality issues and rotational transfer of RVNL personnel. Observations made during CTE/CTE Type Inspections were followed up and replies on paras pertaining to various CTE inspections were sent to CTE/CVC.

System Improvements:

Some major system improvements effected during 2017-18 due to preventive vigilance covered the following areas:

-    During a Preventive Check, RVNL Vigilance had detected sub-contracting of substantial portion of work by the principal contractor with the permission of the Employer and found that the same was not in keeping with the objectives of the governing clause. A system improvement was recommended for suitable modification in sub-contracting provisions in the Standard Bid Document. Instructions have been issued for limiting the scope of works to be sub-contracted with the prior approval of the Employer.

-    RVNL Vigilance also recommended for review of provisions of contracts of project amount of Rs,2.31 crore (approx.) was recovered from the contractors for deficiencies in performance.

Investigations:

The complaints received by Vigilance from time to time were dealt with as per prescribed procedure and surprise checks done as deemed fit. During the year, five complaints were taken up for investigation. Vigilance has suggested/ recommended remedial measures in the wake of the investigations to prevent incurrence of similar lapses.

A case of irregular award of temporary lighting arrangement on Quotation basis was detected by Vigilance involving one Group ‘A’, two Group ‘B’ and one Group ‘C’ employee. After obtaining the comments of the concerned GM (Railway) in the case of Group ‘A’ officer, the case with recommendation for disciplinary proceedings was forwarded to Railway Board Vigilance. Further, a Preventive Check with regard to undue drawal of Dearnes Relief on pension by some absorbed officials of RVNL is also being done.

Disciplinary Action:

During the year 2017-18, two Administrative Action cases and two Minor Penalty cases were concluded. Administrative action was taken against the officials who had irregularly drawn Dearness Relief on pension. As regards the cases wherein Minor Penalty has been imposed, both these cases had been investigated by Northern Railway Vigilance and were regarding execution of work on Northern Railway.

Periodic Reports to CVC/Railway Board:

The status of various matters namely inspections, complaints, disciplinary cases and miscellaneous matters was regularly apprised to CVC/Railway management consultancy for suitable penalty in the case of non/short deployment of safety personnel and the authority for accepting personnel below prescribed qualification/experience.

-    During investigation, it was observed that instructions for stacking of ballast were not followed by a field unit. On the advice of Vigilance, RVNL Management have directed to all concerned for ensuring proper levelling of the surface for stacking of ballast and to carry out spot checks for the same.

-    During a preventive check, it was observed that subsequent to approval and passing of amount for cash awards, there were some changes without recording the reason for such modification. It was advised to ensure that the proposals for cash award/merit certificate should duly reflect/incorporate adequate justification thereof.

-    During a preventive check, it was observed that a work on quotation was awarded to a fictitious firm at exorbitant rates bypassing corporate procedure. Based on the recommendation of Vigilance, Management have reiterated strict compliance of relevant SOP provision on calling of quotations and dispensing with tender by all field units.

-    On the advice of Vigilance, instructions have been issued to all concerned to ensure that if a contract is terminated, the copy of termination letter should be sent to all the constituents of JV in addition to the address of the JV so that all the partners know about the termination.

Recovery:

Besides, institution of corrective measures, an speech, essay writing etc. were organized in 43 schools & 4 colleges across the Country by Corporate office and its field units on anticorruption themes. In particular, 58 students of Delhi & NCR participated in poster making competition on the theme, ‘My Vision-Corruption Free India’ held in the premises of Corporate office on 30.10.2017. Twelve of these submissions were featured in a desk calendar for 2018 for wide distribution. An inter-college debate on the topic ‘Whether consumerism is leading to a moral deficit in social values’ was organized in the premises of Hindu College, Delhi where 12 competitors participated with an attendance of 120 students. As per advice of CVC, Regional Co-coordinators and Principals of Kendriya Vidyalayas who organized competition during Vigilance Awareness Week 2016 were advised to set up Integrity Clubs to which some responded positively.

During a workshop of Chief Project Managers held on 31.10.2017, 12th Issue of RVNL Vigilance Bulletin was released containing informative notes/contribution on ‘whistle-blowing policy’, role of Vigilance in Management, key system improvements etc.

Development of Integrity Index:

RVNL has been selected by CVC as one of the 25 participating organizations (Department/CPSE) in the pilot project for development of Integrity Index. CVO interacted with the IIMA, the consultant & CVC during meetings held from time to time and coordinated with the Management in submission of data inputs to the IIMA.

Online Vigilance Clearance:

As advised by DOP&T, RVNL Vigilance has started online feeding of vigilance status of senior level officials to expedite their appointment for Board Level posts.

Board through periodic monthly, quarterly and annual 2017 to September, 2017 was reviewed by the Board of Directors during 84th & 87th Meetings held on 20.07.2017 and 18.12.2017 respectively. Vigilance Awareness Week:

'Vigilance Awareness Week-2017 was observed by Corporate Office & the field units spread across the country from 30.10.2017 to 04.11.2017 with the theme "My Vision-Corruption Free India". Attractive posters (1800 in number) on anticorruption based on the drawings made by the students who participated in the competition organized by the RVNL during Vigilance Awareness Week-2016 were distributed to all the field units for display at prominent locations. A write-up on the provisions contained in the Public Interest Disclosure and Protection of Informers’ Resolution (PIDPIR), the procedure to be adopted for making a complaint under this Resolution and Whistle-blower policy of RVNL was also circulated to all the field units for wide dissemination among the staff and the related community.

Integrity Pledge was administered to the employees of the organization on 30.10.2017 in Corporate office as well as in the field offices. To facilitate ‘e’-pledge by RVNL staff & their families and others associated with RVNL works, hyperlink to the CVC website was displayed on RVNL website.

An Inter-active session/workshop on Vigilance awareness was held on 02.11.2017 with officers of RVNL in the Corporate Office on important issues highlighted during vigilance inspections pertaining to project implementation. Besides, field units across the Country conducted workshops/ sensitization programmes.

Various kinds of competitions viz. slogan writing, poem writing, poster making, group discussion, 2017-18. Accordingly, the Company is expecting to achieve an “Excellent” rating for2017-18 as well.

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. Initiatives taken to create awareness on conservation of energy among employees has resulted in a steady reduction in energy consumption at Corporate Office. In addition, various state of the art systems have been installed and environment friendly technology has been adopted in the Corporate Office building.

Environment friendly equipment’s like solar heaters, solar lights etc are being installed in project offices of the Company.

8.2    Foreign Exchange Earnings and Outgo

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

7. MEMORANDUM OF UNDERSTANDING

The Company secured a rating of “Excellent” from Department of Public Enterprises for 2016-17 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 seventh consecutive year for which the Company has been rated as “Excellent”.

In 2017-18, the Company has been able to achieve the targets set in the MoU and even surpassed them. RVNL completed New Line of 17 km, Gauge Conversion of 86.3 km and Doubling of 315.2 km, totaling to 418.5 km (104.63%) against a target of 400 km (100%) for “Excellent” under “Completion of milestone of clients orders/ agreements without time overrun” and 78.32 km against a target of 73 km under “Other sector specific result-oriented measurable parameter”. Under “Capacity Utilization” parameter, completion of 425 km Railway Electrification was achieved against a target of 400 km for “Excellent” and Barauni- 250 high Horse Power Loco Shed was completed ahead of schedule and was handed over to ECRon 31.10.2017. The Company was also able to meet the targets for all financial, enterprise specific, sectors specific parameters set in the MoU for

Particulars

2017-18

2016-17

Foreign Exchange on foreign travel of Company’s officials

1.07

0.63

Project Management Consultancy

0.79

3.74

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

9. RISK MANAGEMENT

RVNL keeps a close watch over the risks to the Company. RVNL has a Risk Management Policy duly approved by the Board of Directors. The abnormally low rates and later on failing to execute the project,

d) To handle increasing number of arbitration/ court cases, policy for engagement of suitable retired personnel by PIUs as Consultants/Advisors on regular basis or on case to case basis for dealing with arbitration and court cases has been issued on 6.3.2018. Reporting and monitoring is being done as per report submitted by a professional firm engaged for preparing a detailed document on Enterprise Risk Assessment and Management in RVNL.

10. CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Corporate Social Responsibility Committee comprises of Mrs. Gita Mishra, Director (Personnel), Mr. Vijay Anand, Director (Projects) and Mr. Shiv Kumar Gupta, Part time (Non-Official) Director. The Committee monitors the adherence of projects to the Corporate Social Responsibility policy (CSR policy) of the Board and the process for implementation of the same.

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

1.    Implementation in project/programme mode

2.    Focus on periphery of project areas of RVNL

3.    Thrust areas of education and healthcare

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

During 2017-18, the Company has spent the entire budgeted amount of Rs,7.67 crores. The CSR policy may be accessed on the Company’s website at the link http://www.rvnl.org/admin/uploaded1/leftdocument/20141117161351_CSR%20Policy% 200ct%202014.pdf.

A report on CSR activities is annexed as Annexure- C. stakeholders about possible risks and measures to control the same.

The Company has a Risk Management Committee under the chairmanship of Director (Projects).The details with respects to composition and terms of reference of committee is provided in the Report on Corporate Governance, forming part of Dirctors’ Report. (Annexure B)

The Committee deliberated on the key challenges/ critical area of potential risk to the Company and the following challenges/risks were identified:

a)    Delay in approval of drawings and changes in drawings/scope of work.

b)    Delay in land acquisition.

c)    Aggressive bidding by contractors leading to potential non performing contractors.

d)    Non adherence to standards of safety at work site by contractors/subcontractors.

e)    Increase in the number of Arbitration and court cases.

Following initiatives have been taken based on the suggestions made by the Risk Management Committee:

a)    An online portal has been developed to monitor approval of drawings and the same has been launched for the use with effect from 3.1.2018.

b)    Instructions have been issued to Project Implementation Units that direct negotiations with land owners should be resorted to, in case small quantity of land involving a few owners is likely to become a bottleneck in commissioning of the section.

c)    Provision of submission of additional BG by the contractor has been introduced in standard bidding documents of RVNL to discourage the contractors quoting the MSE policy in RVNL. Contact details of these officers are uploaded on RVNL website.

The Annual Procurement Plan for purchases in 2017-18was made available on RVNL website for information of MSEs to encourage their participation in the procurement of goods and services.

In 2017-18, RVNL procured goods and services amounting to a total of Rs, 13.79 crore. Out of this, the total value of goods and services purchased from MSEs (including MSEs owned by SC/ST entrepreneurs) was to the tune of ^5.28 crore i.e 38.29% of the total procurement. Thus, RVNL has complied with the Public Procurement Policy related to Micro and Small Enterprises.

14. RESEARCH AND DEVELOPMENT Implementation of an Integrated IT Solution for RVNL

The implementation of an integrated IT Solution for RVNL Corporate Office and its Project Implementing Units for computerization of all core business processes including project planning, e-tendering, monitoring of project execution, associated finance functions and personnel management etc., has under gone major developments during 2017-18.

In addition to the progress achieved previously, IT infrastructure of RVNL has been fully setup and the integrated IT software solution has achieved partial Go-Live on 27.02.2018 of major functionalities, and the remaining portion of the project is catching up at a fast pace. A helpdesk team assists users in system usage and troubleshooting, leading to enhanced user acceptance of the system.

Latest Pay Commission recommendations have been successfully updated in the payroll system for all employees. The Employee and Management Self-Service module has now been successfully

11.    COMPLIANCE OF PROVISIONS OF COMPANIES ACT, 2013

All the provisions of the Companies Act, 2013 and the Rules made thereunder, SEBI (LODR) Regulations 2015 to the extent 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 and 20% of procurement of annual requirement of goods and services by all Central Ministries/Departments/Central Public Sector Undertakings (CPSUs) has become mandatory from the Micro and Small Enterprises(MSEs) with effect from 1st April, 2015.

Your Company 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, have been incorporated in the tender documents for procurement of stores and obtaining services, etc. Two Vendor Development Programmes were also conducted during 2017-18.

Shri Ajay Kumar, Executive Director/HR isthe Nodal Officer and Shri P.K. Sharma, Group General Manager/P-ll has been nominated as the Grievance Officer for seamless implementation of 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 had prepared the annual accounts on a going concern basis.

e)    the Directors had 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

Mr. A. K. Ganju, superannuated as whole-time

Director (Finance) on October 31, 2017 and Mr. K.

K. Agarwal, ceased to be a Director as Nomination

was withdrawn by appointing authority, on

March 8,2018.

rolled out to all PIUs, digitizing all employee matters viz. travel, claims, payments, leave, etc. Digitalization of APAR with entire processing has been implemented in case of all RVNL employee in EO & above level. The completed APARs were digitally communicated to all employees on 29th December, 2017 before the target date of 31st December, 2017.

E-Office with features of online filing, office communication, meeting management, decision recording, Vigilance and D&AR processes, has been piloted at Corporate Office and Delhi-PIU.

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 had 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

The following Directors were appointed up to the date of the Directors Report

S. No.

Directors Name

Designation

Date of Appointment

1.

Mr. Arun Kumar

Director (Operations)

October 10, 2017

2.

Mr. Rajen Habib Khwaja

Independent Director

October 13, 2017

3.

Mrs. Sabita Pradhan

Independent Director

October 17, 2017

4.

Mr. A. P. Dwivedi ED(PSU)/Railway Board

Government Nominee Director

March 23,2018

5.

Dr. L. V. Muralikrishna Reddy

Independent Director

March 23,2018

6.

Dr. Anil Kumar

Independent Director

May21,2018

 

1.

Mr. S.C. Agnihotri

Chairman and Managing Director

from 27.1.2010 as Managing Director and from 5.3.2013 onwards as CMD [Extended up to 31.8.2018]

2.

Mrs. Gita Mishra Director (Personnel)

from 13.10.2008 onwards

3.

Mr. VijayAnand Director (Projects)

from 9.4.2011 onwards [Extended up to 31.07.2019]

4.

Mr. Arun Kumar Director (Operations)

from 10.10.2017 onwards

5.

Mr. S C Jain,

ED (Works)/ Railway Board, Part- time (official) Director

from 18.01.2017 onwards

6.

Mr. A. P. Dwivedi ED (PSU) Railway Board, Part- time (official) Director

from 23.03.2018 onwards

7.

Mr. Vinayak B. Karanjikar Part-time (Non-official) Director

from 01.04.2016 onwards

8.

Mr. Shiv Kumar Gupta Part-time (Non-official) Director

from 01.04.2016 onwards

9.

Mr. Rajen Habib Khwaja Part-time (Non-official) Director

from 13.10.2017 onwards

10.

Mrs. Sabita Pradhan Part-time (Non-official) Director

from 17.10.2017 onwards

11.

Dr. LV Muralikrishna Reddy Part-time (Non-official) Director

from 23.03.2018 onwards

12.

Dr. Anil Kumar

Part-time (Non-official) Director

from 21.05.2018 onwards

On the date of report, the strength of the Board of Directors of the Company is 12 Directors comprising of 4 functional Directors including Chairman and Managing Director and 2 part-time (official) Directors and 6 part-time (non-official) Directors. One(1) Position of Director (Finance) is still vacant.

The following Directors are holding office as on the date of the report: -

Pradhan as Part-time (Non-official) Director on the Board of the Company since October 2017. Appointment/Resignations of Key Managerial Personnels

Apart from Chairman and Managing Director and Whole Time Directors, the following persons are also the Key Management Personnel of your Company in compliance with the provisions of section 2 (51) of Companies Act, 2013, SEBI (ICDR) Regulations, 2009and INDAS-24.

1.    Mr. A.K. Choudhary, (Chief Financial Officer)

2.    Mrs. Kalpana Dubey, (Company Secretary& Compliance Officer)

The Company has received declarations from the Independent Directors confirming that they meet the criteria of independence as prescribed under the Companies Act, 2013.

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. Your Company has Mrs. Gita Mishra as Director (Personnel) since October 2008 and Mrs. Sabita

Changes (Appointment/Cessation) in Key Management Personnels (KMP) during the year.

Name

Designation

Date of change

Reasons

Mr. Ashok K. Ganju

Director (Finance) & CFO

October31, 2017

Superannuation

Mr. A. K. Choudhary

Chief Financial Officer

November 01, 2017

Designated by the Board

Mr. Vijay Anand

Director (Projects)

March 23, 2018

Designated by the Board

Mrs. Gita Mishra

Director (Personnel)

March 23, 2018

Designated by the Board

Mr. Arun Kumar

Director (Operations)

March 23, 2018

Designated by the Board

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 notification No. F.No.1/2/2014-CL. V dated 5.6.2015 issued by Ministry of Corporate Affairs, to comply with the provisions of Sec 134(3)(p) with respect to Annual evaluation by the Board of its own performance and that of its Committees and Individual Directors. In case of RVNL, the performance evaluation of Directors is done by the Ministry of Railways.

Number of Meetings of the Board

Pursuant to the Companies Act, 2013 and Rules framed there under, seven (7) Board Meetings were held in the F.Y.2017-18. The details of the Meetings are in the Corporate Governance Report forming part of this report.

Audit Committee

The Audit Committee as on the date of the report comprises of Mr. Shiv Kumar Gupta, Part time (Non Official) Director, Mr. Vinayak B. Karanjikar, Part time (Non-Official) Director and Mr. A. P Dwivedi, Part time (Official) Director. All recommendations made by the Audit Committee were accepted by the Board. 2017. During his tenure as a Director of your Company, he has made significant contribution in the growth & development of the company. Company has benefited immensely from his vast experience and knowledge.

We also take this opportunity to gratefully acknowledge the cooperation, guidance and support received from 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. The 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. The Directors also place on record their appreciation to the officials of Comptroller & Auditor General of India for their guidance during the year under review. 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 invaluable contribution to the growth and development of the Company in attainment of the Company’s aims and goals in all spheres.

17.    AUDITORS

a)    Statutory Auditor

The Comptroller & Auditor General of India has appointed M/s Raj Har Gopal & Co. Chartered Accountants as Statutory Auditors of the Company for the year ended 31st March, 2018. The Board would like to thank them for their valuable support and guidance during the audit of accounts under review.

b)    Secretarial Auditor

The Board of Directors has appointed M/s PC Jain & Co. (Practicing Company Secretaries) to conduct the Secretarial Audit for financial year 2017-18. The Secretarial Audit Report is annexed and forms part of this Annual Report in Annexure D.

18.    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 31st March, 2018 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 31st March, 2018 shall also form part of this report.

19.    ACKNOWLEDGEMENTS

At the outset, the Company would also like to place on record and express their appreciation of the special contribution of Mr. Ashok K. Ganju, Director (Finance) who demitted office on 31stOctober,

                                          For and on behalf of Board of Directors

                                          Sd/-

Place: New Delhi              (S. C. Agnihotri)

Date: 13.08.2018              Chairman and Managing Director

 

 

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