New Delhi: Rail Vikas Nigam Ltd, a Mini Ratna 1, becomes the first Railway PSU to have manufactured a MEMU Coach shell, with the commissioning of Marathwada Rail Coach Factory on December 25, 2020.
RVNL is looking forward to manufacturing more Coach shells and roll out fully furnished advanced train sets from MRCF, Latur under the ‘Make in India’ program.
Rail Vikas Nigam Limited is an offshoot of the implementation of National Rail Vikas Yojana (NRVY) and came into being on 24.1.2003 as a 100% owned PSU of the Ministry of Railway. RVNL’s mandate includes mobilization of extra-budgetary resources through a mix of equity, and debt from banks, financial institutions, multilateral agencies like Asian Development Bank, and bilateral agencies for project execution through PPP by the formation of project-specific SPVs for Port and Hinterland connectivity. RVNL can enter into and carry on business relating to creation and augmentation of capacity of rail infrastructure on fast track.
