Rail Vikas Nigam Limited (RVNL) has entered into an MoU with NHAI represented by the National Highways Logistics Management Limited (NHLML), in connection with Construction of Multi-Modal Logistics Parks (MMLPs) across PAN India under Bharatmala Pariyojana in September 2021.
- Given the objectives of improving logistics efficiency for goods generating and aggregating from ports, hinterland and for the Country as a whole, RVNL and NHLML agreed to co-operate and collaborate with each other in achieving the objectives for development of MMLP Project in an integrated manner.
- The role of RVNL will be for the design, planning, feasibility study, DPR, implementation and commissioning of the track connectivity work for MMLPs Separate MoUs and Agreements shall be drawn at appropriate stage for each MMLP which are planned at 35 locations in the Country.
- The idea is to provide state-of-the-art large-scale warehousing facilities for different types of commodities by forming project specific SPV(s) on a “Hub and Spoke Model”.
- This umbrella MoU shall be valid for five years and is extendable.
- Rail Vikas Nigam Limited (RVNL) undertakes execution of rail infrastructure projects of all types from concept to commissioning; raising non-budgetary resources by forming project specific SPVs.
- The company has achieved several milestones,including completion of many projects like new lines, doubling, gauge conversion and electrification.
- In addition, it also builds workshops, bridges, institutional buildings and metro lines.
- Safe Harbour: Statement(s) in this release are forward looking statements.
- These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change.
About RVNL:
- The company began its operation in 2005 with the appointment of Board of Directors.
- The company was granted Miniratna status in September 2013.
- RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.
- RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.
- The turnover of the company for the financial year 2019-20 has increased by 44.44%.
- The authorized share capital of the company is Rs. 3000 cr. with paid up share capital of Rs. 2085 cr.
- The company has been listed after its disinvestment of its stake of 12.16% of the company through IPO.
Source: RVNL-Press Release | Image Credit (representational): DFCCIL
