Rail Vikas Nigam Ltd.

Incorporated in 2003 by the Ministry of Railways India (MoR), Rail Vikas Nigam Limited (RVNL) is a project executing agency.What does RVNL do?RVNL is engaged in the business of mobilization of financial resources, rail project development, enhance golden quadrilateral and port connectivity by implementing rail projects and raise extra-budgetary resources for Indian Railway project execution. RVNL is involved in a verity of rail projects such as the construction of cable-stayed bridges, major bridges, workshops, metro projects, railway electrification, gauge conversion, new lines, doubling, and institutional buildings.RVNL Project SummaryMoR has assigned 172 projects to the RVNL till Feb 2019 and out of which 166 projects are executed. As of Dec 2018, an order book size is Rs 77,504.28 Cr. The company also charge an annual consolidated management fee from MoR including execution of 10% for national projects, 9.25% for the metro projects, and 8.50% for other plan heads.RVNL ClientsIndian Railway is the major client of the company and public sector undertakings, state, and central government departments, ministries are the other clients.RVNL Financial SummaryThe net profit of the company in FY 2015, 2016, 2017 is Rs 3,368.49 million, Rs 4,294.34 million, Rs 4,434.87 million and Rs 2,359.35 million, respectively.RVNL Competitive StrengthsThe competitive strengths of the company are:1. Consistent financial track record2. Undergo different categories of projects3. Authorized by MoR4. Standardized operation process5. Trained Professional and workforce

Rail Vikas Nigam Ltd. proposes to utilise the net proceeds from the Issue for the following objects: