About Rail Vikas Nigam Ltd

Rail Vikas Nigam Limited was incorporated in New Delhi as a Public Limited Company on 24 January 2003. The Company was issued its Certificate of Commencement of Business on February 18, 2003. Further, the Company has been conferred the status of Schedule A - Public Sector Enterprise' and a Navratna Company effective from 1st May 2023. The Company is a wholly owned Government Company, as a project executing agency working for and on behalf of MoR. The Company was incorporated with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity and raising of extra- budgetary resources for project execution. The Company is into the business of executing and implementing all types of rail infrastructure projects including new lines, doubling (including 3rd/4th lines), gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, production units, institution buildings and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railways. Since the inception in 2003, MoR has transferred 172 projects to Rail Vikas of which 166 projects are sanctioned for execution. Out of these, 60 projects have been fully completed totaling to Rs. 167,777.00 million and the balance are ongoing. The Company has an order book of Rs.686,836.20 million as on February 28, 2018 which includes 106 ongoing projects. During the financial year ending March 31, 2017, the company has completed a total of 713.73 rkm of project length, which included 355.73 rkm of doubling and 358 rkm of railway electrification. The Company generally works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, etc. The projects undertaken by the company are spread all over the country and for efficient implementation of projects, 37 project implementation units (PIUs) have been established at different locations to execute projects in their geographical hinterland. They are located at Delhi, Mumbai, Kolkata (4 units), Chennai, Secunderabad (2 units), Bhubaneshwar (3 units), Bhopal (3 units), Jhansi, Kota, Jodhpur, Waltair (2 units), Bengaluru, Pune, Raipur (3 units), Lucknow (2 units), Rishikesh, Ahmedabad (2 units), Kanpur, Varanasi (2 units), Chandigarh, Mughalsarai, Ambala and Guwahati. The company's major client is the Indian Railways. Its other clients include various central and state government ministries, departments, and public sector undertakings. Rail Vikas Nigam Limited came out with an Initial Public Offering (IPO) of 253,457,280 equity shares of Face Value of Rs 10 each of the company through an offer for sale by the President of India, acting through the Ministry of Raliways, Govt. of India (the selling shareholder) for a cash price of Rs 19 per equity share aggregating to Rs 477.11 Crores. The face value of equity shares is Rs 10 each. The IPO was priced at Rs 19 per equity share. During the year 2017, Rail Vikas Nigam Ltd. (RVNL) received an amount of Rs 4,776.41 crore, for project expenditure during the current year, from Ministry of Railways (MOR) for execution of various works. Cumulatively, RVNL completed a total of 2353.32 km of doubling, 1590 km of gauge conversion, 213.82 km of new lines and 2837.07 km of railway electrification. Thus, as on 31 March 2017, 6994.21 km out of a total length of 17689 km of 161 sanctioned projects (8 projects of 902.86 km of length are yet to be sanctioned) assigned to RVNL, have been completed. During 2016-17, 713.73 km (355.73 km of doubling and 358 km of railway electrification) of project length have been physically completed. In addition, railway electrification of 199.71 km was also carried out in other than specific railway electrification projects as part of doubling. During FY 2017-18, RVNL completed was 885.5 km, which comprised 315.2 km of Doubling, 17 km of New Line, 86.3 km of Gauge Conversion, 42 km of Metropolitan Transport Project and 425 km of Railway Electrification. In addition, railway electrification of 153.87 km was also carried out in other than specific Railway Electrification Projects as part of Doubling. It completed the sections of important doubling projects including Daund-Gulbarga, Hospet-Tinaighat, Bina-Kota, Raipur- Titlagarh, Sambalpur- Titlagarh, etc. During the year 2018, Habibganj -Bina Block Section was completed, thus completing the full project (Habibganj- Bina 3rd Line). It completed the sections of important doubling projects including Daund-Gulbarga, Hospet-Tinaighat, Bina-Kota, Raipur- Titlagarh, Sambalpur- Titlagarh, etc. During the year 2018, Habibganj -Bina Block Section was completed, thus completing the full project (Habibganj- Bina 3rd Line). In 2017-18, it commissioned 604.97 km of Railway Electrification works on important routes, including 171.96 km of Pune-Wadi-Guntakal RE, 131.3 km of Chhapra-Balia-Gazipur-Varanasi-Allahabad Section, 79.86 km of Jakhal-Hisar RE, 74 km of Maheru-Hissar RE, 63.34 km of Amla-Chaindwara-Kulumna RE, 44.62 km of Raipur- Titlagarh RE, 27.2 km of Rewari- Maheru RE and 12.69 km of MMTS Phase-II. In addition, 156.49 km of RE was completed with doubling projects. It executed 100 Nos. of non-interlocking of stations for commissioning of works, which included 60 stations on 4th line, 3rd line and Doubling projects, 25 stations on Railway Electrification, 30 Mid-Section Level Crossing Gates interlocking and 15 IBS/ auto signal. It commissioned telecom works involving laying of optic fibre cables and 6 Quad cables of a total of 520 km. It completed project works of the Kutch Railway Company Ltd., Bharuch Dahej Railway Company Ltd. and Krishnapatnam Railway Company Ltd., which is presently under operations. During FY 2018-19, total project Length completed was 999.94 km, which comprised 263.83 km of Doubling, 129.19 km of New Line, 106.92 km of Gauge Conversion and 500 km of Railway Electrification. The divestment of 12.16% equity stake was announced by Government of India (i.e. Ministry of Railways) through Initial Public Offering (IPO) and the said Shares of the Company were listed on both the Stock Exchanges i.e. BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on 11th April, 2019. In FY 2019-20, RVNL completed 1959.83 km, which included 551.02 km of Doubling, 95.54 km of New Line, 105.41 km of Gauge Conversation and 1207.86 km of Railway Electrification. In addition, Railway Electrification of 355.88 km was also carried out in other than specific Railway Electrification projects as part of Doubling. It commissioned two important port connectivity projects, Haridaspur-Paradeep New BG Rail line with 25 KV for connecting Paradip Port with Howrah-Chennai Rail Line at Haridaspur and Obulavaripalli- Krishnapatnam New Line Project for connecting Krishnapatnam Port through rail link. It commissioned 713.79 km of pure Railway Electrification works on important routes and 204.08 km of RE with doubling projects. It completed the work on Vadlapudi-Wagon PoH Workshop of 200 Nos. Capacity Near Duvvada Station. In June 2019, it completed work on the Krishnapatnam Railway Section between Venkatachalam and Obulavaripali, having 2 tunnels with a total length of about 7.7 km. In Haridaspur-Paradeep Railway Company Ltd., work on 82 km new line was completed and operation of goods trains have been started. Cumulatively, RVNL completed a total of 3483.37 km of doubling, 1888.63 km of gauge conversion, 455.55 km of new lines, 4969.93 km of pure Railway Electrification, 2385.29 km RE as part of NL/GC/DL and 42.0km of Metropolitan Transport Project (MTP). Thus, as on 31st March, 2020, 10839.48 km of project length out of a total length of 17104.62 km of 183 sanctioned projects (5 projects of 733.5 km of length are yet to be sanctioned) assigned to RVNL, have been completed. In FY 2019-20, it executed 191 Nos. of non-interlocking of stations for commissioning of works, which included commissioning of 84 new Electronic Interlocking (EI), & 9 new Panel Interlocking and alterations in existing 35 EIs, 57 existing PI stations and 6 Mechanical Signalling Stations of 4th line, 3rd line and Doubling projects/90 stations on Railway Electrification projects, interlocking of 25 Mid-section Level Crossing Gates and 56 IBS/Auto signals. It also commissioned telecom works involving laying of optic fibre cables and 6 Quad cables of a total of 1300 km. Total project Length completed during the F. Y. 2020-21 was 2306.39 km, which comprised 780.68 km of Doubling, 181.57 km of Gauge Conversation, 1340 km of Railway Electrification, 4.14 km of Metropolitan Transport Project (MTP). In 2020-21, 182 stations were interlocked by RVNL, which included commissioning of 66 new Electronic Interlocking, 4 new Panel Interlocking and alterations in existing 51 EIs, 54 existing PI stations and 7 Mechanical Signalling Stations of 4th line, 3rd line and Doubling projects/ 118 stations on Railway Electrification projects, interlocking of 18 Mid-section Level Crossing Gates and 23 IBS/Auto signals. Apart from these, it commissioned telecom works involving laying of optic fibre cables and 6 Quad cables totaling 1300 km. During the year. it commissioned 662.02 km of project length ,which comprised 56.49 km of New Line, 601.39 km of Doubling & 4.14 km of MTP Plan Head work. It completed 2306.39 km in 2020-21, which consisted 780.68 km of Doubling, 181.57 km of Gauge Conversation, 4.14 km of Metropolitan Transport Project (MTP) and 1340 km of Railway Electrification. In addition, Railway Electrification of 557.66 km was also carried out in other than specific Railway Electrification projects as part of Doubling. Two important projects, Bhopal-Bina- 3rd line (143 km) and Barkhera - Habibganj - 3rd line (41.420 km) were completed. RVNL completed a total of 5172.12 km of doubling, 2095.83 km of gauge conversion, 522.30 km of new lines, 6834.93 km of pure Railway Electrification, 3484.30 km RE as part of NL/GC/DL and 46.14km of Metropolitan Transport Project (MTP). Thus, as on 31st March, 2022, 14671.32 km of project length out of a total length of 17, 123.72 km of 192 sanctioned projects (3 projects of 205.5 km of length are yet to sanction) assigned to RVNL, have been completed. In FY 2021-22, the Company commissioned Doubling with Electrification of Arangmahandi-Lakholi Section on 5th August, 2021. It completed 525 Piles in 5 months to High-Density Rail Network Near Gudur in connection with a Rail Flyover. It completed Railway Electrification Works of Alnavar-Londa Section, SWR on 1st August, 2021. It commissioned Automatic Drive-through Train Washing Plant at the New EMU Car Shed, Ranaghat, WB on 30th August, 2021. It completed 3rd line between Talamanchi and Srivenkatewarapalem in Vijayawada Division of South Central Railway on 24th December, 2021. The commissioned Doubling of Bhonra - Bijora railway line in West Central Railway on 9th April 2021. It completed Electrification of 51.22 Rkm / 127.47 TKM In Dudhani (Excl.)- Hotgi (Incl.) Bg Double Line In Solapur Division on 19th June, 2021. It executed Critical Works of 40 Piles near Railway track for new Rail Flyover near Gudur. It commissioned RE Works of Ultratech Cement siding at Ginigera. It raised FOB Over 3 Tracks And 2 Platforms at New Bongaigaon. It commissioned Phase-I Works of the Jheel Siding Coaching Depot at Howrah. It completed substructure works of Rail Bridge no 8 in connection with ongoing new BG Rail Line Rishikesh- Karnaprayag Project. During the year 2021-22, Company commissioned 1020.90 km of project length which included 704.80 km of Doubling and 316.10 km of Gauge Conversion thus crossing 1000 km commissioning barrier. 1525.45 km project length was completed including 66.75 km of New Line, 908.07 km of Doubling, 25.63 km of Gauge Conversation, 525 km of Railway Electrification. In addition, Railway Electrification of 541.35 km was also carried out in other than specific Railway Electrification projects as part of Doubling. 5 important projects Ahemdabad- Botad (170.48 km) Gauge Conversion, Dhasa-Jetalsar (104.44 km) Gauge Conversion, Raebareli- Amethi (60.1 km) doubling, Utretia- Rae Bareli (65.6 km) doubling and Secunderabad- Mahbubnagar (85.24 km) doubling projects were fully commissioned. It commissioned 776.29 Route km (1664.58 Track km) of pure Railway Electrification works on important routes. Apart from pure RE work, 376.01 km of RE was also commissioned with the doubling projects. Thus, 1152.30 km of electrified sections were made ready as in 2021-22. Raninagar Jalpaigudi- New Bongaigaon - Guwahati (Incl) RE (382 km), Chikjajur- Bellary RE (184 km) and Bengaluru-Omalur Via Hosur RE (196 km) RE projects were fully commissioned during the year. It commissioned 111 stations out of 444 Nos of new El/Pl installations on Indian Railways, which makes almost 25% of total stations commissioned in a Year. It commissioned many Major Yards such as Bina Station (423 signaling routes), Bitragunta station (336 signaling routes), Gwalior station (336 signaling routes), Rayru station (254 signaling routes), Sambalpur Station (245 signaling routes) and Bhimavaram Station (145 routes) demonstrating its technical progress in Signaling installation. For first time on Indian Railways, a Built inBlock working in Electronic Interlocking between MBNRDTP IB on Single line between BTTR-TMC was commissioned by RVNL on South Central Railway. It took up 152 Nos. of Non-Interlocking (NIs) of stations for commissioning of various works during the year. It commissioned not only 111 Nos of stations (109 New EIs & 02 New PIs) but also alterations in existing 35 Electronic Interlocking & 5 panel interlocking and 01 Mechanical signaling stations of Doubling & 3rd Line projects were done. Additionally, RVNL also commissioned 17 Stations of Railway Electrification Projects paving the way for all time high achievement of Railway Electrification by RVNL on IR. It also commissioned high numbers of Interlocking of mid-section level crossing gates that goes to 93 Nos. and 32 IBS/Auto signals. Not only on Signaling front, it incredibly achieved 1465 km of Fiber Optic Network and 6Quad Cable network during the year. It made progress on hill rail projects i.e., the Rishikesh- Karnaprayag section in Uttarakhand and Bhanupali-Bilaspur-Beri section in Himachal Pradesh Budni- Barkhera- 3rd line project in Madhya Pradesh. 31.54 km of tunneling which was completed in 2021-22. Part-I Project of Jheel Siding Coaching Depot at Howrah (ER) has been completed and handed over to Eastern Railway for operations. A new Rail Coach Naveenikaran Karkhana at Sonipat was set up and commissioned for mid-life refurbishment of LHB type of coaches, which has a capacity of turning out 250 LHB coaches per annum. The process of increasing EMU Car Shed at Ranaghat (Part-I) was completed and hand over to ER for operations in August 2021. It also completed setting up New MEMU Car Shed, 'Gaya' for maintaining 30 rakes of 16 coaches (ECR). During the year 2022-23, RVNL crossed 1000 km commissioning benchmark for New Lines, Doublings and Gauge Conversion. 1343.30 km of project length was commissioned consisting of 119 km of New Line, 925.00 km of Doubling and 299.3 km of Railway Electrification. These were handed over to Zonal Railways for operations. Additionally, Railway Electrification of 655 km was also carried out as part of Doubling. During 2022-23, 863.02 km project length was completed including 67.06 km of New Line, 497.88 km of Doubling, 271.12 km of Railway Electrification and 26.96 km of Metropolitan Transport Project (MTP). In addition, Railway Electrification of 334.59 km was also carried out as part of Doubling. During the year 2023, RVNL fully commissioned nearly 8 important projects, comprising of Sambalpur-Titlagarh (182 km); Bhimsen-Jhansi (206 km) with RE; Daund- Gulbarga- Doubling (224.9 km); Pune- Guntakal -Electrification (641.37 km); Vijaywada-Gudivada- Bhimavaram-Narasapur, Gudivada-Machlipatnam and BhimavaramNidadavolu (221 km) - Doubling with electrification; Bina -Kota (282.66 km) with electrification, Palanpur- Samakhiali (247.73 km) and Raipur-Titlagarh (203 km) doubling project. During FY 2022- 23, RVNL commissioned 93 new EI/PIs installations on Indian Railways. Apart from new EIs; it commissioned Alterations in 53 Els/PIs installations on Indian Railways; commissioned many Major Yard remodellings of Bhatinda RRI Station (717 signaling routes), Kota Station (534 signaling routes), Garwha Road Station (336 signaling routes), Titlagarh (254 signaling routes), VKT Station (249 signaling routes), ANB Station (192 routes) & PGU Station (177 routes) thus manifesting its technical + managerial capability; commissioned the high number of 52 IBS/Auto signals and Interlocking of 46 midsection level crossing gates. In 2023, progress was made on the hill rail projects assigned to RVNL, that is, the Rishikesh-Karnaprayag section in Uttarakhand, Bhanupali-Bilaspur-Beri Section in Himachal Pradesh and Budni- Barkhera- 3rd Line Project in Madhya Pradesh. 100 km of tunnelling was completed by RVNL in 2022-23. Two tunnel boring machines commissioned by RVNL for the first time in Himalayan geology in Indian Railways. The Rail Coach Naveenikaran Karkhana, Jhansi Workshop was commissioned in September 2022; EMU Car Shed, Ranaghat completed in December 2022; Infrastructure facility at Jheel Siding Coaching Depot, Howrah completed in January, 2023; Tower Wagon POH Shed, Dullahapur completed in March 2023; New Gharia Via Rajerhat Metro Railway Project completed in Sep'22. During the year 2023, Joka- Taratala (13.02 km) Section of Joka- Esplanade Section of Kolkata Metro and New Garia- Hemanta Mukherjee (11.0 km) Section of New Garia- Biman Bandar Section of Metro Railway were commissioned. Angul-Sukinda New Line Project 95 km became operative in January 2023. The President of India (POI) divested 12.16% of its equity shareholding in the Company and as a result, the present shareholding of GOI stood at 72.84% as of March 31, 2023.

Rail Vikas Nigam Ltd Chairman Speech

Pradeep Gaur

Chairman & Managing Director

It's a matter of profound honour to present the 20th Annual Report of your Company. The audited accounts of the Company for the financial year 2022-23, along with the Directors' Report and reports of Auditors and comments of Comptroller and Auditor General of India have been circulated.

Your Company was established with the mandate of fast track implementation of rail infrastructure projects working for and on behalf of Ministry of Railways as its executing arm. The contribution of RVNL is amply demonstrated by its performance and in 30 Project Implementation Units established at 24 locations across the length and breadth of the Country. RVNL is executing projects in all the Zonal Railways and 19 States of the Country.

It is my absolute delight to inform that considering the consistent outstanding performance of your organization, the Union Government has upgraded the status of your organization from Schedule-1 Mini Ratnato NAVARATNA during this financial year. With Navaratna ¹ status, there is greater freedom and responsibility. I am sure that your company will scale newer heights.

Financial Performance

In 2022-23, RVNL increased its expenditure on project execution from Rs 19,381.71 crore to Rs 20,281.57 crore thus crossing the coveted milestone of Rs 20,000 crore, which excludes the element of Rs 3343.47 crore as GST. This reflects an increase of 4.64%.

Profit Before Tax increased from Rs 1406.10 crore in 2021-22 crore to Rs 1644.38 crore in 2022-23, and Profit After Tax (PAT) of the Company is at Rs 1267.41 crore, showing an increase of 16.57 % over the previous year.

In view of the improved financial performance, the Directors of your Company have recommended/paid payment of the highest ever dividend (Interim and Final) of Rs 444.11 crore for 2022-2023, compared to Rs 329.43 crore in the previous year. As a result, the effective management fee of RVNL got reduced from 8.5% to 6.58%, With this, the cumulative Dividend paid to the Ministry stands at Rs 1826.34 crore (excluding Rs. 75.06 crores towards final dividend recommended by the Board of Directors to the Shareholders) .

In 2022-23, RVNL increased its expenditure on project execution from Rs 19,381.71 crore to Rs 20,281.57 crore thus crossing the coveted milestone of Rs 20,000 crore, which excludes the element of Rs 3343.47 crore as GST. This reflects an increase of 4.64%.

Physical performance

Doubling / New Line / Gauge Conversion:

During the year, RVNL again crossed 1000 km commissioning benchmark for New Lines, Doublings and Gauge Conversion. 1343.30 km of project length was commissioned consisting of 119 km of New Line, 925.00 km of Doubling and 299.3 km of Railway Electrification. These were handed over to Zonal Railways for operations. Additionally, Railway Electrification of 655 km was also carried out as part of Doubling.

During 2022-23, 863.02 km project length was completed including 67.06 km of New Line, 497.88 km of Doubling, 271.12 km of Railway Electrification and 26.96 km of Metropolitan Transport Project (MTP). In addition, Railway Electrification of 334.59 km was also carried out as part of Doubling.

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

a) Sambalpur-Titlagarh (182 km)

b) Bhimsen-Jhansi (206 km) with RE

c) Daund- Gulbarga- Doubling (224.9 km)

d) Pune- Guntakal -Electrification (641.37 km)

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

f) Bina -Kota (282.66 km) with electrification,

g) Palanpur- Samakhiali (247.73 km)

h) Raipur-Titlagarh (203 km) doubling project.

Railway Electrification:

During the year, with the focus of the Ministry on the commissioning of Railway Electrification projects, Company commissioned 299.3 Route km (681.6 Track km) of pure Railway Electrification works on important routes. Apart from pure RE work, 655 km of RE was also commissioned with the doubling projects. Thus, 924.30 km of electrified sections were commissioned in 2022-23. Railway Electrification of Sambalpur-Titlagarh Doubling project (96.596 km) & Palanpur- Samakhiali (247.73 km) project was fully commissioned during the year.

Signalling & Telecom:

Signaling & Telecommunication (S&T) domain is a core expertise of providing signalling solutions for efficient and safe operation of trains on Indian Railways. There has been a significant induction of modern technologies on Indian Railways namely Electronic Interlocking (EI), Digital Axle Counters, Fibre Optic Cable Network facilitating capacity building in the recent years.

The technology driven advancement is primarily aimed to achieve high level of safety in train operations and increased speeds of trains with higher density of traffic. This ensures the turnaround time of Freight Trains is minimal as well as punctual operation of Coaching Trains is achieved. With tireless effort of S&T team of RVNL in the area of Railway Infrastructure, Indian Railways is able to achieve many milestones in the sector of freight loading and operation of large number of passenger trains across the length and breadth of the country.

RVNL is a major contributor in providing EI installations on Indian Railways in connection with most complicated projects of Doubling, 3rd Line, New Line and Gauge Conversion. Keeping its tradition high, during FY 202223, RVNL has commissioned 93 new EI/PIs installations on Indian Railways. Apart from new EIs; RVNL has commissioned Alterations in 53 Els/PIs installations on Indian Railways.

RVNL has also commissioned many Major Yard remodellings of Bhatinda RRI Station (717 signaling routes), Kota station (534 signaling routes), Garwha Road station (336 signaling routes), Titlagarh (254 signaling routes), VKT station (249 signaling routes), ANB station (192 routes) & PGU station (177 routes) thus manifesting its technical + managerial capability.

RVNL executed 146 Non-Interlocking (NIs) of stations for commissioning of Doubling & 3rd Line projects during the year. RVNL also commissioned the high number of 52 IBS/Auto signals and Interlocking of 46 midsection level crossing gates. Not only on the Signalling front, but RVNL also had the incredible achievement in telecommunication by providing 1350 km of Fibre Optic Network and 6 Quad Cable network during the year.

Railway Board in recognition of RVNL's core competence, entrusted RVNL to approve Logic & Interface Circuits on its own through 3rd Party IRSTELO license holders for CR, SCR, WR & WCR up to 75 routes. RVNL has approved Logic & Interface Circuits of 104 stations.

Hill Railway Projects:

Extraordinary progress was made on the hill rail projects assigned to RVNL, that is, the Rishikesh-Karnaprayag section in Uttarakhand, Bhanupali-Bilaspur-Beri section in Himachal Pradesh and Budni- Barkhera- 3rd line project in Madhya Pradesh. 100 km of tunnelling was completed by RVNL in 2022-23. In manifestation of its technological prowess, two tunnel boring machines were commissioned by RVNL for the first time in Himalayan geology in Indian Railways.

Workshops:

RVNL has always shown its capability for planning and delivery of State-of-the-Art Railway Workshops and augmentation of capacity of Production Units. RVNL had successfully completed 13 workshop projects upto 2021-22. During the year, 4 Workshop projects and 1 Metro Depot were fully completed.

Rail Coach Naveenikaran Karkhana, Jhansi: The workshop was completed in September 2022.

EMU Car Shed, Ranaghat: The workshop was completed in December 2022.

Infrastructure facility at Jheel siding Coaching Depot, Howrah: The workshop was completed in January 2023.

Tower Wagon POH Shed, Dullahapur: The workshop was completed in March 2023.

Metro Depot Augmentation, Kavi Subhash: This depot is part of Dum Dum - New Gharia Via Rajerhat Metro Railway Project and was completed in September 2022.

Metro Projects:

The projects of Kolkata Metro has continuous challenge of acquisition of land, clearances and removal of hindrances by the local authorities.

With the proactive support from the Ministry of Railways and State Government, the projects got the required push. During the year, Joka- Taratala (13.02 km) section of Joka- Esplanade section of Kolkata Metro and New Garia- Hemanta Mukherjee (11.0 km) section of New Garia- Biman Bandar Section of Metro Railway were commissioned.

Pamban - Vertical Lifting Bridge:

The work on the country's only movable bridge at Rameshwaram is progressing well with the state of Art technology and best technical expertise. This work will be completed in 2023-24.

Special Purpose Vehicles:

RVNL has taken the lead for establishing five joint venture Special Purpose Vehicles (SPVs) in partnership with various stakeholders including Ports, Mines, State Governments etc. for implementation of rail connectivity project. RVNL has contributed an equity of Rs 1143.70 crore, against which projects worth Rs 11816 crore are being implemented with contribution of equity by the project partners and raising of funds through Financial Institutions. It is a matter of absolute satisfaction that all the five projects have been commissioned.

These SPVs have generated Rs. 1,00,052 crore revenue for Indian Railways, without any additional investment. In FY 2022-23, these SPVs handled 38093 loaded rakes and 103.18 MT freight loading was handled.

Doubling of 247 km of the Kutch Railway line between Palanpur and Samakhiali which is being funded completely by the SPV at an estimated cost of Rs 2867 crore, has been taken up by RVNL on behalf of the SPV and was commissioned on 24.02.2023. Electrification of this line at an estimated cost of Rs 755 crore was also commissioned on 30.03.2023 with exclusive SPV funding.

During the year, Angul-Sukinda New Line project 95 km became operationalised in January 2023. Major beneficiaries of this line would be steel plants in Angul region (transporting iron ore from Banspani and Chromate from Sukinda) and coal based thermal power plants in Sukinda receiving thermal coal from Talcher coal fields 177 loaded rakes were handled in the month of March 2023.

New Horizons: Works through Open Bidding

I am very happy to inform you that your company is very vibrant and are salient organisation. We have successfully ventured into a new phase by obtaining mega infrastructure projects through Open bidding.

During the year, RVNL bagged following major works:

r Construction of Single BG Tunnel Line No. 06 (approx. length 4930m) in connection with DMV- Kohima new BG Line Project,

Y Development of Kharicut Canal

v Development of the UTF Harbour Project in Maldives

v Construction of Six Lane Elevated Kona Expressway in the state of West Bengal

Y Construction of 6-lane Greenfield Varanasi-Ranchi- Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra under Bharatmala Pariyojana in the state of Jharkhand

Y Provision of Automatic Block Signalling with Dual MSDAC, EI/OC interface and Block Optimization in Southern Railway (Reach-I, II & III)

Y Construction of Elevated Viaduct (approximate length of 10 km), nine (9) Elevated Metro Stations for Chennai Metro

Y Construction of Bhesan Depot Cum Workshop for Surat Metro Rail Project etc.

All the works are progressing well thus manifesting RVNL's technical capabilities and its versatility.

I am confident that with taking works through open bidding, your company will now scale greater heights without limiting only to Railway sector.

Human Resource Development

The primary focus of RVNL Management has been to not only attract highly motivated, skilled, and experienced manpower but also to retain them by facilitating the right environment, competitive perks and ample opportunities for a better career progression through training and support.

I am happy to report that HR team of your company has taken commendable initiatives in 2022-2023 for improving the satisfaction level of employees as detailed below:

(T) Not only timely promotions were made but also orders were issued even before completion of requisite years of service in the particular grade resulting in no loss of service for further promotion.

(2) Gratuity Trust- Previously provision of gratuity was made each quarter to meet with the future liability of gratuity payment to the employee without channelizing through any Gratuity Trust/Fund manager. Now Gratuity Trust has been created thereby financial prudence has been introduced.

(3) RVNL Medical and Welfare scheme- RVNL Medical and Welfare Scheme which provides medical benefits to retired employees of RVNL and meets other emergency needs of employees in distress was last updated in April 2018. The same has been amended incorporating changes and also streamlined the management of funds duly approved by BOD. Some of the amendments have also been incorporated in the Medical Rule of RVNL employees, thereby giving more medical benefits to the employees.

(4) Various Competency building and training initiatives including online training of staff were taken such as training in Tunnels & Tunnelling, GST-ITC, Works Construction, RCM, Litigation Handling etc., Project Management, PPP and Project Finance, Overview of GFR & Public Procurement through GeM (with latest Amendments).

(T) RVNL has been following Government Policies diligently in regard to procurement through GeM and effective implementation of Public Procurement Policy for MSEs.

v Out of total procurement of Rs. 43.36 crore of Goods & Services for the year 2022-23, GeM procurement was 42.87% against the target of 25%.

v MSMS procurement was 41.78% against target of 25%.

Y Procurement through woman entrepreneur was 6.84% against the target of 3%.

Y Inspite of best efforts, procurement through SC/ST vendors was 1.13% against target of 4% due to reasons entirely beyond our control.

Corporate Social Responsibility

RVNL is conscious of its social responsibility. During 2022-23, the Company spent Rs 26.26 crore on CSR initiatives, which is more than 2 percent of PBT for the last three proceedings Financial Years i.e. Rs 23.68 crore. Rs 22.13 lakh set off in pursuance of sub-rule (3) of rule 7 of the Companies (CSR Policy) Rules, 2014 due to excess expenditure more than 2 percent in last financial 2021

22. Thus, CSR liabilities of RVNL in FY 2022-23 was Rs 23.46 crore. The main focus of the Company is in the areas of education, health, and sanitation.

MOU Performance

It is with a great deal of satisfaction that based on the overall performance, your Company has got 97.83 marks out of 100. It retained ‘Excellent' rating by Department of Public Enterprises for the financial year 2021-22. The company has been rated Excellent for 12th consecutive year. The grading achieved by your company was highest among Railway CPSEs.

ISO certifications

I am happy to inform that during the year, RVNL has achieved ISO certifications on ISO 9001, ISO 14001 & ISO 45001 for Quality Management System, Environmental Management System & Occupational Health & Safety Management System on 24.03.2023. This Certification is a stamp on the commitment of RVNL as an organization to ensure Quality in all its processes and deliverables, sensitivity towards environment and providing safe and healthy work environment to the all our employees. Apart from this, ISO is also playing an important role in efficiency improvement of your organization.

Corporate Governance

RVNL maintains a robust system of checks and balances to ensure that the authority of decision making is exercised with due care and responsibility, to meet the aspirations of Shareholders and society. Your Company complies meticulously with all legal requirements and Government guidelines regarding Corporate Governance. A Report on Corporate Governance and Management Discussion and Analysis forms part of the Annual Report.

Acknowledgements

In the end, I would like to mention that all the achievements of RVNL, would not have been possible without the wholehearted support provided by Indian Railways. I am also grateful for the encouragement and confidence reposed in RVNL by the Chairman and Members of the Railway Board and other officers, that helped RVNL in contributing substantially to its development.

I, express my sincere thanks to our esteemed Shareholders, Ministry of Finance, Department of Public Enterprises, Ministry of Heavy Industries, the State Governments, Zonal Railways, ADB, IRFC, Financial Institutions, C&AG's office, our bankers and stakeholders in various railway projects and national and international contractors for their unstinted cooperation to RVNL. I would also like to place on record my deep appreciation for the devotion and dedication of all my fellow RVNL employees who have been pillars of strength for the Company and have delivered their best despite challenges.

Sd/-

Pradeep Gaur

Chairman & Managing Director

   

Rail Vikas Nigam Ltd Company History

Rail Vikas Nigam Limited was incorporated in New Delhi as a Public Limited Company on 24 January 2003. The Company was issued its Certificate of Commencement of Business on February 18, 2003. Further, the Company has been conferred the status of Schedule A - Public Sector Enterprise' and a Navratna Company effective from 1st May 2023. The Company is a wholly owned Government Company, as a project executing agency working for and on behalf of MoR. The Company was incorporated with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity and raising of extra- budgetary resources for project execution. The Company is into the business of executing and implementing all types of rail infrastructure projects including new lines, doubling (including 3rd/4th lines), gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, production units, institution buildings and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railways. Since the inception in 2003, MoR has transferred 172 projects to Rail Vikas of which 166 projects are sanctioned for execution. Out of these, 60 projects have been fully completed totaling to Rs. 167,777.00 million and the balance are ongoing. The Company has an order book of Rs.686,836.20 million as on February 28, 2018 which includes 106 ongoing projects. During the financial year ending March 31, 2017, the company has completed a total of 713.73 rkm of project length, which included 355.73 rkm of doubling and 358 rkm of railway electrification. The Company generally works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, etc. The projects undertaken by the company are spread all over the country and for efficient implementation of projects, 37 project implementation units (PIUs) have been established at different locations to execute projects in their geographical hinterland. They are located at Delhi, Mumbai, Kolkata (4 units), Chennai, Secunderabad (2 units), Bhubaneshwar (3 units), Bhopal (3 units), Jhansi, Kota, Jodhpur, Waltair (2 units), Bengaluru, Pune, Raipur (3 units), Lucknow (2 units), Rishikesh, Ahmedabad (2 units), Kanpur, Varanasi (2 units), Chandigarh, Mughalsarai, Ambala and Guwahati. The company's major client is the Indian Railways. Its other clients include various central and state government ministries, departments, and public sector undertakings. Rail Vikas Nigam Limited came out with an Initial Public Offering (IPO) of 253,457,280 equity shares of Face Value of Rs 10 each of the company through an offer for sale by the President of India, acting through the Ministry of Raliways, Govt. of India (the selling shareholder) for a cash price of Rs 19 per equity share aggregating to Rs 477.11 Crores. The face value of equity shares is Rs 10 each. The IPO was priced at Rs 19 per equity share. During the year 2017, Rail Vikas Nigam Ltd. (RVNL) received an amount of Rs 4,776.41 crore, for project expenditure during the current year, from Ministry of Railways (MOR) for execution of various works. Cumulatively, RVNL completed a total of 2353.32 km of doubling, 1590 km of gauge conversion, 213.82 km of new lines and 2837.07 km of railway electrification. Thus, as on 31 March 2017, 6994.21 km out of a total length of 17689 km of 161 sanctioned projects (8 projects of 902.86 km of length are yet to be sanctioned) assigned to RVNL, have been completed. During 2016-17, 713.73 km (355.73 km of doubling and 358 km of railway electrification) of project length have been physically completed. In addition, railway electrification of 199.71 km was also carried out in other than specific railway electrification projects as part of doubling. During FY 2017-18, RVNL completed was 885.5 km, which comprised 315.2 km of Doubling, 17 km of New Line, 86.3 km of Gauge Conversion, 42 km of Metropolitan Transport Project and 425 km of Railway Electrification. In addition, railway electrification of 153.87 km was also carried out in other than specific Railway Electrification Projects as part of Doubling. It completed the sections of important doubling projects including Daund-Gulbarga, Hospet-Tinaighat, Bina-Kota, Raipur- Titlagarh, Sambalpur- Titlagarh, etc. During the year 2018, Habibganj -Bina Block Section was completed, thus completing the full project (Habibganj- Bina 3rd Line). It completed the sections of important doubling projects including Daund-Gulbarga, Hospet-Tinaighat, Bina-Kota, Raipur- Titlagarh, Sambalpur- Titlagarh, etc. During the year 2018, Habibganj -Bina Block Section was completed, thus completing the full project (Habibganj- Bina 3rd Line). In 2017-18, it commissioned 604.97 km of Railway Electrification works on important routes, including 171.96 km of Pune-Wadi-Guntakal RE, 131.3 km of Chhapra-Balia-Gazipur-Varanasi-Allahabad Section, 79.86 km of Jakhal-Hisar RE, 74 km of Maheru-Hissar RE, 63.34 km of Amla-Chaindwara-Kulumna RE, 44.62 km of Raipur- Titlagarh RE, 27.2 km of Rewari- Maheru RE and 12.69 km of MMTS Phase-II. In addition, 156.49 km of RE was completed with doubling projects. It executed 100 Nos. of non-interlocking of stations for commissioning of works, which included 60 stations on 4th line, 3rd line and Doubling projects, 25 stations on Railway Electrification, 30 Mid-Section Level Crossing Gates interlocking and 15 IBS/ auto signal. It commissioned telecom works involving laying of optic fibre cables and 6 Quad cables of a total of 520 km. It completed project works of the Kutch Railway Company Ltd., Bharuch Dahej Railway Company Ltd. and Krishnapatnam Railway Company Ltd., which is presently under operations. During FY 2018-19, total project Length completed was 999.94 km, which comprised 263.83 km of Doubling, 129.19 km of New Line, 106.92 km of Gauge Conversion and 500 km of Railway Electrification. The divestment of 12.16% equity stake was announced by Government of India (i.e. Ministry of Railways) through Initial Public Offering (IPO) and the said Shares of the Company were listed on both the Stock Exchanges i.e. BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on 11th April, 2019. In FY 2019-20, RVNL completed 1959.83 km, which included 551.02 km of Doubling, 95.54 km of New Line, 105.41 km of Gauge Conversation and 1207.86 km of Railway Electrification. In addition, Railway Electrification of 355.88 km was also carried out in other than specific Railway Electrification projects as part of Doubling. It commissioned two important port connectivity projects, Haridaspur-Paradeep New BG Rail line with 25 KV for connecting Paradip Port with Howrah-Chennai Rail Line at Haridaspur and Obulavaripalli- Krishnapatnam New Line Project for connecting Krishnapatnam Port through rail link. It commissioned 713.79 km of pure Railway Electrification works on important routes and 204.08 km of RE with doubling projects. It completed the work on Vadlapudi-Wagon PoH Workshop of 200 Nos. Capacity Near Duvvada Station. In June 2019, it completed work on the Krishnapatnam Railway Section between Venkatachalam and Obulavaripali, having 2 tunnels with a total length of about 7.7 km. In Haridaspur-Paradeep Railway Company Ltd., work on 82 km new line was completed and operation of goods trains have been started. Cumulatively, RVNL completed a total of 3483.37 km of doubling, 1888.63 km of gauge conversion, 455.55 km of new lines, 4969.93 km of pure Railway Electrification, 2385.29 km RE as part of NL/GC/DL and 42.0km of Metropolitan Transport Project (MTP). Thus, as on 31st March, 2020, 10839.48 km of project length out of a total length of 17104.62 km of 183 sanctioned projects (5 projects of 733.5 km of length are yet to be sanctioned) assigned to RVNL, have been completed. In FY 2019-20, it executed 191 Nos. of non-interlocking of stations for commissioning of works, which included commissioning of 84 new Electronic Interlocking (EI), & 9 new Panel Interlocking and alterations in existing 35 EIs, 57 existing PI stations and 6 Mechanical Signalling Stations of 4th line, 3rd line and Doubling projects/90 stations on Railway Electrification projects, interlocking of 25 Mid-section Level Crossing Gates and 56 IBS/Auto signals. It also commissioned telecom works involving laying of optic fibre cables and 6 Quad cables of a total of 1300 km. Total project Length completed during the F. Y. 2020-21 was 2306.39 km, which comprised 780.68 km of Doubling, 181.57 km of Gauge Conversation, 1340 km of Railway Electrification, 4.14 km of Metropolitan Transport Project (MTP). In 2020-21, 182 stations were interlocked by RVNL, which included commissioning of 66 new Electronic Interlocking, 4 new Panel Interlocking and alterations in existing 51 EIs, 54 existing PI stations and 7 Mechanical Signalling Stations of 4th line, 3rd line and Doubling projects/ 118 stations on Railway Electrification projects, interlocking of 18 Mid-section Level Crossing Gates and 23 IBS/Auto signals. Apart from these, it commissioned telecom works involving laying of optic fibre cables and 6 Quad cables totaling 1300 km. During the year. it commissioned 662.02 km of project length ,which comprised 56.49 km of New Line, 601.39 km of Doubling & 4.14 km of MTP Plan Head work. It completed 2306.39 km in 2020-21, which consisted 780.68 km of Doubling, 181.57 km of Gauge Conversation, 4.14 km of Metropolitan Transport Project (MTP) and 1340 km of Railway Electrification. In addition, Railway Electrification of 557.66 km was also carried out in other than specific Railway Electrification projects as part of Doubling. Two important projects, Bhopal-Bina- 3rd line (143 km) and Barkhera - Habibganj - 3rd line (41.420 km) were completed. RVNL completed a total of 5172.12 km of doubling, 2095.83 km of gauge conversion, 522.30 km of new lines, 6834.93 km of pure Railway Electrification, 3484.30 km RE as part of NL/GC/DL and 46.14km of Metropolitan Transport Project (MTP). Thus, as on 31st March, 2022, 14671.32 km of project length out of a total length of 17, 123.72 km of 192 sanctioned projects (3 projects of 205.5 km of length are yet to sanction) assigned to RVNL, have been completed. In FY 2021-22, the Company commissioned Doubling with Electrification of Arangmahandi-Lakholi Section on 5th August, 2021. It completed 525 Piles in 5 months to High-Density Rail Network Near Gudur in connection with a Rail Flyover. It completed Railway Electrification Works of Alnavar-Londa Section, SWR on 1st August, 2021. It commissioned Automatic Drive-through Train Washing Plant at the New EMU Car Shed, Ranaghat, WB on 30th August, 2021. It completed 3rd line between Talamanchi and Srivenkatewarapalem in Vijayawada Division of South Central Railway on 24th December, 2021. The commissioned Doubling of Bhonra - Bijora railway line in West Central Railway on 9th April 2021. It completed Electrification of 51.22 Rkm / 127.47 TKM In Dudhani (Excl.)- Hotgi (Incl.) Bg Double Line In Solapur Division on 19th June, 2021. It executed Critical Works of 40 Piles near Railway track for new Rail Flyover near Gudur. It commissioned RE Works of Ultratech Cement siding at Ginigera. It raised FOB Over 3 Tracks And 2 Platforms at New Bongaigaon. It commissioned Phase-I Works of the Jheel Siding Coaching Depot at Howrah. It completed substructure works of Rail Bridge no 8 in connection with ongoing new BG Rail Line Rishikesh- Karnaprayag Project. During the year 2021-22, Company commissioned 1020.90 km of project length which included 704.80 km of Doubling and 316.10 km of Gauge Conversion thus crossing 1000 km commissioning barrier. 1525.45 km project length was completed including 66.75 km of New Line, 908.07 km of Doubling, 25.63 km of Gauge Conversation, 525 km of Railway Electrification. In addition, Railway Electrification of 541.35 km was also carried out in other than specific Railway Electrification projects as part of Doubling. 5 important projects Ahemdabad- Botad (170.48 km) Gauge Conversion, Dhasa-Jetalsar (104.44 km) Gauge Conversion, Raebareli- Amethi (60.1 km) doubling, Utretia- Rae Bareli (65.6 km) doubling and Secunderabad- Mahbubnagar (85.24 km) doubling projects were fully commissioned. It commissioned 776.29 Route km (1664.58 Track km) of pure Railway Electrification works on important routes. Apart from pure RE work, 376.01 km of RE was also commissioned with the doubling projects. Thus, 1152.30 km of electrified sections were made ready as in 2021-22. Raninagar Jalpaigudi- New Bongaigaon - Guwahati (Incl) RE (382 km), Chikjajur- Bellary RE (184 km) and Bengaluru-Omalur Via Hosur RE (196 km) RE projects were fully commissioned during the year. It commissioned 111 stations out of 444 Nos of new El/Pl installations on Indian Railways, which makes almost 25% of total stations commissioned in a Year. It commissioned many Major Yards such as Bina Station (423 signaling routes), Bitragunta station (336 signaling routes), Gwalior station (336 signaling routes), Rayru station (254 signaling routes), Sambalpur Station (245 signaling routes) and Bhimavaram Station (145 routes) demonstrating its technical progress in Signaling installation. For first time on Indian Railways, a Built inBlock working in Electronic Interlocking between MBNRDTP IB on Single line between BTTR-TMC was commissioned by RVNL on South Central Railway. It took up 152 Nos. of Non-Interlocking (NIs) of stations for commissioning of various works during the year. It commissioned not only 111 Nos of stations (109 New EIs & 02 New PIs) but also alterations in existing 35 Electronic Interlocking & 5 panel interlocking and 01 Mechanical signaling stations of Doubling & 3rd Line projects were done. Additionally, RVNL also commissioned 17 Stations of Railway Electrification Projects paving the way for all time high achievement of Railway Electrification by RVNL on IR. It also commissioned high numbers of Interlocking of mid-section level crossing gates that goes to 93 Nos. and 32 IBS/Auto signals. Not only on Signaling front, it incredibly achieved 1465 km of Fiber Optic Network and 6Quad Cable network during the year. It made progress on hill rail projects i.e., the Rishikesh- Karnaprayag section in Uttarakhand and Bhanupali-Bilaspur-Beri section in Himachal Pradesh Budni- Barkhera- 3rd line project in Madhya Pradesh. 31.54 km of tunneling which was completed in 2021-22. Part-I Project of Jheel Siding Coaching Depot at Howrah (ER) has been completed and handed over to Eastern Railway for operations. A new Rail Coach Naveenikaran Karkhana at Sonipat was set up and commissioned for mid-life refurbishment of LHB type of coaches, which has a capacity of turning out 250 LHB coaches per annum. The process of increasing EMU Car Shed at Ranaghat (Part-I) was completed and hand over to ER for operations in August 2021. It also completed setting up New MEMU Car Shed, 'Gaya' for maintaining 30 rakes of 16 coaches (ECR). During the year 2022-23, RVNL crossed 1000 km commissioning benchmark for New Lines, Doublings and Gauge Conversion. 1343.30 km of project length was commissioned consisting of 119 km of New Line, 925.00 km of Doubling and 299.3 km of Railway Electrification. These were handed over to Zonal Railways for operations. Additionally, Railway Electrification of 655 km was also carried out as part of Doubling. During 2022-23, 863.02 km project length was completed including 67.06 km of New Line, 497.88 km of Doubling, 271.12 km of Railway Electrification and 26.96 km of Metropolitan Transport Project (MTP). In addition, Railway Electrification of 334.59 km was also carried out as part of Doubling. During the year 2023, RVNL fully commissioned nearly 8 important projects, comprising of Sambalpur-Titlagarh (182 km); Bhimsen-Jhansi (206 km) with RE; Daund- Gulbarga- Doubling (224.9 km); Pune- Guntakal -Electrification (641.37 km); Vijaywada-Gudivada- Bhimavaram-Narasapur, Gudivada-Machlipatnam and BhimavaramNidadavolu (221 km) - Doubling with electrification; Bina -Kota (282.66 km) with electrification, Palanpur- Samakhiali (247.73 km) and Raipur-Titlagarh (203 km) doubling project. During FY 2022- 23, RVNL commissioned 93 new EI/PIs installations on Indian Railways. Apart from new EIs; it commissioned Alterations in 53 Els/PIs installations on Indian Railways; commissioned many Major Yard remodellings of Bhatinda RRI Station (717 signaling routes), Kota Station (534 signaling routes), Garwha Road Station (336 signaling routes), Titlagarh (254 signaling routes), VKT Station (249 signaling routes), ANB Station (192 routes) & PGU Station (177 routes) thus manifesting its technical + managerial capability; commissioned the high number of 52 IBS/Auto signals and Interlocking of 46 midsection level crossing gates. In 2023, progress was made on the hill rail projects assigned to RVNL, that is, the Rishikesh-Karnaprayag section in Uttarakhand, Bhanupali-Bilaspur-Beri Section in Himachal Pradesh and Budni- Barkhera- 3rd Line Project in Madhya Pradesh. 100 km of tunnelling was completed by RVNL in 2022-23. Two tunnel boring machines commissioned by RVNL for the first time in Himalayan geology in Indian Railways. The Rail Coach Naveenikaran Karkhana, Jhansi Workshop was commissioned in September 2022; EMU Car Shed, Ranaghat completed in December 2022; Infrastructure facility at Jheel Siding Coaching Depot, Howrah completed in January, 2023; Tower Wagon POH Shed, Dullahapur completed in March 2023; New Gharia Via Rajerhat Metro Railway Project completed in Sep'22. During the year 2023, Joka- Taratala (13.02 km) Section of Joka- Esplanade Section of Kolkata Metro and New Garia- Hemanta Mukherjee (11.0 km) Section of New Garia- Biman Bandar Section of Metro Railway were commissioned. Angul-Sukinda New Line Project 95 km became operative in January 2023. The President of India (POI) divested 12.16% of its equity shareholding in the Company and as a result, the present shareholding of GOI stood at 72.84% as of March 31, 2023.

Rail Vikas Nigam Ltd Directors Reports

Dear Shareholders,

Your Directors are pleased to present the 20^th Annual Report and Audited Financial Statements for the Financial Year ended 31^st March, 2023 together with the reports of Statutory Auditors and Comptroller & Auditor General of India thereon.

1. Financial Performance Highlights

The key highlights of the financial performance of the company during F.Y. 2022-23 along with the corresponding performance in F.Y. 2021-22 are mentioned below (rounded to nearest rupees/crore):

J in crore)

Particulars	2022-23	2021-22	% Increase/ Decrease
Turnover	20,281.57	19381.71	4.64%
Total Income	21,285.51	20190.97	5.42%
Operating Income	1553.97	1476.14	5.27%
Reserves & Surplus	4,394.10	3,546.39	23.90%
Profit Before Tax	1,644.38	1406.24	16.93%
Profit After Tax	1,267.97	1087.35	16.61%
Net worth	6,479.15	5631.44	15.05%
Appropriations
Dividend	*444.11	381.56	16.39%

* Includes final dividend amounting to Rs 75.06 crore @ Rs 0.36 per fully paid equity share recommended by the Board of Directors

Capital Structure

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

Employee Stock Option Plan

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

Offer for Sale (OFS)/Employee OFS :

In compliance with Department of Investment and Public Asset Management (DIPAM), no Disinvestment of equity shares were done by the President of India acting through Ministry of Railways through OFS during the FY 2022-23.

After the close of the year, Govt. of India has disinvested 5.36% of its holding to public. Present shareholding of Govt. of India is 72.84%.

Shareholding of President of India (POI)

The present Shareholding of President of India (POI) is 1,51,87,43,894 equity shares of Rs. 10 each amounting to Rs. 1,51,87,43,8940 that is 72.84%.

Profit

Profit before Tax increased from Rs. 1406.24 crore in 2021-22 to Rs. 1,644.38 crore in 2022-23 showing an increase of 16.93%. Profit after Tax increased from Rs.1087.35 crore in F. Y.2021-22to Rs. 1,267.97 crore in F. Y. 2022-23 showing an increase of 16.61%.

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. 6479.15 crore and on account of OCI Rs. 0.91 Crore to Reserves and Surplus. Accordingly, the Net Worth of the Company has increased from Rs. 5631.41 crore at the end of previous year to Rs. 6479.15 crore at the end of the current year.

Reserves

The Reserves & Surplus of the Company for FY 202223 stand at Rs. 4,394.13 crore as compared to Rs. 3546.42 crore in FY 2021-22, showing an increase of 23.90% from previous year.

Dividend

An Interim dividend of Rs. 369.05 crores was paid during the FY 2022-23. The Board recommended a final dividend of Rs. 75.06 crores (Rs. 0.36 per share) subject to the approval of shareholders in the ensuing Annual General Meeting of the Company. Total dividend for the financial year 2022-23 is Rs. 444.11 crore, showing an increase of 16.39 % over previous year.

Acceptance of Deposits

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

Reimbursement of Expenditure

RVNL received an amount of Rs. 15898.84 crore (approx.) for project expenditure during the current year, from Ministry of Railways (MoR) for execution of various works.

Loans from IRFC

During the year, no borrowing was made from IRFC. With this, the total amount received from IRFC is Rs. 7865.08 crore. The principal and interest on the borrowings from IRFC are repaid by Ministry of Railways (MoR) as a pass through entry in the books of RVNL. During the year, an amount of Rs. 279.95 crore was paid to IRFC on this account, leaving an outstanding loan & Principal balance of Rs. 5341.66 crore.

2. Integral Reports

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

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

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

• A Certificate signed by the Chairman and Managing Director affirming receipt of compliance with the Code of Conduct from all Board members and Senior Management personnel during the year 2022-23 (placed at Annexure "B-1") as per guidelines of Department of Public Enterprises on Corporate Governance.

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

• A Certificate of compliance 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 and Listing Regulations.

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

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

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

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

Pursuant to section 134 (3) (a) and of the Companies Act, 2013 read with Rule 12 (1) of the Companies (Management and Administration) Rules 2014, the "Extract of Annual Return (MGT-9)" and as per Section 92 (3) of the Companies Act, 2013, Annual Return will be available on the website of the Company i.e., www.rvnl.org.

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

Turnover

Your Company has achieved a highest ever turnover of Rs. 20,281.57 crore in 2022-23 as compared to Rs. 19,381.71 crore in 2021-22, showing an increase of 4.64% over the previous year.

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 92.14 % 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 a slight increase in the level of expenditure on works undertaken for SPVs and other works including works awarded from bidding to Rs.1594.01 crore during 2022-23 in comparison to Rs. 1222.21 crore in the previous year.

Consolidated Financial Statements

The consolidated Financial Statements of the Company prepared in accordance with the provisions of Companies Act, 2013 and the applicable Indian

Accounting Standards (IND-AS) for the financial year 2022-23 forms part of the Annual Report of the Company. 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 Infra Services Limited. The related entries appearing in the standalone accounts of RVNL have been adjusted accordingly in consonance with the relevant Indian Accounting Standards (Ind AS 110& 28). The salient features of differences in the significant entries between the Stand Alone Accounts of RVNL and the Consolidated Accounts are as under:

(H in crore)

Particulars	Figures as on 31.3.2023 Standalone	Figures as on 31.3.2023 Consolidated
Turn Over	20,281.57	20,281.57
Other Income	1,003.94	996.47
Direct Expenses	18,727.60	18,720.02
Indirect Expenses
PBT	1,644.38	*1,798.15
PAT	1,267.97	1,420.55
Reserve & Surplus	4394.13	5,240.10
Net Worth	6,479.15	7,325.12

* PBT includes Rs. 158.60 crore as proportionate share of RVNL in the profit/loss of Joint Ventures.

Subsidiary, Joint Venture and Associate Companies

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

2A.Grant of "Navratna" Status

Department of Public Enterprises (DPE) vide its O.M. no. F.No. PD-1-26/0003/2022-DPE dated 01.05.2023 has granted "Navratna" status to RVNL.

3. Operational Performance

Your Directors are delighted to inform that the F.Y. 2022-23 has been a year of excellence and growth for the Company. Your Company surpassed all previous achievements.

• Total project Length completed during the F. Y. 2022-23 was 863.02 km (67.06 km of New Line, 497.88 km of Doubling, 271.12 km of Railway Electrification, 26.96 km of Metropolitan Transport Project (MTP) and 4 Workshop Project have been physically completed. In addition, Railway Electrification of 334.59 km was also carried out in other than specific Railway Electrification projects as part of Doubling.

• During 2022-23, Bhimsen-Jhansi (206 km) with RE, Daund- Gulbarga- Doubling (224.9 km) and Pune- Guntakal -Electrification (641.37 km), Palanpur- Samakhiali (247.73 km), Raipur- Titlagarh (203 km) and Angul- Sukinda Road (98.7 km) New Line project were completed.

• Ranaghat (EMU Car Shed), Jheel Siding Coaching Depot, Jhansi-Setting up of coach periodic overhauling and refurbishment workshop Dullahapur Yard - Provision of tower wagon periodic overhauling shed and Metro Depot Augmentation at Kavi Subhash projects under the Plan Head Worksop were completed.

3.1 Physical Size of the Projects:

Since its establishment in 2003, Ministry of Railways has transferred 220 projects to RVNL for execution, which may be broadly classified under the following heads:

Doubling	71
Gauge Conversion	12
New Lines	12
M TP	06
Railway Electrification	39
Workshops	21
Others	28
Awarded through Bidding	28
Unsanctioned	03 (2 GC, 1 DL)

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

3.1.1 Nature of Works being Executed by RVNL:

RVNL is executing all types of Railway Infrastructure works such as New Line, Gauge Conversion, Doubling/3rd Line/4th Line, Railway Electrification, Workshops, Hill Railway Projects, Institutional Buildings, Mega Bridges, Metro Railway, etc.

3.1.2 Project Implementation Units (PIUs):

These projects are spread all over the country and for efficient implementation of projects, 30 Project Implementation Units (PIUs) have been established at 24 locations to execute projects in their geographical hinterland. They are located at Ahmedabad, Agra, Bengaluru, Bhopal, Bhubaneshwar (2 Units), Chennai (2 Units), Chandigarh, Jhansi, Kanpur, Indore, Kolkata

(2 Units), Kharagpur, Kota (2 Units), Lucknow, Nagpur, Patna, Raipur, Rishikesh, Ranchi, Secunderabad, Varanasi (2 Units), Vijayawada and Waltair (2 Units) and one foreign Branch Office in Maldives. The PIUs are established and closed as per requirement.

3.2 Status of physical progress of projects

The status of the 220 projects assigned to RVNL for execution is as under: -

Projects completed up to March 2023 :	140 No.
Projects under implementation :	77 No.
Projects yet to be sanctioned :	3 No.

3.2.1 RVNL has so far completed 140 projects.

The list of 120 projects fully completed up to March 2022 is as under:

S. Railway No.	Project Name	Type of Project	Length (km)
1. Central Railway	Diva - Kalyan 5th & 6th Line	Doubling	11
2. Central Railway	Pakni - Mohol Doubling	Doubling	17
3. Central Railway	Panvel - Jasai JNPT Doubling	Doubling	28.5
4. Central Railway	Pakni - Solapur Doubling	Doubling	16.28
5. Eastern Railway	Gurup - Saktigarh Extn of 3rd Line	Doubling	26
6. East Central Railway	Barauni - Tilrath Bypass Doubling	Doubling	8.3
7. East Coast Railway	Talcher-Cuttack-Paradeep Doubling with 2nd Bridge on Rivers Birupa & Mahanadi	Doubling	3
8. East Coast Railway	Jakhapura- Haridaspur 3rd Line	Doubling	23.3
9. East Coast Railway	Cuttack - Barang Doubling	Doubling	14.3
10. East Coast Railway	Rajatgarh-Barang Doubling	Doubling	31.3
11. East Coast Railway	Khurda-Barang - 3rd line (35 km)	Doubling	32.32
12. East Coast Railway	Sambalpur-Titlagarh (182 km)	Doubling	182.00
13. Northern Railway	New Delhi-Tilak Bridge- 5th & 6th line (2.65 km)	Doubling	2.65
14. Northern Railway	Utraitia-Raebareli (65.6 km)	Doubling	68.04
15. Northern Railway	Raebareli-Amethi (60.1 km)	Doubling	59.00
16. North Central Railway	Palwal - Bhuteswar 3rd Line	Doubling	81
17. North Central Railway	Aligarh - Ghaziabad 3rd Line	Doubling	106.1
18. North Western Railway	Bhagat Ki Kothi - Luni Doubling	Doubling	30.3
19. North Western Railway	Karjoda - Palanpur Doubling	Doubling	5.4
20. North Western Railway	Rewari- Manheru Doubling	Doubling	69.02
21. North Western Railway	Rani-Keshav Ganj Doubling	Doubling	59.5
22. North Western Railway	Abu Road-Sarotra Road- Patch doubling (23.12 km)	Doubling	23.12
23. North Western Railway	Swaruganj-Abu Road - Patch doubling (25.36 km)	Doubling	25.36
24. North Western Railway	Sarotra Road-Karjoda - Patch doubling (23.59 km)	Doubling	23.59
25. Southern Railway	Attipattu - Korukkupet 3rd Line	Doubling	18
26. Southern Railway	Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line	Doubling	41.89
27. Southern Railway	Tiruvallur - Arakkonam 4th Line	Doubling	28
28. Southern Railway	Villipuram-Dindigul Doubling	Doubling	273
29. Southern Railway	Thanjavur-Ponmalai - Doubling	Doubling	46.96
30. South Central Railway	Pullampet - Balapalle Ph I of Gooty - Renigunta Doubling	Doubling	41
31. South Central Railway	Krishnapatnam - Venkatachalam Doubling with RE	Doubling	16.5
32. South Central Railway	Gooty - Renigunta Patch Doubling	Doubling	151
33. South Central Railway	Raichur - Guntakal Doubling	Doubling	81.0
34. South Central Railway	Guntur-Tenali - Doubling with electrification (24.38 km)	Doubling	25
35. South Central Railway	Vijaywada-Gudivada- Bhimavaram-Narasapur, Gudivada-Machlipatnam and Bhimavaram- Nidadavolu (221 km) - Doubling with electrification	Doubling	221.00
36. South Central Railway	Secunderabad (Falaknuma)-Mehbubnagar doubling	Doubling	85.70
37. South Eastern Railway	Tikiapara - Santragachi Doubling	Doubling	5.6
38. South Eastern Railway	Panskura - Kharagpur 3rd Line	Doubling	45
39. South Eastern Railway	Panskura - Haldia Ph 1 Doubling	Doubling	14
40. South Eastern Railway	Rajgoda - Tamluk (Jn. Cabin) Doubling	Doubling	13.5
41. South Eastern Railway	Tamluk Jn. Cabin - Basulya Sutahata Doubling	Doubling	24.23
42. South Eastern Railway	Goelkera-Monoharpur 3rd line (40 km)	Doubling	27.5
43. South East Central Railway	Bilaspur - Urkura 3rd Line Doubling	Doubling	105
44. South East Central Railway	Salka Road- Khongsara Patch Doubling	Doubling	26
45. South East Central Railway	Khodri-Anuppur, with Flyover at Bilaspur (61.6 km)	Doubling	61.6
46. South Western Railway	Hospet - Guntakal Doubling	Doubling	115
47. West Central Railway	Bhopal-Bina - 3rd line (143 km)	Doubling	144.3
48. West Central Railway	Itarsi-Budni - 3rd line (25.090 km)	Doubling	25.09
49. West Central Railway	Barkhera-Habibganj - 3rd line (41.420 km)	Doubling	41.2
50. West Central Railway	Bina-Kota (282.66 km) with RE	Doubling	282.66
51. North Western Railway	Delhi - Rewari Gauge Conversion	GC	94.2
52. North Western Railway	Ajmer - Phulera - Ringus - Rewari Gauge Conversion	GC	295
53. North Western Railway	Bhildi - Samdari Gauge Conversion	GC	223
54. Southern Railway	Thanjavur - Villupuram Gauge Conversion	GC	192
55. Southern Railway	Cuddalore - Salem Gauge Conversion	GC	193
56. South Western Railway	Arasikere-Hassan-Mangalore Gauge Conversion	GC	230
57. Western Railway	Bharuch - Samni - Dahej Gauge Conversion	GC	62
58. Western Railway	Gandhidham - Palanpur Gauge Conversion	GC	301
59. Western Railway	Ahmedabad-Botad (170.48 km)	GC	166.09
60. Western Railway	Dhasa-Jetalsar (104.44 km)	GC	106.69
61. East Coast Railway	Daitari - Banspani New Line	New Line	155
62. East Coast Railway	Haridaspur-Paradeep (82 km)	New Line	82
63. Southern Railway	Vallarpadam - Idapally New Line	New Line	9
64. South Central Railway	Obulavaripalle- Krishnapattnam (113 km)	New Line	121
65. Railway Electrification	Tomka -Banspani - RE	RE	144
66. Railway Electrification	Kharagpur (Nimpura) - Bhubaneswar Including Branch Line of Talcher - Cuttack - Paradeep	RE	581
67. Railway Electrification	Bhubaneswar - Kottavalasa	RE	417
68. Railway Electrification	Daund-Manmad Incl. Puntamba- Shirdi - RE	RE	255
69. Railway Electrification	Reningunta - Guntakal RE	RE	308
70. Railway Electrification	Yelahanka - Dharmavaram - Gooty RE	RE	306
71. Railway Electrification	Bharuch - Samni - Dahej RE	RE	64
72. Railway Electrification	Manheru- Hissar RE	RE	74
73. Railway Electrification	Jakhal - Hisar (79 km)	RE	80.0
74. Railway Electrification	Chhapra-Ballia-Ghazipur-Varanasi-Allahabad RE (330 km)	RE	330
75. Railway Electrification	Guntakal-Kalluru RE (40 km)	RE	40
76. Railway Electrification	Utretia - Rae Bareli - Amethi - Janghai RE (214 km)	RE	214
77. Railway Electrification	Daund-Baramati (44 km)	RE	44
78. Railway Electrification	Amla-Chhindwara-Kalumna	RE	257
79. Railway Electrification	Raipur-Titlagarh (203 km) {Part of Vizianagaram - Rayagada - Titlagarh - Raipur (465 km)}	RE	203
80. Railway Electrification	Rajpura - Dhuri - Lehra Mohabat (151 km)	RE	151
81. Railway Electrification	Guntakal - Bellary - Hospet incl. Tornagallu - Ranjitpura Branch Line (138 km)	RE	138
82. Railway Electrification	Wani- Pimpalkutti RE (66 km)	RE	66
83. Railway Electrification	Manoharabad- Medchal (14 km)	RE	14
84. Railway Electrification	Yalahanka-Penukonda (120.55 km)-Doubling	RE	-
85. Railway Electrification	Jakhal - Dhuri - Ludhiana (123 km)	RE	123
86. Railway Electrification	Guna-Gwalior (227 km)	RE	227
87. Railway Electrification	Rani-Palanpur 166 km	RE	166
88. Railway Electrification	Villupuram-Cuddalore Port-Mayiladuturai-Thanjavur & Mayiladuturai-Thiruvarur (228 km)	RE	228
89. Railway Electrification	Raebareli-Unchahar incl. Dalmau-Daryapur (63 km)	RE	63
90. Railway Electrification	Raninagar Jalpaigudi-New Bongaigaon - Guwahati (Incl) RE (382 km) (Part of Barauni - Katihar - Guwahati Incl. Katihar - Barsoi (836 km) RE	RE	374.98
91. Railway Electrification	Chikjajur-Bellary RE (184 km)	RE	183.15
92. Railway Electrification	Bengaluru-Omalur Via Hosur RE (196 km)	RE	196.00
93. Railway Electrification	Utratia-Raebareli-Amethi 2nd line RE (126 km)	RE	126.00
94. Deposit	RE of NTPC siding at Hotgi Station (37 km)	RE	34.41
95. Central Railway	Latur- Setting up of coach manufacturing factory	WKSP	-
96. Eastern Railway	Civil Engineering Works in Connection with Diesel Loco Component Factory, Dankuni	WKSP	-
97. Eastern Railway	Dankuni - Setting Up of Electric Loco Assembly and Ancillary Unit of CLW	WKSP	-
98. East Central Railway	Barauni - 250 High Horse Power Loco Shed	WKSP	-
99. East Central Railway	Gaya -Setting up New MEMU car shed for maintaining 30 rakes of 16 coaches	WKSP	-
100. East Coast Railway	Vadlapudi- Wagon PoH Workshop of 200 Nos Capacity Near Duvvada Station	WKSP	-
101. North Central Railway	Kanpur - Construction of MEMU Car shed	WKSP	-
102. North Eastern Railway	Saidpur Bhitri- Setting up of Electric Loco Shed to home 200 Locos	WKSP	-
103. Northern Railway	Sonipat-Setting up of coach periodical overhauling and refurbishment workshop	WKSP	-
104. South Eastern Railway	Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sankrail/ Haldia	WKSP	-
105. DLW	Varanasi - Augmentation of Production Capacity from 200 To 250 High HP Locos Per Year	WKSP	-
106. North Eastern Railway	Aunrihar - DEMU Shed	WKSP	-
107. South Central Railway	Workshop for Manufacture of Flat Bogies for LHB Design Coaches, Yadgir	WKSP	-
108. METKOL	MM of Existing Corridor Noparanagar-Baranagar- Daksineshwar	MTP	4.14
109. Eastern Railway	Barddhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213	ROB	-
110. Southern Railway	Srirangam-Tiruchchirapalli Town - 4-lane road over bridge in lieu of 2- lane bridge No.380-A	ROB	-
111. North Western Railway	IOC Siding at Salawas (Deposit Work)	Others	2.82
112. South Central Railway	Secunderabad- Upgradation of facilities at Centralised Training Academy for Railway Accounts	TRG	-
113. South Central Railway	Moula Ali - Setting Up of Indian Railway Institute of Finance Management	TRG	-
114. South Central Railway	Lallaguda (Carriage Workshop)- Replacement of 100-Year-Old Administrative Building	OSW	-
115. North Western Railway	Madar - Palanpur - Removing of PSR (Kms 589/1 to 590/1)	Track Renewal	-
116. North Central Railway	Jhansi-Garhmau, Orai-Ata, Ata-Kalpi & Pokhrayan- Lalpur - Splitting of longer block sections	TF	-
117. North Central Railway	Paman-Bhimsen - New B-class station	TF	-
118. Western Railway	Sabarmati-Botad-subways in lieu of level crossing-23 Nos.	RSW	-
119. Western Railway	Sabarmati-Botad-Subways in lieu of LCs-14 Nos.	RSW	-
120. Western Railway	Dhasa-Jetalsar-Subways in lieu of Level Crossing-35 Nos.	RSW	-

The list of 20 projects completed in 2022-23 is as under:

S. Railway No.	Name of Project	Plan Head	Length (km)
1. North Central Railway	Bhimsen-Jhansi (206 km) with RE	Doubling	206
2. CR & SCR	Daund- Gulbarga- Doubling (224.9 km) and Pune- Guntakal -Electrification (641.37 km)	Doubling	224.9
3. Western Railway	Palanpur- Samakhiali (247.73 km)	Doubling	247.3
4. East Coast Railway	Raipur-Titlagarh (203 km)	Doubling	203
5. East Coast Railway	Angul- Sukinda Road (98.7 km)	New Line	95
6. Eastern Railway	Ranaghat (EMU Car Shed)-Inspection bay for 15 coach maintenance facilities	WKSP	-
7. Eastern Railway	Jheel Siding Coaching Depot- Infrastructure development	WKSP	-
8. North Central Railway	Jhansi-Setting up of coach periodic overhauling and refurbishment workshop	WKSP	-
9. North Eastern Railway	Dullahapur Yard - Provision of tower wagon periodic overhauling shed	WKSP	-
10. South Western Railway	New Station Building at Belguam	OSW	-
11. South Western Railway	Second Entry Station Building at Belguam	OSW	-
12. South Western Railway	Proposed Coaching Depot at Belgaum	OSW	-
13. South Western Railway	Yard Remodelling Works at Belgaum	OSW	-
14. East Coast Railway	RE of Sambalpur-Titlagarh Doubling project (96.596 km)	RE	96.60
15. Western Railway	Palanpur-Samakhiali (247.73 km) RE	RE	247.73
16. Deposit	Electrification of IOCL Siding at Pakni (4 km)	RE	4.15
17. Deposit	Electrification of Ultra Tech Cement Siding at Hotgi (8 km)	RE	9.75
18. Deposit	Electrification of Chettinad Cement Siding at Tilati (7.1 km)	RE	5.9
19. South Central Railway	Umdanagar-Timmapur - New crossing station	TFC	-
20. Northern Railway	Final Location Survey for New Line Connectivity to Char Dham (327 km)	FLS	-

3.3 Total project length completed:

Cumulatively, RVNL has completed a total of 5670 km of doubling, 2095.83 km of gauge conversion, 589.29 km of new lines, 7106 km of pure Railway Electrification, 3818.89 km RE as part of NL/GC/ DL and 73.10 km of Metropolitan Transport Project (MTP). Thus, as on 31.3.2023, 15534.27 km of project length out of a total length of 17,398.64 km of 217 sanctioned projects (3 projects of 548.22 km of length are yet to be sanctioned) assigned to RVNL, have been completed.

3.4 Project length completed during 2022-23:

During 2022-23, 863.02 km (67.06 km of New Line, 497.88 km of Doubling, 271.12 km of Railway Electrification, 26.96 km of Metropolitan Transport Project (MTP) and 4 Workshop Project have been physically completed. In addition, Railway Electrification of 334.59 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, 67.06 km of New Line was completed, the details are given below:

3.4.1.1 Angul - Sukinda Road (98.7 km): During the year,

26.06 km project length was completed. Kamalanga Jn. - Parjang (7.845 km) was completed in June 2022, Tangaria - Bhuban Road (8.09 km) and Duburi- Baghuapal (10.12 km) were completed in January 2023.

3.4.1.2 Mau - Ghazipur - Tarighat (51 km): During the year, 9 km of project length was completed. Ghazipur City - Tarighat (9.00 km) was completed in March 2023.

3.4.1.3 Dallirajhara - Rowghat (95 km): During the year, 17.5 km of project length was completed. Antagarh - Taroki (17.5 km) was completed in March-2023.

3.4.1.4 Neora - Daniawan (40.92 km): During the year, 14.50 km of project length was completed.Marachi (H) - Biju Bhigha (H) (2.409 km), Biju Bhigha (H) - Fazalchak (2.707 km) and Gauspur (H) - Top Sarthua (5.457 km) were completed in January 2023. Jatdumri - Marachi (H) (3.926 km) was completed in February 2023.

3.4.2 Sections completed under Doubling Plan Head: During the year, 497.88 km of Doubling was completed, the details are given below:

3.4.2.1 Daund - Gulbarga Doubling (224.9 km): During the year, 28.48 km of project length was completed. Bhigvan - Jinti Rd. (12.13 km), Jinti Rd.- Parewadi (9.26 km) and Parewadi - Washimbe (7.09 km) were completed in May 2022, thus fully completing the project.

3.4.2.2 Dhanbad - Sonnagar (Patratu - Sonnagar) - 3rd line (291 km): During the year, 87.19 km of project length was completed. Garhwa Rd.- Tolra (6.03 km) and Tolra- Rajhura (9.54 km) were completed in April 2022. Haidernagar- Kosiara (6.07 km) was completed in July 2022. Daltonganj - Chianki (7.43 km) was completed in August 2022. Rajhura - Kajri (7.31 km) was completed in September 2022. Kajri - Daltonganj (10.47 km) was completed in December 2022. Latehar- Demu (6.8 km), Ray (RAY) - Koley (IBH) (7.55 km), Koley (IBH) - Hendegir (6.24 km), Hendegir- Patratu (15.49 km) were completed in January 2023. Karkatta - Sigsigi (4.26 km) was completed in February 2023.

3.4.2.3 Raipur- Titlagarh (203 km): During the year, 3.05 km of project length was completed. Raipur - Raipur B.H (3.05 km) was completed in Mar 2023, thus fully completing the project.

3.4.2.4 Vizianagaram- Sambalpur (Titlagarh) 3rd Line (264.60 km): During the year, 29.798 km of project length was completed. Kuneru (KNRT) - Jimidipeta (9.144 km) was completed in June 2022. Doikallu (DKLU) - Ambodala (11.774 km) was completed in February 2023. Gumda (GMDA) - Kuneru (8.88 km) was completed in March 2023.

3.4.2.5 Banspani- Daitri - Tomka - Jakhapura (180.33 km): During the year, 30.783 km of project length was completed. Sagardapata- Tangripal (16.763 km) was completed in December 2022 and Nayagarh- Porajanpur (14.02 km) was completed in February 2023.

3.4.2.6 Rajpura- Bhatinda (172.64 km): During the year, 26.44 km of project length was completed. Nabha (NBA)- Chintawala (13.61 km) was completed in August 2022. Barnala- Hadiaya (5.99 km) and Daunkalan- Patiala (6.84 km) was completed in December 2022.

3.4.2.7 Bhimsen- Jhansi (206 km): During the year, 19.43 km of project length was completed. Malasa- Lalpur (5.4 km) was completed in August 2022. Lalpur- Tilaunchi (5.7 km) and Tilaunchi- Paman (8.33 km) were completed in December 2022, thus fully completing the project.

3.4.2.8 Mathura- Jhansi 3rd Line (273.80 km): During the year, 32.53 km of project length was completed. Chirula - Karari (6.41 km) was completed in July 2022. Sithouli A Cabin - Sithouli (1.69 km) was completed in September 2022. Sikroda Kwari - Morena (7.98 Km), Kotra-Sonagir (9.56 km) and Datia- Chirula (6.89 km) was completed in February 2023.

3.4.2.9 Phephna- Indara, Mau - Shahganj (excl. Indara - Mau) (150.28 km) DL: During the year, 15 km of project length was completed. Azamgarh- Sarairani (7.7 km) and Sarairani- Phariha (7.3 km) were completed in June 2022.

3.4.2.10 Bhatni- Aunrihar (126.30 km): During the year, 32.19 km of project length was completed. Kidhirpur- Chakara Road (7.9 km), Chakara Road- Indara (5.08 km) and Sadat- Mahpur (9.69 km) and Mahpur- Aunrihar (9.52 km) were completed in December 2022.

3.4.2.11 Madurai - Maniyachi - Tuticorin (160 km):

During the year, 24.99 km of project length was completed. Madurai Jn.- Tirumangalam (17.32 km) was completed in August 2022. Milavittan- Tuticorin (7.67 km) was completed in February 2023.

3.4.2.12 Maniyachi- Nagercoil (102 km): During the year, Sengulam- Nangunari (13.39 km) was completed in February 2023.

3.4.2.13 Vijayawada - Gudur 3rd Line (287.67 km): During the year, 49.23 km of project length was completed. Talamanchi - Kodavaluru (4.66 km) and Kodavaluru - Padugupadu (7.36 km) were completed in May 2022. Nellore - Vedayapalem (7.24 km) was completed in July 2022. Venkatachalam - Kommarapudi (6.25 km) and Kommarapudi - Manubolu (6.21 km) were completed in November 2022. Chirala - Vetapalam (7.94 km) was completed in December 2022. Singrayakonda - Ulvapadu (9.57 km) was completed in March 2023.

3.4.2.14 Kharagpur - Adityapur 3rd line (132 km): During the year, 45.414 km project length was completed. Chakuliya - Kokepara (9.157 km), Kokepara - Dhalbhumgarh (9.364 km) and Dhalbhumgarh - Ghatsila (12.056 km) were completed in May 2022. Ghatsila- Galudih (9.95 km) and Rakhmines- Asanboni (4.887 km) were completed in January 2023. Nimpura- Kalaikunda (3.062 km) was completed in March 2023.

3.4.2.15 Palanpur - Samakhiali (247.73 km): During the year, 59.88 km project length was completed. Vaghpura - Chhansara (8.38 km) was completed in April 2022. Bhutakiya Bhimasar - Padampur (7.8 km) and Padampur - Kidiyanagar (7.91 km) were completed in May 2022. Piprala - Lakhpat (10.2 km) was completed in June 2022. Garmadi - Piprala (8.49 km) was completed in August 2022. Chhansara - Santalpur (9.51 km) and Santalpur - Garmadi (7.59 km) were completed in October 2022, thus fully completing the project.

3.4.2.16 New Gharia - Airport Metro Railway: During the year, New Gharia- Hemanta Mukherjee (11.0 km) section was completed in January 2023.

3.4.2.17 Joka - Esplanade Metro Railway: During the year, Joka- Tartala (15.96 km) section including Joka Car Depot Approach was completed in December 2022.

3.4.3 Sections completed under Pure Railway Electrification Works: During the year, 271.71 km of Railway Electrification was completed, the details are given below:

3.4.3.1 Daliganj - Mailani - Kasganj: During the year, 58 km project length was completed. Bankeganj - Mailani (11 km) was completed in July 2022. Mailani - Sehramau (22 km) was completed in October 2022. Dhoodiya Khurd - Puranpur (11 km) was completed in November 2022. Puranpur - Shahgarh (14 km) is completed in December 2022.

3.4.3.2 Palanpur - Samakhiali (247.73 km): During the year, 43 km project length was completed. Vaghpura - Chhansara (8 km) was completed in June 2022. Lakhpat - Garmadi (17 km) was completed in October 2022. Garmadi - Santalpur (8 Km) was completed in November 2022. Chhansara - Garmadi (10 km) was completed in December 2022.

3.4.3.3 Dhasa - Jetalsar (104 km): During the year, 46.71 km of project length was completed. Dhasa - Khijadiya & Chital - Lunidhar (40.71 km) were completed in January 2023. Khijadiya - Chital (6 km) was completed in February 2023.

3.4.3.4 Angul - Sukinda (92 km): During the year, 92 km of project length was completed.

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

During the year, 32.00 km of project length was completed. Aravalli- Attili (6 km) was completed in April 2022. Attili- Tanuku (08 km) was completed in May 2022. Tanaku - Kaldhari (10 km) was completed in July 2022 and Kaldhari - Nedadavolu Jn. (08 km) was completed in August 2022.

3.5 Workshop projects completed: During the year, 4 Workshop and 1 Depot were fully completed, the details of which are as under:

3.5.1 Rail Coach Naveenikaran Karkhana, Jhansi: The workshop was completed in September 2022.

3.5.2 EMU Car Shed, Ranaghat: The workshop was completed in December 2022.

3.5.3 Infrastructure facility at Jheel siding Coaching Depot, Howrah: The workshop was completed in January 2023.

3.5.4 Tower Wagon POH Shed, Dullahapur: The workshop was completed in March 2023.

3.5.5 Metro Depot Augmentation, Kavi Subhash: This depot is part of Dum Dum - New Gharia Via Rajerhat Metro Railway Project. This was completed in September 2022.

3.6 Projects Fully Commissioned and Handed Over to Railways:

Out of 140 projects completed so far, 137 projects have been fully commissioned and handed over to Railways for operations and maintenance.

The list of 116 projects commissioned till March 2022 is as under:

S. Railway No.	Project Name	Type of Project	Length (km)
1. Central Railway	Diva - Kalyan 5th & 6th Line	Doubling	11
2. Central Railway	Pakni - Mohol Doubling	Doubling	17
3. Central Railway	Panvel - Jasai JNPT Doubling	Doubling	28.5
4. Central Railway	Pakni - Solapur Doubling	Doubling	16.28
5. Eastern Railway	Gurup - Saktigarh Extn of 3rd Line	Doubling	26
6. East Central Railway	Barauni - Tilrath Bypass Doubling	Doubling	8.3
7. East Coast Railway	Talcher-Cuttack-Paradeep Doubling with 2nd Bridge on Rivers Birupa & Mahanadi	Doubling	3
8. East Coast Railway	Cuttack - Barang Doubling	Doubling	14.3
9. East Coast Railway	Jakhapura- Haridaspur 3rd Line	Doubling	23.3
10. East Coast Railway	Rajatgarh-Barang - 3rd line	Doubling	31.3
11. North Central Railway	Palwal - Bhuteswar 3rd Line	Doubling	81
12. North Central Railway	Aligarh - Ghaziabad 3rd Line	Doubling	106.1
13. North Western Railway	Bhagat Ki Kothi - Luni Doubling	Doubling	30.3
14. North Western Railway	Rani-Keshav Ganj Doubling	Doubling	59.5
15. North Western Railway	Karjoda - Palanpur Doubling	Doubling	5.4
16. North Western Railway	Rewari- Manheru Doubling	Doubling	69.02
17. North Western Railway	Abu Road - Sarotra Road Patch Doubling	Doubling	23.55
18. North Western Railway	Abu Road - Swaroopganj Patch Doubling	Doubling	25.36
19. North Western Railway	Sarotra Road-Karjoda - Patch doubling (23.59 km)	Doubling	23.59
20. Northern Railway	New Delhi - Tilak Bridge 5th & 6th Line Doubling	Doubling	2.65
21. Northern Railway	Utretia-Rae Bareli (65.6 km)	DL	68.04
22. Northern Railway	Raebareli - Amethi (60.1 km)	DL	59.00
23. Southern Railway	Attipattu - Korukkupet 3rd Line	Doubling	18
24. Southern Railway	Pattabiram - Tiruvallur 4th Line & Tiruvallur - Arakkonam 3rd Line	Doubling	41.89
25. Southern Railway	Tiruvallur - Arakkonam 4th Line	Doubling	28
26. Southern Railway	Villipuram-Dindigul Doubling	Doubling	273
27. Southern Railway	Thanjavur-Ponmalai - Doubling	Doubling	46.96
28. South Central Railway	Pullampet - Balapalle Ph I of Gooty - Renigunta Doubling	Doubling	41
29. South Central Railway	Krishnapatnam - Venkatachalam Doubling With RE	Doubling	16.5
30. South Central Railway	Gooty - Renigunta Patch Doubling	Doubling	151
31. South Central Railway	Raichur - Guntakal Doubling	Doubling	81.0
32. South Central Railway	Guntur-Tenali - Doubling with electrification (24.38 km)	Doubling	25
33. South Central Railway	Secunderabad-Mehboobnagar (85.24 km)	DL	85.70
34. South Eastern Railway	Panskura - Kharagpur 3rd Line	Doubling	45
35. South Eastern Railway	Panskura - Haldia Ph 1 Doubling	Doubling	14
36. South Eastern Railway	Rajgoda - Tamluk (Jn. Cabin) Doubling	Doubling	13.5
37. South Eastern Railway	Tikiapara - Santragachi Doubling	Doubling	5.6
38. South Eastern Railway	Tamluk Jn. Cabin - Basulya Sutahata Doubling	Doubling	24.23
39. South Eastern Railway	Goelkera-Monoharpur 3rd line (40 km)	Doubling	27.5
40. South East Central Railway	Bilaspur - Urkura 3rd Line Doubling	Doubling	105
41. South East Central Railway	Salka Road- Khongsara Patch Doubling	Doubling	26
42. South East Central Railway	Khodri-Anuppur, with flyover at Bilaspur (61.6 km)	Doubling	61.6
43. South Western Railway	Hospet - Guntakal Doubling	Doubling	115
44. West Central Railway	Budni - Itarsi 3rd Line	Doubling	25.09
45. West Central Railway	Barkhera-Habibganj - 3rd line (41.420 km)	Doubling	41.2
46. West Central Railway	Bhopal-Bina - 3rd line (143 km)	Doubling	143
47. North Western Railway	Delhi - Rewari Gauge Conversion	GC	94.2
48. North Western Railway	Ajmer - Phulera - Ringus - Rewari Gauge Conversion	GC	295
49. North Western Railway	Bhildi - Samdari Gauge Conversion	GC	223
50. Southern Railway	Thanjavur - Villupuram Gauge Conversion	GC	192
51. Southern Railway	Cuddalore - Salem Gauge Conversion	GC	193
52. South Western Railway	Arasikere-Hassan-Mangalore Gauge Conversion	GC	230
53. Western Railway	Bharuch - Samni - Dahej Gauge Conversion	GC	62
54. Western Railway	Gandhidham - Palanpur Gauge Conversion	GC	301
55. Western Railway	Ahmedabad - Botad (170.48 km)	GC	166.09
56. Western Railway	Dhasa - Jetalsar (104.44 km)	GC	106.69
57. East Coast Railway	Daitari - Banspani New Line	NL	155
58. East Coast Railway	Haridaspur-Paradeep (82 km)	NL	82
59. Southern Railway	Vallarpadam - Idapally New Line	NL	9
60. South Central Railway	Obulavaripalle - Krishnapatnam New Line	NL	121
61. Railway Electrification	Tomka -Banspani - RE	RE	144
62. Railway Electrification	Kharagpur (Nimpura) - Bhubaneswar Including Branch Line of Talcher - Cuttack - Paradeep	RE	581
63. Railway Electrification	Bhubaneswar - Kottavalasa	RE	417
64. Railway Electrification	Reningunta - Guntakal RE	RE	308
65. Railway Electrification	Bharuch - Samni - Dahej RE	RE	64
66. Railway Electrification	Daund-Manmad Incl. Puntamba- Shirdi - RE	RE	255
67. Railway Electrification	Yelahanka - Dharmavaram - Gooty RE	RE	306
68. Railway Electrification	Manheru- Hisar (74 km)	RE	74.0
69. Railway Electrification	Jakhal - Hisar (79 km)	RE	80.0
70. Railway Electrification	Chhapra-Ballia-Ghazipur-Varanasi-Allahabad (330 km)	RE	330
71. Railway Electrification	Guntakal-Kalluru (40 km)	RE	40
72. Railway Electrification	Daund- Bramati (44 km)	RE	44
73. Railway Electrification	Titlagarh (Excl)-Raipur -RE	RE	203
74. Railway Electrification	Utretia- Rae Bareli- Amethi- Janghai RE	RE	214
75. Railway Electrification	Hospet - Guntakal And Tomagallu - Ranjitpura	RE	138
76. Railway Electrification	Wani-Pimpalkutti (66 km)	RE	66
77. Railway Electrification	Yalahanka-Penukonda (120.55 km)-Doubling	RE	-
78. Railway Electrification	Rajpura - Dhuri - Lehra Mohabat (151 km)	RE	151
79. Railway Electrification	Jakhal - Dhuri - Ludhiana (123 km)	RE	123
80. Railway Electrification	Guna-Gwalior (227 km)	RE	227
81. Railway Electrification	Rani-Palanpur 166 km	RE	166
82. Railway Electrification	Manoharabad- Medchal (14 km)	RE	14
83. Railway Electrification	Amla - Chhindwara - Kalumna (257 km)	RE	257
84. Railway Electrification	Villupuram-Cuddalore Port-Mayiladuturai-Thanjavur & Mayiladuturai-Thiruvarur (228 km)	RE	228
85. Railway Electrification	Raebareli-Unchahar incl. Dalmau-Daryapur (63 km)	RE	63
86. Railway Electrification	Raninagar Jalpaigudi-New Bongaigaon (incl.)- Guwahati (incl.)-382 rkm {Part of Barauni-Katihar- Guwahati incl Katihar-Barsoi (836 km)}	RE	374.98
87. Railway Electrification	Chikjajur-Bellary (184 rkm)	RE	183.15
88. Railway Electrification	Bengaluru-Omalur via Hosur (196 rkm)	RE	196.00
89. Railway Electrification	2nd Line Utratia-Raebareli-Amethi (126 rkm) (Northern Railway) (PB#135/2018-19/CORE)	RE	126.00
90. Deposit	RE of NTPC siding at Hotgi Station (37 km)	RE	34.41
91. Central Railway	Latur- Setting up of coach manufacturing factory	WKSP	-
92. Eastern Railway	Civil Engineering Works in Connection with Diesel Loco Component Factory, Dankuni	WKSP	-
93. Eastern Railway	Dankuni - Setting Up of Electric Loco Assembly and Ancillary Unit of CLW	WKSP	-
94. East Central Railway	Barauni - 250 High Horse Power Loco Shed	WKSP	-
95. East Central Railway	Gaya -Setting up New MEMU car shed for maintaining 30 rakes of 16 coaches	WKSP	-
96. East Coast Railway	Vadlapudi - Wagon PoH Workshop of 200 Nos Capacity Near Duvvada Station	WKSP	-
97. North Central Railway	Kanpur - Construction of MEMU Car shed	WKSP	-
98. Northern Railway	Sonipat-Setting up of coach periodical overhauling and refurbishment workshop	WKSP	-
99. South Eastern Railway	Setting Up of Diesel Multiple Unit (DMU) Manufacturing Factory at Sankrail / Haldia	WKSP	-
100. DLW	Varanasi - Augmentation of Production Capacity from 200 to 250 High HP Locos Per Year	WKSP	-
101. North Eastern Railway	Aunrihar - DEMU Shed	WKSP	-
102. North Eastern Railway	Saidpur Bhitri- Setting up of electric loco shed to home 200 locos	WKSP	-
103. METKOL	MM of Existing Corridor Noparanagar-Baranagar- Daksineshwar	MTP	4.14
104. South Central Railway	Workshop for Manufacture of Flat Bogies for LHB Design Coaches, Yadgir	WKSP	-
105. Eastern Railway	Barddhaman Yard - 4-lane road over bridge in lieu of 2-lane road over bridge No. 213	ROB	-
106. Southern Railway	Srirangam-Tiruchchirapalli Town - 4-lane road over bridge in lieu of 2- lane bridge No.380-A	ROB	-
107. North Western Railway	IOC Siding at Salawas (Deposit Work)	Others	2.82
108. South Central Railway	Secunderabad- Upgradation of facilities at Centralised Training Academy for Railway Accounts	OSW	-
109. North Western Railway	Madar - Palanpur - Removing of PSR (Kms 589/1 to 590/1)	TR	-
110. South Central Railway	Moula Ali - Setting Up of Indian Railway Institute of Finance Management	TRG	-
111. South Central Railway	Lallaguda (Carriage Workshop)- Replacement of 100-Year-Old Administrative Building	OSW	-
112. North Central Railway	Jhansi-Garhmau, Orai-Ata, Ata-Kalpi & Pokhrayan- Lalpur - Splitting of longer block sections	TF	-
113. North Central Railway	Paman-Bhimsen - New B-class station	TF	-
114. Western Railway	Sabarmati-Botad-subways in lieu of level crossing-23 Nos.	RSW	-
115. Western Railway	Sabarmati-Botad-Subways in lieu of LCs-14 Nos.	RSW	-
116. Western Railway	Dhasa-Jetalsar-Subways in lieu of Level Crossing-35 Nos.	RSW	-

The lists of 21 projects commissioned in 2022-23 are as under:

S. Railway No.	Project Name	Type of Project	Length (km)
1. East Coast Railway	Sambalpur-Titlagarh (182 km)	Doubling	182.00
2. North Central Railway	Bhimsen- Jhansi (206 km) with RE	Doubling	206
3. South Central Railway	Vijaywada-Gudivada- Bhimavaram-Narasapur, Gudivada-Machlipatnam and Bhimavaram- Nidadavolu (221 km) - Doubling with electrification	Doubling	221.00
4. West Central Railway	Bina -Kota (282.66 km) with RE	Doubling	282.66
5. CR & SCR	Daund- Gulbarga- Doubling (224.9 km) and Pune- Guntakal -Electrification (641.37 km)	Doubling	224.9
6. Western Railway	Palanpur- Samakhiali (247.73 km)	Doubling	247.3
7. Eastern Railway	Ranaghat (EMU Car Shed)-Inspection bay for 15 coach maintenance facilities	WKSP	-
8. Eastern Railway	Jheel Siding Coaching Depot- Infrastructure development	WKSP	-
9 North Central Railway	Jhansi-Setting up of coach periodic overhauling and refurbishment workshop	WKSP	-
10. North Eastern Railway	Dullahapur Yard - Provision of tower wagon periodic overhauling shed	WKSP	-
11. South Western Railway	New Station Building at Belguam	OSW	-
12. South Western Railway	Second Entry Station Building at Belguam	OSW	-
13. South Western Railway	Proposed Coaching Depot at Belgaum	OSW	-
14. South Western Railway	Yard Remodelling Works at Belgaum	OSW	-
15. East Coast Railway	RE of Sambalpur-Titlagarh Doubling project (96.596 km)	RE	96.60
16. Western Railway	Palanpur- Samakhiali (247.73 km) RE	RE	247.73
17. Deposit	Electrification of IOCL Siding at Pakni (4 km)	RE	4.15
18. Deposit	Electrification of Ultra Tech Cement Siding at Hotgi (8 km)	RE	9.75
19. Deposit	Electrification of Chettinad Cement Siding at Tilati (7.1 km)	RE	5.9
20. South Central Railway	Umdanagar- Timmapur - New Crossing Station	TFC	-
21. Northern Railway	Final Location Survey for New Line Connectivity to Char Dham (327 km)	FLS	-

3.7 Sections of Projects Commissioned and handed over to Railways in 2022-23:

3.7.1 In 2022-23, 1343.30 km sections were commissioned consisting of 119km of New Line, 925.00 km of Doubling and 299.3 km of Railway Electrification handed over to Zonal Railways for operations, in addition, Railway Electrification of 655 km was also carried out in other than specific Railway Electrification projects as part of Doubling, the details are given below:

S. Name of work	Section Targeted	Length (in km)	Total Length (km)	Zonal Railway
	New Line Projects
1 Angul- Sukinda Road (98.7 km)	Budhapank - Duburi	95.00	95.00	ECoR
2 Joka- Esplanade section of Kolkata Metro	Joka- Taratala	13.02	13.02	Kolkata
				Metro
3 New Garia- Biman Bandar	New Garia- Hemanta Mukherjee	11.00	11.00	Kolkata
Section of Metro railway				Metro
Total for NL		119	119
	Doubling Projects
1 Sambalpur-Titlagarh (182 km)	Deobahal - Bargarh - Barpalli	29.59
	Badmal -Sikir	10.00	49.74	ECoR
	Sikir - Titlagarh	10.15
2 Banspani- Daitari-Tomka- Jakhapura (180 km)	Sagadapata -Tangiriapal	17.80	17.80	ECoR
3 Vizianagaram- Sambhalpur (Titlagarh) 3rd line (264.60 km)	Lajnjigarh Road Jn. (LJR)- Norla Rd.	18.007
	(NRLR) - Rupra Rd (RPRD)		30.97	ECoR
	Kesinga (KSNG) -Titlagarh Jn. (TIG)	12.957
4 Dhanbad- Sonnagar (Patratu- Sonnagar)- 3rd line (291 km)	Bagahabisunpur Yard	3.01
	Ankhora - barkisalaiya - Navinagar	14.07	38.48	ECR
	Sigsigi - Garhwa Rd - TolraRajhura	21.405
5 Rajpura- Bhatinda (172.64 km)	Nabha - Chintawala - Kaulseri	20.817
	LehraMuhabbat - Bhuchuchu - Bhatinda Cantt	16.64	47.15	NR
	Bathinda Cantt. (BTIC) -Bathinda (BTI)	9.695
6 Mathura-Jhansi-3rd line (273.80 km)	Baad - farah - Kitham	20.19
	Morena- Sank- Banmor	19.23
	Banmor- Rayaru - Gwalior	19.26	78.58	NCR
	Antri- Ananthpaith- Dabra	19.896
7 Bhimsen - Jhansi (206 km)	Usargaon - Kalpi - Chaunrah	13.99		NCR
	Malasa - Lalpur - Paman	19.43	48.7
	Paman - Rasulpur - Bhimsen	15.28
8 Varanasi- Madhosingh- Allahabad (120.20 km)	Handiakhas - Ramnathpur	18.394		NER
	Ramnathpur - Jhusi	10.678	29.07
9 Bhatni- Aunrihar with electrification (125 km) (exclIndara - Mau (116.95 km))	Kidihrapur -Chakara Road - Indara	12.98	12.98	NER
10 Phephna- Indara (excl. Indara-Mau) & Mau- Shahganj	Phephna - Rasra	22.41
	Sathiaon - Azamgarh - Phariha	29.823	52.23	NER
11 Vijaywada- Gudivada- Bhimavaram-Narasapur, Gudivada-Machlipatnam and Bhimavaram- Nidadavolu (221 km) - Doubling with electrification	Aravalli (AVLI) -Tanuku - Nedadavolu Jn. (NDD)	39.56	39.56	SCR
12 Vijayawada- Gudur-3rd	Talamanchi (TMC) - Nellore (NLR)	16.065
line (287.67 km)	Nellore (NLR) - Manubolu (MBL)	29.37
	Chinnaganjam (CJM) - Ammanabrolu (ANB)- Karvadi	22.7	99.57	SCR
	Chirala - VTM - Chinnaganjam	21.86
	Singrayakonda (SKM)- Ulvapadu (UPD)	9.57
13 Daund- Gulbarga Doubling (224.9 km)	Bhigwan - Jinti Rd - Parewadi - Washimbe	28.48	28.48	CR & SCR
14 Kharagpur- Adityapur 3rd line (132 km)	Chakuliya - Ghatsila	30.58	30.58	SER
15 Raipur- Titlagarh (203 km)	RVH- Mandirhassaud - Lakholi	25.51	25.51	SECR
16 Madurai- Maniyachi -	Madurai Jn-Tirumangalam	17.32	39.63	SR
Tuticorin (160 km)	Kovilpatti - Kadambur	22.31
17 Maniyachi- Nagercoil (102 km)	Melappalaiyam - Nangunari	24.53
	Valliyur - Aralvaymoli	18.29	56.82	SR
	Nangunari (NNN) - Valliyur (VLY)	14.00
18 Bina-Kota (282.66 km)	Kota -Sogaria	2.71
	Salpura- Kesholi-Chhabragugor	16.185
	Chhabragugor -Bhulol - Motipura Chowki	21.58	73.52	WCR
	Pipraigaon - Kanjia	27.44
	Mahadeokhedi - Malkheri	5.6
19 Palanpur- Samakhiali (247.73 km)	Diyodhar - Mitha - Bhabhar - Radhanpur	41.69
	Varahi -Vaghpura- Chhansara	16.22
	Chhansara - Santalpur- Piprala	25.59	125.64	WR
	Piprala -Lakhpat-Adesar	16.95
	Adesar -BhutakiyaBhimasar - Padampur -Kidiyanagar	25.19
Total for DL		925.00	925.00
Total for GC/DL			1044.00

The list of Projects/ sections under Railway Electrifications plan head commissioned during 2022-23 is as under:

Railway Electrification Projects

S. Name of work No.	Section Targeted	Length (in km)	Total Length (km)	Zonal Railway
1 Hospet - Hubli - Vasco da Gama (346 km)	Tinaighat- Castle Rock (Excl)	10.12	44.18	CORE
	Kulem- Sanvordem- Madgaon	34.06
2 Kasganj-Bareilly- Bhojipura-Daliganj RE (401 km)	Bankeganj- Mailani	14.2	29.87	CORE
	Mailani- Kurraiya	15.67
3 Vijaywada-Gudivada- Bhimavaram-Narasapur, Gudivada-Machlipatnam and Bhimavaram- Nidadavolu (221 km) - Doubling with electrification	Aravalli (AVLI) -Tanuku - Nedadavolu Jn. (NDD)	32.80	32.80	SCR
4 Palanpur-Samakhiali (247.73 km)	Vaghpura- Santalpur- Lakhpat	42.16	42.16	WR
5 Angul-Sukinda Road (98.7 km)	Budhapank- Duburi	91.42	91.42	ECoR
6 Dhasa- Jetalsar (104.44 km)	Dhasa- Lunidhar	47.00	47.00	WR
7 Joka - Esplanade section of Kolkata Metro	Joka- Taratala	6.5	6.52	Kolkata Metro
8 New Garia - Biman	New Garia- Hemanta Mukherjee	5.4	5.4	Kolkata
Bandar Section of Metro railway				Metro
Total		299.3	299.3

3.8 Signalling and Telecommunication

Signalling & Telecommunication (S&T) domain is a core expertise of providing signalling solutions for efficient and safe operation of trains on Indian Railways. There has been a significant induction of modern technologies on Indian Railways namely Electronic Interlocking (EI), Digital Axle Counters, Fibre Optic Cable Network facilitating capacity building in the recent years.

The technology driven advancement is primarily aimed to achieve high level of safety in train operations and increased speeds of trains with higher density of traffic. This ensures the turnaround time of Freight Trains is minimal as well as punctual operation of Coaching Trains is achieved. With continuous and tireless effort of S&T team of RVNL in the area of Railway Infrastructure, Indian Railways is able to achieve many milestones in the sector of freight loading and operation of large number of passenger trains across the length and breadth of the country.

RVNL is a major contributor in providing EI installations on Indian Railways in connection with most complicated projects of Doubling, 3rd Line, New Line and Gauge Conversion. Keeping its tradition high, during FY 2022-23, RVNL has commissioned 93 Nos. of new EI/PIs installations on Indian Railways. Apart from new EIs; RVNL has commissioned Alterations in 53 Nos. of Els/PIs installations on Indian Railways.

RVNL has also commissioned many Major Yards such as Yard remodelling of Bhatinda RRI Station (717 signaling routes), Kota station (534 signaling routes), Garwha Road station (336 signaling routes), Titlagarh (254 signaling routes), VKT station (249 signaling routes) , ANB station (192 routes) & PGU station (177 routes).

RVNL has taken up 146 Nos. of Non-Interlocking (NIs) of stations for commissioning of Doubling & 3rd Line projects during the year. RVNL has also commissioned the high numbers of 52 IBS/Auto signals and Interlocking of 46 Nos mid-section level crossing gates. Not only on the Signalling front. RVNL has also completed the incredible achievement in the area of telecommunication by providing 1350 km of Fibre Optic Network and 6Quad Cable network during the year.

Railway Board had entrusted RVNL to approve Logic & Interface Circuits on its own through 3rd Party IRSTELO license holders for CR, SCR, WR & WCR up to 75 routes. RVNL has approved Logic & Interface Circuits of 104 stations. This has reduced the workload of Zonal Railway's on document approval organization and well expedited the approval process

of Logic & Interface Circuits thus had played a pivotal role in commissioning of such a large number of stations by RVNL.

Signaling and Telecommunication vertical thus played a very vital role in providing large nos. of signaling installations in connection with large infrastructure projects on Indian Railways.

3.9 Projects under implementation:

There are 77 projects under various stages of implementation by RVNL.

3.9.1 The details of 47 projects assigned by Ministry of Railways to RVNL till March 2022 and which are under implementation are as under:

S. Railway	Name of Project	Plan Head
1. ER	Nabadwipghat-Nabadwipdham upto BB loop (9.58 km) {Part of Kalinarayanpur-Krishnanagar with Krishnanagar-Shantipur Nabadwipghat- GC, Krishnanagar-Chartala, MM for Krishnanagar Chapra-NL, Naihati- Ranaghat-3rd line, Nabadwipghat-Nabadwipdham upto BB loop (9.58 km), Ranaghat-Lalgola strengthening (bridge No.2)}	Doubling
2. ER	Dankuni-Furfura Sharif NL {Part of Liluah-Dankuni - 3rd line (10.13 km) with extension to Furfura Sharif}	Doubling
3. ECR	Dhanbad-Sonnagar (Patratu-Sonnagar) - 3rd line (291 km)	Doubling
4. ECoR	Banspani-Daitari-Tomka-Jakhapura (180 km)	Doubling
5. ECoR	Vizianagaram-Sambhalpur (Titlagarh) 3rd line	Doubling
6. NR	Rajpura-Bhatinda Doubling with Electrification (172.64 km)	Doubling
7. NR	Janghai-Phaphamau DL with RE (46.79 km)	Doubling
8. NCR	Mathura-Jhansi 3rd line	Doubling
9. NER	Varanasi-Madhosingh-Allahabad	Doubling
10. NER	Bhatni - Aunrihar with electrification (125 km) (exclIndara - Mau (116.95 km)	Doubling
11. NER	Phephna-Indara, Mau-Shahganj (excl. Indara-Mau) (150.28 km) DL	Doubling
12. SR	Madurai-Maniyachi-Tuticorin Doubling with RE (159 km)	Doubling
13. SR	Maniyachi - Nagarcoil Doubling with RE (102 km)	Doubling
14. SCR	Vijayawada-Gudur 3rd line	Doubling
15. SER	Kharagpur (Nimpura)-Adityapur 3rd line (132 km)	Doubling
16. SWR	Hospet-Hubli-Londa-Tinaighat-Vasco da Gama (352.28 km)	Doubling
17. WCR	Budni-Barkhera - 3rd line (33 km)	Doubling
18. NER	Lucknow-Pilibhit via Sitapur, Lakhimpur (262.76 km)	Gauge Conversion
19. WR	Junagarh -Visavadar (42.28) km	Gauge Conversion
20. CR	Yevatmal- Nanded (206 km) NL	New Line
21. ECR	Fatuah-Islampur incl. material modification for extension of new line from Neora to Daniawan; Daniawan to Biharsharif; Biharsharif to Barbigha; Barbigha to Sheikhpura	New Line
22. NR	Rishikesh-Karnaprayag (125.09 km)	New Line
23. NR	Bhanupalli-Bilaspur-Beri (63.1 km)	New Line
24. NER	Mau-Ghazipur-Tarighat New Line	New Line
25. SECR	Dallirajhara-Rowghat (90 km) {Part of Dallirajhara-Jagdalpur (235 km)}	New Line
26. WCR	Indore-Jabalpur (342 km) NL sanctioned as Budhni-Indore (205 km)	New Line
27. CORE	Hospet - Hubli - Vasco da Gama (346 km)	RE
28. CORE	Kasganj-Bareilly-Bhojipura-Daliganj RE (401 km)	RE
29. ECoR	Khurda Road - Construction of main line electrical multiple unit car shed (Phase-2)	WSKP
30. SCR	Kazipet - Workshop for Wagon Periodical Overhauling	WKSP
31. WR	Vadodara - Setting up of New PoH Shop for Electrical Locos	WKSP
32. SR	Repair of S&T Workshop at Podanur, Tamil Nadu	WKSP
33. ER	Samudragarh-Nabadwipdham - Road over bridge in lieu of level crossing No.14	RSW
34. SR	Manamadurai-Rameswaram - Repl of Full Scherzer Lift Span (Bridge No. 346) (Pamban Viaduct)	BRGW
35. SR	Manamadurai-Rameshwaram - Reconstruction of bridge (Pamban Viaduct) with navigational lift span	BRGW
36. NER	Daraganj - Rebuilding (Bridge No.111 On Ganga)	BRGW
37. NER	Setting Up of Centralised Training Institute for IRSME & IRSS Officers at Lucknow	TRG
38. WR	National Rail & Transportation Institute at Vadodara (NAIR)	TRG
39. WR	Construction of hostels in centralised training institutes (Umbrella Work 2019-20)	TRG
40. WR	Infrastructure up-gradation of Training Institutes at NAIR Campus	TRG
41. SECR	Direct Power Supply from Central Generating Agencies	OEW
42. WCR	Provision of Addl. Traction Substation at Budhni	OEW
43. SCR	Multi-Modal Transport System (MMTS) - Phase-II in Hyderabad	MTP
44. SCR	Ghatkesar-Raigir (Yadadri)-Extension of multi modal transportation system Phase-II	MTP
45. MET	Baranagar-Barrackpore &Dakshineswar - Construction of Metro Railway (14.5 km)	MTP
46. MET	Dum Dum Airport-New Garia via Rajerhat - Construction of Metro Railway (32 km) including Naupara (Ex.)-Baranagar (2.6 km) {Part of Dumdum-Baranagar Metro Railway sanctioned as MM to Dumdum-New Garia Metro Railway vide letter No. 96/Proj/C/5/1/Pt. Dated 30.10.09}	MTP
47. MET	Joka-Binoy Badal Dinesh Bagh via Majerhat - Construction of Metro railway (16.72 km) incl material modification for extension from Joka Diamond Park (Phase-I)	MTP

3.9.2 List of 2 projects transferred to RVNL as Material Modifications in 2022-23:

S. Railway No.	Name of Project	Plan Head
1 WR	RE of Ahmedabad - Botad (170.48 km)	RE
2 WR	RE of Dhasa - Jetalsar (104.44 km)	RE

3.9.3 The list of 28 projects awarded to RVNL through Competitive Bidding and under execution is as under:

The details of 5 projects assigned to RVNL through competitive biddings in 2021-22 are as under:

S. Agency / No. Client	Name of Project	Plan Head
1. MP Metro	Design and Construction of Elevated 10 km Viaduct and 09 Elevated Metro Stations including all Civil, Structural, Roof structure, MEP works, Architectural finishes, Fapade, etc for Indore Metro Rail Project.	Metro Works
2. MP Metro	Design and Construction of 07 Elevated Metro Stations including Structures, Architectural Finishes, E&M Works etc. of Indore Metro Rail Project.	Metro Works
3. NHIDCL	DPR Preparation for Highways in North-East Region in state of Nagaland for length of 200 KM.	DDC
4. NHIDCL	DPR Preparation for Highways in North-East Region in state of Nagaland for length of 280 KM.	DDC
5. NHIDCL	DPR Preparation for Highways in North-East Region in state of Mizoram for length of 740 KM.	DDC

The list of projects 23 projects awarded to RVNL through Competitive Bidding in 2022-23 and under execution is as under:

S. Agency / No. Client	Name of Project	Plan Head
1. NFR	Construction of Single BG Tunnel Line No. 06 (approx. length 4930m) between Ch. 45800 to Ch. 50730 including Escape Tunnel (Total length 4600m), in connection with DMV-Kohima new BG Line Project	Civil
2. GMRCL	Supply Installation Testing and Commissioning of Ballastless track (L -55 TKM) from Sarthana to Dream city in elevated and underground section for corriodr -1, Surat Metro, Phase -II	Civil
3. NHAI	Construction Of 4 Laning Of Nh-5 From Kaithlighat To Shakral Village (Shimla Bypass Package 1: From Km 128.835 To Km 146.300 For Design Length=17.465km) In Himachal Pradesh On Hybrid Annuity Mode.	Civil
4. NHAI	Construction of 4 lane highway from Samarlakota to Achampeta Junction (from km. 0.000 to Km. 12.250) as a part ofKakinada port to NH-16 connectivity in the State of Andhra Pradesh under Bharatmala Pariyojana on EPC mode.	Civil
5. AMC	Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage-2: Kharicut Canal Development Navyug School Canal Crossing to Nidhipark Society (Ch. 2500 - Ch. 5000)	Civil
6. AMC	Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage-3: Kharicut Canal Development Nidhipark Society to Odhav Fire Station (Ch. 5000 - Ch. 7600)	Civil
7. GoG- NH Division	Up gradation to Six Lane with Paved Shoulder of Sarkhej-Changodar Section of NH 8A (New NH 47) from KM 11+950 to KM 16+000 on EPC mode in the State of Gujarat	Civil
8. CMRCL	Construction of Elevated Viaduct (approximate length of 10 km), nine (9) Elevated Metro Stations at Sholinganallur Lake-I, Sri Ponniamman Temple Sholinganallur Lake-II, Sathyabama University Semmeancheri-I, Semmeancheri-II, Gandhi Nagar, Navallur, Siruseri, Siruseri Sipcot-1 And Siruseri SIPCOT-2 and stabling viaduct at SIPCOT	Civil
9. GMRCL	Construction of Bhesan Depot Cum Workshop Which Includes DCC, BCC And Associated E&M Works Under Corridor - C2, Bhesan To Saroli, For Surat Metro Rail Project Phase - 1, DC-2	Civil
10. CORE	Design, Supply, Erection, Testing and Commissioning for OHE Modification Work in the existing 25 kV OHE for increasing speed potential to 160 KMPH under East Central Railway Pradhankhanta - Bandhua Section of Dhanbad Division (DHN).	Electrical
11. MEA	Development of the UTF Harbour Project in Maldives	Civil
12. Southern Railway	Provision of Automatic Block Signalling with Dual MSDAC, EI/OC interface and Block Optimization in Arakkonam Junction(AJJ)-Nagari (NG) Section of Chennai (MAS) Division in Southern Railway (Reach-I).	S&T
13. Southern Railway	Provision of Automatic Block Signaling with Dual MSDAC, EI/OC Interface and Block Optimization in NAGARI(NG) - TADUKU(TDK) section and Replacement of EI/RRI at VEPAGUNTA (VGA) Station of CHENNAI (MAS) Division in Southern Railway (Reach-II).	S&T
14. Southern Railway	Provision of Automatic Block Signaling with Dual MSDAC, EI/OC Interface and Block Optimization in TADUKU(TDK)-RENIGUNTA (RU) section and Replacement of EI/RRI at TADUKU (TDK), PUDI (PUDI) & SRI VENKATA PERUMAL RAJU PURAM (SVF) Stations of CHENNAI (MAS) Division in Southern Railway (Reach-III).	S&T
15. MPPKVVCL	Commissioning of 33 KV Line associated works such as 33 KV Line Bifurcation, 33 KV Line Interconnection and 33 KV Line Conductor Augmentation in Rewa, Satna, Sidhi, Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles (Package-10) area of MPPKVVCL, Jabalpur under Revamped - Reforms - Based and Results - Linked Distribution Sector Scheme	Electrical
16. GMRCL	Supply, Erection, Testing and Commssioning of power Supply Receiving & Distribution System, 750 V D Third Rail Traction Eletrification and Scada system for Ahmedabad Metro	Electrical
17. NWR	Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western Railway.	S&T
18. IR	Manufacturing cum Maintenance of 200 nos. of Vande Bharat Trainsets including upgradation of the Government Manufacturing Units & Trainsets Depots	Manufacturing
19. MPPKVVCL	Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company LimitedMPMKVVCL - Civil	Electrical
20. MPPKVVCL	Madhya Pradesh Poorva Kshetra: Revamped - Reforms - Based and Results - Linked Distribution Sector Scheme (RDSS) (Pkg-12)	Electrical
21. NHAI	Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the state of Jharkhand on Hybrid Annuity Mode (Package 8).	Civil
22. NHAI	Construction of Six Lane Elevated Kona Expressway from Km. 0.145 to Km. 7.337 of NH-117 in the state of West Bengal on EPC mode	Civil
23. North Central Railway	Provision of EI based Automatic Signaling with continuous track circuiting and other associated works including suitable Indoor alteration in Electronic Interlocking/RRI/PI stations enroute in Jhansi (incl)-Gwalior (Incl.) section of Jhansi Division of North Central Railway.	S&T

3.9.4 The list of projects transferred back to Railway in 2022-23 is as under:

S. Railway No.	Name of Project	Plan Head
1. WR	Dighi Port-Roha (33.76 km) - New Line project transferred by Railway Board	New Line

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

(i) Khijadiya-Visavadar GC (91.27 km)

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

(iii) Bhadrak-Vizianagaram 3rd Line (385 km) - project was deferred by Railway Board now under reconsideration for sanctioning

Total 548.22 km project length is yet to be sanctioned.

3.11 Major Projects awarded through Bidding:

3.11.1 Indore Metro Project:

The Indore Metro is a rapid transit system which is under construction for the city of Indore, India. The total system consists of 11 corridors (lines) covering a distance of 124 kilometres (77 mi). The metro system will be elevated, underground and on ground.Six corridors have been proposed by MPMRCL. This system consists of a Network of 100-107 km and with lines overlapping and branching. In May 2013, a detailed project report preparation for the MRTS including the selection of the system for the city was started.

In 2020 MPMRCL invited bids for the first phase/ yellow line consisting of 17 kms of Viaduct having 16 stations.

Rail Vikas Nigam Limited (RVNL) has been awarded two major packages (IN02 & IN03) of the yellow line of the project which includes Design and built 16 nos. of stations and 10.9 km of the viaduct.

Package 02-

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

Package 03-

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

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

1. Key Features of the Project:

Project consist of 2 Packages named as Package IN-02 & Package IN-03, the key features of the areas under:

Package IN-02

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

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

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

Description	Unit	IN-03
Route length	KM	10.927
Alignment - Straight	KM	5.619
Alignment - Curve	KM	3.566
Alignment - Stations	KM	1.26
Shunting line	KM	0.48
Connection line to Depot	KM	1.171
Elevated Stations	No's	9

3.11.2 First overseas project in Maldives

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

The work has taken off well. As on date, RVNL has successfully completed preliminary works like

topographic survey, bathymetric survey and coral mapping. Coral shifting is in progress. The work for construction of column to be used for placing of Geo-tube before start of dredging is in progress. The dredging work will also start very soon.

3.12 Kolkata Metro Projects:

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

• Joka-BBD Bag via Majerhat (16.72 km)

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

• Baranagar-Barrackpore & Dakshineswar (14.5 km)

• Noapara (Ex.)-Baranagar (2.6 km)

3.12.2 Thereon RVNL was entrusted to build Metro corridors of about 65 km in Kolkata without any survey of underground utilities and without any DPR (Detailed Project Report). DPR is a pre-requisite for planning of Metro corridors in urban areas. RVNL first engaged RITES for preparation of DPR. Late arrival of metro extension work in the congested and unplanned city was a challenge and required a lot of meticulous planning for identification and removal of encroachments and other impediments to start construction activity of Metro. The land acquisition in Kolkata/West Bengal poses a big problem causing delayed construction of Metro corridors and other infrastructural projects. The issues like removal of encroachments and relocation of utilities along with traffic diversion have affected the execution. RVNL has taken all possible action for implementation and early commissioning of Metro projects for larger interest of people of Kolkata.

3.12.3 The foundation stone for Joka-BBD Bag project was laid by Her Excellency, President of India on 22.01.2010. Subsequently, 2 packages for viaduct and 2 packages for stations were awarded in December 2010 and April 2012 respectively. This entire Metro corridor has been planned in 2 phases i.e. in 1st phase from Joka to Majerhat elevated section and in the 2nd phase from Mominpur to BBD Bag as underground section. Originally sanctioned as elevated section but Material Modification is sanctioned by Ministry of Railways for underground system from Mominpore to Esplanade. For construction of Mominpur station, working permission from Army HQ has been received only on 20.03.2023.

Joka - Esplanade Metro Corridor

3.12.4 In the Metro corridor from Joka to Majerhat, from Joka to Taratala (Phase-I) 6.50 Km has been commissioned after CRS inspection on 10.11.2022. This Phase-I section has been dedicated to the public of Kolkata by Hon'ble Prime Minister on 30.12.2022 and commercial services started by Metro Railway on 02.01.2023. The major impediments were namely, Rehabilitation India building has been dismantled, and the long pending permission from Mint was received from Ministry of Finance and the viaduct work on that stretch is completed. The next phase of commissioning Taratala to Majerhat which will integrate the Metro Railway with EMU service of Eastern Railway and will much facilitate passengers

for their day to day transportation need. Earlier, due to collapse of old ROB at Majerhat on 4th Sept 2018, the construction of Majerhat station came to a halt as State Government did not give permission for the construction work. After the commissioning of new ROB at Majerhat in Nov 2020, NOC has since been received from State Government, and construction of Majerhat Metro station is now going in full swing, and is expected to be completed before Puja during the current year 2023. For construction of MJT station (MJT Yard) launching of steel girders have been done after obtaining sanction of CRS/N.F. Circle. The station over yard is on three layers.

Beyond Majerhat, the Joka to Majerhat Metro Corridor is being extended upto Esplanade going underground from Mominpore ramp. The GC- cum-PMC contract for the underground section has been awarded and the tender for underground construction tender for tunnelling by TBM is in advance stage of finalization and will be awarded shortly so that the underground work can start in full swing. Working permission has accorded after Hon'ble High Court/ Kolkata's clearance for execution in Defence land in the Maidan area for the public interest of Kolkata. The NOC from Victoria Memorial Trust has been received recently to go ahead with underground station near Victoria Memorial.

Since this Metro stretch is a standalone system, a Maintenance Depot has been developed in Joka and Ph-I part is under operation. Earlier, due to nonavailability of land (24.48 hectare), the tender for the depot was discharged twice, once in February 2013 and again on October 2017. Thus, the commissioning is planned in 3 phases i.e (a)Ph-I-Joka-Taratala, (b)Ph- II-Taratala-Majerhat, (c) Ph-III- Majerhat-Esplanade. The Commissioning of 1st phase is done on 30.12.2022. The 2nd phase uptoMajerhat is expected to be commissioned before Puja. After the 1st phase commissioning the outskirt population of Kolkata has been connected to Kolkata which is a great relief for the people residing away from Kolkata but normally come to Kolkata on daily basis doing a tough journey every day.

New Garia-Airport Metro Corridor

3.12.5. In the section of New Garia to Rabindra Tirtha of Dum Dum Airport-New Garia project, initially 4 packages of Viaduct were awarded on 21.10.2011. About 18 km viaduct has been completed. The contracts for 21 stations (3 packages) were awarded on 05.03.2014. Out of 21 stations, station land for Technopolis Metro station is now handed over. The project got delayed because of issues relating to land acquisition, traffic diversion, utility diversion and other permission over busy EM Bypass road. Further, change of alignment proposed by State Government where unauthorized buildings were constructed even after the Gazette Notification for

Metro construction, and other impediments like shifting of markets, traffic guard, raising of 220 KV overhead line, removal of encroachments, etc. slowed down the progress of work. Substantial part of these impediments have been either removed and the balance are on the way of being removed. The alignment from City Centre-II to Airport is now approved by State Government after long persuasion and contract for construction of Metro beyond Titumir to Airport has been awarded on 18.01.2021, The work is under progress. In this section the commissioning is planned in 3 phases i.e (a)Ph-I-New Garia-Hemanta Mukhopadhyay, (b)Ph-II-Hemanta Mukhopadhyay to Salt Lake Sector-V and (c) Ph-III- Salt Lake Sector-V to Airport. The commissioning of 1st phase is awaited for which CRS inspection has been conducted on 30.01.2023 and authorization received on 07.02.2023. The next phase of commissioning has been modified for commissioning from Hemanta Mukhopadhyay to Beliaghata by Dec. 2023 due to NOC pending at few locations beyond Beliaghata to Sector-V.

Noapara - Baranagar - Dakshineswar Metro

3.12.6 For Baranagar-Barrackpore & Dakshineswar and Noapara-Baranagar, the work was planned in 2 phases i.e. the first phase being Noapara- Baranagar-Dakshineswar and in the second phase, from Baranagar-Barrackpore. The first phase, i.e. from Noapara to Dakshineswar, the Metro corridor has been inaugurated and dedicated to the Nation by Hon'ble Prime Minister on 22.02.2021 for public use. For the second phase of this Metro corridor, i.e.Baranagar-Barrackpore, an MoU was signed between State Government, Metro Railway and RVNL in October 2011 where it was decided that RVNL shall commence 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. The work of new pipeline has been commissioned but RVNL has not been able to start the work due to noncompliance of provisions of tripartite MoU by the State Government. State Government in their letter of 03.05.2018 had proposed for change of alignment i.e. through Kalyani Expressway. Ministry of Railways (CRB) had responded this proposal by writing to Chief Secretary, GoWB that under such a situation, it will become a new project requiring fresh sanction. RVNL, on its part, had requested State Government

vide letter dated 19.11.2018 to lay a new pipeline through another alignment for which RVNL would bear the cost. Vide letter dated 05.05.2022, State Govt. asked for an additional pipeline of 90" dia at project cost in lieu of closing 60" ,48", 42" pipe lines on BT Road. Work on this phase of the Metro corridor could not be initiated due to above account. After discussion with State Govt. Technical Consultant has been engaged by RVNL for finalizing the proposal for Metro construction by shifting 48'' pipeline in phases so that three metro stations can be completed from Baranagar-end in 1st phase.

3.12.7 Phase Commissioning of Metro Project:

(i) Noarpara - Baranagar - Dakshineswar: The

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

(ii) Joka-Taratala: 9.0 km of continuous stretch

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

(iii) New Garia-Hemanta Mukhopadhyay in New Garia-Airport corridor: 1st phase is awaited for commissioning and CRS inspection has been conducted on 30.01.2023, authorization received on 07.02.2023. The next phase of commissioning will be from Hemanta Mukhopadhyay to Beliaghata by Dec'2023.

Accidents

During 2022-23, no accident was reported from any of the project sites of RVNL.

3.13 ADB funded projects:

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

• Raipur-Titlagarh doubling

• Sambalpur-Titlagarh doubling

• Hospet-Tinaighat doubling

• Daund-Gulbarga doubling

• Pune-Guntakal Railway Electrification

The funding by ADB requires compliance of various loan covenants on resettlement and rehabilitation of project affected persons, procurement of works and stores following international competitive bidding and implementation of plans for mitigation of social and environmental impact norms. A Multi Tranche Financing Facility of $ 500 million has been agreed to by ADB. The loan agreement for first Tranche (Loan No. 2793-IN D) of this MFF for an amount of $ 150 million was signed in July 2012 and the loan agreement for second Tranche (Loan No. 3108-IND) of this MFF for an amount of $ 130 million was signed in February 2014, the loan was closed on 20.12.2019 Project Agreement & Loan Agreement against ADB loan No. 3623-IND (Railway Sector Investment Program- Tranche III) for an amount of $ 130 million have been signed on 16.3.2018 and made effective on 07.06.2018. The loan was fully disbursed on 29 October 2021 and the loan account was closed effective on 2 December 2021.

3.14 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:

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

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

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

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

During 2022-23, contracts worth approximately

Rs. 3885.18 crore were awarded.

The following major contracts were awarded by the

Company during the year:

• "Design, Manufacture, Supply, Installation, Testing and Commissioning of CBTC based Train control & Signalling Systems and Telecommunications Systems for Kavi Subhash- Biman Bandar Metro corridor (32 km) and Joka-Esplanade Metro corridor (16 Kms) of Metro Railway Kolkata in West Bengal, India" (Rs 763.29 crore)

• "Construction of Elevated viaduct (Approximate length of 10 kms), NINE (9) Elevated Metro Stations at Sholinganallur LAKE-I, Sholinganallur Lake II, Semmeancheri - I, Semmeancheri - II, Gandhi Nagar, Navallur, Siruseri, Siruseri SIPCOT-1 AND Siruseri SIPCOT-2 and Stabling Viaduct at SIPCOT excluding Architectural works, finishing works and other Miscellaneous works for Chennai Metro Rail Limited" (Rs 465.06 crore)

• "Construction of Foundations, Substructure & Superstructure along With River Training/ Protection Work, Earthwork & allied works for 8 Major Bridges in Between Chainage Km 20+000 To Km 63+00, in connection with Bhanupali- Bilaspur-Beri New Railway Line in District Rupnagar of Punjab And District Bilaspur of Himachal Pradesh State, India" (Rs 367.98 crore)

• "Setting up of Wagon Repair Workshop at Kazipet, Telangana on EPC mode" (Rs 361.79 crore)

• "Construction of approaches & viaduct of Br No 111, roadbed, Major & Minor bridges between Jhusi (excluding) to PrayagrajRambag (excluding) from km 320.600 to km 326.100 in connection with Varanasi-Madhosingh-Allahabad doubling project of Varanasi Division of North Eastern Railway in State of Uttar Pradesh, India." (Rs 154.60 crore)

• "Construction of Earthwork, LHSs, Minor Bridges, Track diversion, Building Work, Passenger Platforms etc. at Bhanupali, Thaluh and Dharot Yards in connection with Bhanupali-Bilaspur- Beri New Railway Line Project, State of Punjab and Himachal Pradesh, India" (Rs 114.98 crore)

• "Package 1 of RVNL: Execution of Various Type a of Works For Development of Kharicut Canal From Chainage 2.50 to 4.00 lying under Package-2 section of AMC [Between Navyug School Canal Crossing to Nidhipark Society]"(Rs 98.42 crore)

• "Design, Supply, Erection, Testing & Commissioning of 25 KV, 50 Hz, Single Phase, Conventional Traction Over Head Equipment, Switching Stations and other associated works, associated Signal & telecommunication work, Civil Engineering work i.e., Staff quarters, T.W. sidings, service buildings and electrical general services works for Railway Electrification between stations Dhasa - Jetalsar (104.44 RKM/118.09 TKM) in Bhavnagar Division of Western Railway in the state of Gujarat, India"(Rs 94.51 crore)

• "Package 4 of RVNL: Execution of various types of works for Development of Kharicut Canal from Chainage 5.60 to 6.50 lying under package-3 section of AMC [between Nidhipark society to Odhav Fire Station]"(Rs 72.31 crore)

• "Package 5 of RVNL: Execution of various types of works for Development of Kharicut Canal from Chainage 6.60 to 7.60 lying under Package-3 section of AMC [between Nidhipark society to odhav Fire Station"(Rs 71.84 crore)

• "Package 2 of RVNL: Execution of Various Typea of Works For Development of Kharicut Canal From Chainage 4.00 to 5.00 lying under Package-2 section of AMC [Between Navyug School Canal Crossing to Nidhipark Society]"(Rs 70.94 crore)

• "Strengthening of all Piers (22) by RCC jacketing includes dowelling, cofferdam of Bridge No. 301/1 (Km 302.100) between Bhigvan and Jinti Road stations in connection with doubling of Daund- Kalaburagi Section in Solapur Division of Central Railway, Maharashtra, India" through Special Limited Tender "(Rs 69.44 crore)

• "Package-7 of RVNL: Providing factory-made Fuji Silvertech or equivalent precast box culvert from Chainage 5.00 to 7.60 for Development of Kharicut Canal lying under Package-3 section of AMC [between Nidhipark Society to Odhav Fire Station]"(Rs 59.28 crore)

• "Package-6 of RVNL: Providing Factory-Made Fuji Silvertech Or Equivalent Precast Box Culvert From Chainage 2.50 To 5.00 For Development Of Kharicut Canal Lying Under Package-2 Section of AMC [Between Navyug School Canal Crossing To Nidhipark Society]" (Rs 57.00 crore)

• "Railway Electrification for the section of Parvathipuram (Excl.)-Gotlam (Incl.) in connection with 3rd line works between TIG- VZM in WAT division of East Coast Railway, India" (Rs 51.81 crore)

• Survey, Design, Supply, Installation, Testing and commissioning of new Electronic Interlocking at Jaroli, Jaroli-A and Nayagarh stations, IBS in Nayagarh-Porjanpur section, modification of outdoor signalling work at Porjanpur station, telecom equipment's and associated works in connection with commissioning of twin single line in Jaroli-Nayagarh section and doubling in Nayagarh-Porjanpur section over Chakradharpur Division of South Eastern Railway and Khurda Road Division of East Coast Railway in Odisha State, India" (Rs 43.71 crore)

• "Package 3 of RVNL: Execution of Various Type a of Works For Development of Kharicut Canal From Chainage 5.00 to 5.60 lying under Package-3 section of AMC [Between Nidhipark Society to Odhav Fire Station]" (Rs 43.17 crore)

• "Construction of foundation and sub-structure of Bridge No.10 (Span 1 x 18Mtr+1x36.0 Mtr+1x18Mtr) ROB with composite girder for 6-lanning traffic on New rail connectivity from Duburi Station - Tata Steel Plant (Kalinganagar) at Rly.Chainage : 80/76km on NH-53 crossing at NHAI CH; 389.957 km between Duburi -Chandikhol Highway in connection with Angul- Sukinda New BG Rail link project under Khurda Division of East coast Railway in the State of Odisha, India" (Rs 29.55 crore)

• "Construction of 140 Meter Rail tunnel between Muhammadganj & Satbahini Station a Chainage 344.280 to 344.420 and other associated works in either approaches in connection with Construction of 3rd (B.G.) Rail Line between Sonnagar to Garhwa Road Section in Jharkhand, DDU Division of East Centrla Railway, Bihar, India" (Rs 29.16 crore)

• "Supply of Ballast, Installation of B.G.P.Way Track (Excluding supply of Rails, BG Line sleepers, thick Web switches) and other miscellaneous works in Package 5A - Rayagada (Excl.) - Jimidipeta (Excl.) in connection with TIG-VZM 3rd Line Project in Waltair division of East Coast Railway" (Rs 27.75 crore)

• "Relocation of Buildings & Structures required for Construction of Metro works inside Command Hospital Kolkata Armed Police, Consulate General of Nepal, Office of PWDte Executive Engineer (Electrical), Kolkata including dismantling

of Building/Structures and allied works in connection with Construction of Momimpur- Esplanade section of Joka Esplanade Metro Corridor ib the State of West Bengal, India" (Rs 25.91 crore)

• "Supply of machine crushed stone railway track ballast on cess, as per RDSO's Specification no. IRS-GE-1, June-2004 with updated correction slips, from Kabrai/Jhansi ballast quarries, stacking the ballast alongside the proposed alignment on either side of track, formation/in yards and at locations, as per site requirements and leading for laying on track between Shahgarh (ex) to Pilibhit (ex) stations, in connection with Shahgarh-Pilibhit gauge conversion work on Izzatnagar Division of North Eastern Railway in Pilibhit District of Uttar Pradesh, being executed under Chief Project Manager-I, Rail Vikas Nigam Limited, Lucknow" (Rs 25.79 crore)

• "Execution of Civil Work upto Concourse of Technopolis Station and Miscellaneous Work for Kavi Subhas - Bimanbandar Metro Corridor" (Rs 23.65 crore)

• "Modification (including Design, Supply, Erection, Testing, and Commissioning) of existing overhead equipment with 25 KV, 50 Hz AC supply in yards of Phaphamau (excl.)- Janghai (excl.) Section in connection with doubling of tracks between Phaphamau (excl.)- Janghai (excl.) Section in Lucknow Division on Northern Railway, Uttar Pradesh, India" (Rs 20.05 crore)

• "Construction of various structures & service buildings at Adityapur, Rakhamines related to additional work as per approved alteration ESPs, Construction of New Crew and Guard Lobby at Tatanagar, construction of minor Bridge No.26, 26A, 48, 49 & 50, Construction of Roads, construction of side drains at Galudih yard, between Km 209/14A to Km 209/24A & Km 210/2A to Km 210/12A and between Salgajhari to Adityapur and several miscellaneous works in the section between Salgajhari- Adityapur of Kharagpur 3rd Line Project" (Rs 20.00 crore)

• "Execution of LHS works along with approach road works at RV 235 @Km 304/11-13 between MNGD-BMCK station (BMCK yard) and RV 236 @ Km 308/3-5 between BMCK-THV station of Package-4, in connection with 3rd Line between TIG-VZM in SBP Division of East Coast Railway in Odisha State, India" (Rs 19.95 crore)

• "Execution of miscellaneous works like construction of cover sheds over approach roads of LHSs (RV-282, RV-293, RV-315), diversion of roads at LHSs and LCs, Safety Fencing works between running track and roads, precast

boundary walls and provision of borewells etc. between Jimidipeta and Gotlam in connection with construction of 3rd line project from Titlagarh to Vizianagaram in Waltair division of East Coast Railway". (Rs 19.89 crore)

• "Construction of Entry Structure A at Hemanta Mukherjee, Entry Structure A at Vip Bazar, Entry Structure D at Kavi Sukanta and Balance Work of Entry Structure A & B at Kavi Sukanta in Ans- 1 Project and (B) Construction of Northbound Diversion Road for Construction of Substructure Work from P286 To P289 of Metro Viaduct in Anv-2 Section in connection with phase commissioning of Metro Service of New Garia- Airport Metro Corridor in the State of West Bengal, INDIA" (Rs 19.81 crore)

• Left over works related to dismantling of existing road over ridge and rebuilding of new road over bridge at km 432/25-27 (Br.no.575A) including approach road works near Vanivihar PH of Mancheswar-Bhubaneswar Section in connection with Construction of third line Between Barang and Khurda road in Khurda road Division of East Coast Railway in Odisha State, India" (Rs 19.41 crore)

• "Left over works related to dismantling of existing road over ridge and rebuilding of new road over bridge at km 432/25-27 (Br.no.575A) including approach road works near Vanivihar PH of Mancheswar-Bhubaneswar Section in connection wth Construction of third line Between Barang and Khurda road in Khurda road Division of East Coast Railway in Odisha State, India" (Rs 19.11 crore)

• "Construction of various passenger and staff amenities works as per requirement of Ahmedabad division such as Extension of FOB at Samakhiali station construction of new FOB at Bhildi station ,Construction of Transit Accommodation at Bhildi&Samakhiali stations ,Improvement in Railway colony roads and Construction of LC gate lodges/ small service buildings in station yards and mid sections along with other miscellaneous civil works pertains to CRS stipulations compliance and allied works in connection with Palanpur-Samakhiali Doubling project" (Rs 19.07 crore)

• "Design, Supply, Erection, Testing and Commissioning of 25 KV AC 50 HZ Single Phase Traction Overhead Equipment including modification works between sections Sanathnagar - Moula Ali 'C' Cabin of Secunderabad Division, Moula Ali 'G' Cabin - Dayanandnagar - Malkajgiri of Hyderabad Division on South Central Rail" (Rs 18.98 crore)

• "Balance Pump House, Road work and Miscellaneous works in connection with Commissioning of Metro Car depot at Joka, West Bengal" (Rs 16.88 crore)

• "Provision of fencing for Compensatory Plantation In Connection With Compliance Of Central Empowered Committee (Cec) Recommendations At 10 Stations Namely Runakta, Patholi, Midhakur, Kirwoli, Fatehpursikri, Bichpuri, Raibha, Achnera, Karodana&Idgah Stations On Agra Division Of North Central Railway In Uttar Pradesh State Of India" (Rs 16.66 Crore)

• "Construction of Service Buildings like RPF Office, BRI Office, CPWI Office, Electrical Staff Office, Gang Tool Room etc. and construction of staff quarters at various locations falling under Aghmedabad - Botad Gauge conversion Section in Bhavnagar Division of Western Railway, Gujarat, India" (Rs 14.95 crore)

• "Balance work of Earthwork, Blanket, Platform, PP Shelter and Major Bridge no. 05 etc. between Bhatni - Peokol in connection with Doubling of Bhatni - Aunrihar Section on Varanasi Division of North Eastern Railway in the state of Uttar Pradesh, India" (Rs 14.44 crore)

• "Construction of Major Bridge No. 265 (4x12.2 m PSC Slabs) between Mala (ex) and Pilibhit (ex) stations, which includes installation of 1200 mm dia bored cast-in-situ RCC (M-35) Piles, RCC Piers and Abutments, launching in position of already available PSC Slabs and other ancillary bridge works, finishing works on already constructed Major Bridge 258 and Construction of 02 nos Limited Height Subways including RCC Box (by cast-in-situ method), retaining walls for approach roads with covering, drainage arrangements, installation of height gauges and other ancillary works for elimination of Level Crossing No. 197 & 198 between Mala (ex) and Pilibhit (ex) stations in connection with Shahgarh (ex) to Pilibhit (ex) gauge conversion works on Izzatnagar Division of North Eastern Railway, in Pilibhit District of Uttar Pradesh, being executed under CPM/ RVNL/Lucknow" (Rs 12.72 crore)

• "Execution of Signal and Telecommunication works in connection with Yard Remodelling at Nidadavolu Jn. Station on Vijayawada Division of South Central Railway" (Rs 12.11 crore) ^•

• "Construction of Gate Lodges, LC Approach Road and other related miscellaneous works at Level Crossings between Bhatni-Salempur- Kidiharapur and Mau-Dullahpur-Sadat in connection with Doubling of Bhatni-Aunrihar Section on Varanasi Division of North Eastern

Railway in the state of Uttar Pradesh, India." (Rs 12.10 crore)

• "Execution of Scour protection works at Br.No.195 in between Bargarh-Barpalli section for commissioning in connection with SBP-TIG doubling" (Rs 11.85 crore)

• "SBP yard Construction of new Platform-I, Civil Works like Cable duct, drain, Blanketing, Service Buildings dismantling, coach water pipeline works at SBP yard in connection with SBP-TIG doubling" (Rs 11.40 crore)

• "Permanent restoration & Ground improvement of Metro Embankment at Km (-)3/8 to (-) 3/10 at DN Track side in connection with newly commissioned Noapara- Baranagar- Dakshineswar Mero, Kolkata Metro Railway, India" (Rs 11.39 crore)

• "Railway Electrification of Rayagada (Excl.) - Jimidipeta (Excl.) section of package-5A in connection with 3rd line works between TIG- VZM in WAT division of East Coast Railway, India" (Rs 11.33 crore)

• "Design, Supply, Erection, Testing and commissioning of 25 kV AC, 50Hz Single Phase OHE AT NIDADAVOLU (NDD) YARD Phase-2 in Vijaywada Division of South Central Railway, Andhra Pradesh State, India - Reg." (Rs 10.81 crore)

• "Execution of connecting road from JT-47 to JT-48 with roof shelter and other balance civil works in between Deobahal - Bargarh section for Commissioning in connection with SBP-TIG Doubling"(Rs 10.67 crore)

• "Execution of Earthwork, blanketing and extension of Bridges including miscellaneous works for Duburi Yard Modification in connection with the rail connectivity between Duburu and TATA Steel Plant for the TATA Siding line under Khurda Road division of East Coast Railway in Odisha State" (Rs 10.46 crore)

• "Construction of PF Shelters, Platform flooring and other miscellaneous platform works at SBP Station in connection with remodelling of Sambalpur yard in connection with Sambalpur- Titlagarh doubling project" (Rs 10.35 crore)

• "Construction of 1x30.5m Steel Through girder Major Bridge No.67 at SBP yard in connection with SBP TIG Doubling (complete bridge including construction of foundation, substructure and superstructure" (Rs 10.12 crore)

Besides these Works Contract, FLS, DD&PMC and PMC contracts of Rs 270.11 crore have also been awarded during 2022-23.

4. Project Planning & Development

4.1 PUBLIC PRIVATE PARTNERSHIP (PPP) in Indian Railway Connectivity Projects Detailed Status of SPVs

As a part of the mandate of Rail Vikas Nigam Limited (RVNL) to undertake project development, mobilization of financial resources and to implement projects pertaining to strengthening of Golden Quadrilateral and better connectivity to various ports, 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 9119.95 crore out of which Rs 3129.18 crore is equity and Rs 5990.77 crore is debt. RVNL itself has invested a total of Rs 1143.70 crore as equity in these 6 SPVs, which is approximately 12.54% of their Gross total investment (refer to table below).

An SPV formed as Dighi Roha Rail Ltd. (DRRL) for execution of New Rail connectivity between Roha to Dighi Port is under process for closure. Cancellation of sanction of the project had been issued vide Railway Board's Letter No. 2012/Infra/12/35 dated 13.01.2022.

Details of Equity & Debt of RVNL's SPVs (as on 31.03.2023)

Name of SPV	Length	Paid up Equity	RVNL's Equity		Partners' Equity		Initial Debt	Subsequent Debt	Total Debt	Total (Equity + Debt)
	In Kms	Crore (Rs)	Crore (Rs)	%age	Crore (Rs)	%age	Crore (Rs)	Crore (Rs)	Crore (Rs)	Crore (Rs)
Kutch Railway Company	301	250.00	125.00	50.00%	125.00	50.00%	300.00	999.41	1299.41	1549.41
Ltd*
Bharuch Dahej Railway	63	155.11	55.00	35.46%	100.11	64.54%	230.00	0.00	230.00	385.11
Company Ltd.
Krishnapatnam Railway	113	625.00	311.00	49.76%	314.00	50.24%	1074.97	0.00	1074.97	1699.97
Company Ltd.
HaridaspurParadip	82	1300.00	390.00	30.00%	910.00	70.00%	1451.61	0.00	1451.61	2751.61
Railway Company Ltd.
AngulSukinda Railway Ltd.	104	798.97	262.65	32.87%	536.32	67.13%	1600.00	334.78	1934.78	2733.75
DighiRoha Rail Ltd.	34	0.10	0.05	50.00%	0.05	50.00%	0.00	0.00	0.00	0.10
Total	697	3129.18	1143.70	36.55%	1985.48	63.45%	4656.58	1334.19	5990.77	9119.95

*Note: Cost of GC was Rs. 550 cr. Subsequently Doubling and Electrification works were executed with a cost of Rs. 2867 cr. (Doubling) & Rs. 755 Cr. (RE).

a) Kutch Railway Company Limited (KRC)

Railway/Division/State	Western Railway/Ahmedabad/Gujarat
Project Type& Length	Gauge Conversion, 301 Km
Year of Sanction	1988-89
Date of Transfer to RVNL	14.05.2003
Date of MoU	03.01.2004
Date of EOI	NA
Date of Incorporation	22.01.2004
Shareholders Agreement signed on	22.04.2004
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	08.11.2005
Construction Agreement signed on	GC - 06.10.2005, DL-13.08.2018, RE - 09.02.2021
O&M Agreement signed on	21.08.2005
Original cost (Rs. Crore)	344.63
Project cost (Rs. Crore)	550.00*
Equity Participants	Rail Vikas Nigam Limited	125.00	50.00%
(Equity in Rs. Crore &%)	Deendayal Port Trust	65.00	26.00%
	Adani Ports & SEZ Limited	50.00	20.00%
	Govt. of Gujarat	10.00	4.00%
	Total (Rs. Crore)	250.00	100.00%
	Bonus shares were issued in Nov-2011 amounting to Rs. 50 Crore in the ratio of 1:4.
Commercial Operations Date (COD)	01.07.2006
Current Status	* Completed the work of doubling of Samakhiali -Palanpur section section (248 km) at a cost of Rs. 2867 Crore and 755 Crore for RE. Project fully commissioned on 24.02.2023.
	Note: Rs.1000.00 Cr. sanctioned on 16.02.2021 for Palanpur - Samakhiyali doubling & RE project with 2-year Moratorium period.
	A debt of Rs.999.41 Crore taken by KRC.

b) Bharuch Dahej Railway Company Limited (BDRCL)

Railway/Division/State	Western Railway/Va dodara/Gujarat
Project Type& Length	Gauge Conversion, 63 Km
Year of Sanction	2005-06
Date of Transfer to RVNL	22.03.2006
Date of MoU	13.01.2005
Date of EOI	27.02.2006
Date of Incorporation	15.11.2006
Shareholders Agreement	12.01.2007
signed on
Traffic Guarantee	Not signed
Agreement signed on
Concession Agreement	25.06.2008
signed on
Construction Agreement	01.07.2009
signed on
O&M Agreement signed on	Not signed
Original cost (Rs. Crore)	262.00
Project cost (Rs. Crore)	395.00
Equity Participants	Rail Vikas Nigam Limited	55.00	35.46%
(Equity in Rs. Crore &%)	Gujarat Maritime Board	17.86	11.51%
	Gujarat Industrial Development Corporation	17.86	11.51%
	Adani Petronet (Dahej) Port Private Limited	17.33	11.17%
	Gujarat Narmada Valley Fertilizer Company	13.53	8.72%
	Hindalco Industries Limited	13.53	8.72%
	Dahej SEZ Limited	10.00	6.45%
	Jindal Rail Infrastructure Limited	10.00	6.45%
	Total (Rs. Crore)	155.11	100.00%
Commercial Operations Date (COD)	08.03.2012

c) Krishnapatnam Railway Company Limited (KRCL)

Railway/Division/State	South Central/Vijayawada/Andhra Pradesh
Project Type& Length	New Line, 113.12 Km
Year of Sanction	2006-07
Date of Transfer to RVNL	14.05.2003
Date of MoU	22.11.2005
Date of EOI	27.02.2006
Date of Incorporation	11.10.2006
Shareholders Agreement signed on	13.10.2006, Participation Agreement- I on 23.02.2008, Participation Agreement -II on 12.10.2020.
Traffic Guarantee Agreement signed on	Not signed
Concession Agreement signed on	23.11.2007
Construction Agreement signed on	29.09.2011
O&M Agreement signed on	06.01.2012 - Old 08.11.2021 - New
Original cost (Rs. Crore)	732.81
Project cost (Rs. Crore)	2412.34
Equity Participants	Rail Vikas Nigam Limited	311.00	49.76%
(Equity in Rs. Crore &%)	Sagarmala Development Co. Ltd	125.00	20.00%
	Adani Krishnapatnam Port Co Ltd	81.00	12.96%
	National Mineral Development Corporation Ltd	40.00	6.40%
	Govt. of Andhra Pradesh	35.00	5.60%
	Bramhani Industries Ltd	33.00	5.28%
	Total (Rs. Crore)	625.00	100.00%
Commercial Operations Date (COD)	a. Venkatachalem - Nidiguntapalem - 01.10.2008
	b. Nidiguntapalem - Krishnapatnam - 28.02.2009
	c. Doubling of 21 km line from VKT to KAPT - 02.03.2014
	d. The complete connectivity was commissioned in June 2019

d) HaridaspurParadip Railway Company Limited (HPRCL)

Railway/Division/State	East Coast Railway/Khurda Road/Odisha
Project Type & Length	New Line, 82 Km
Year of Sanction	1996-97
Date of Transfer to RVNL	14.05.2003
Date of MoU	24.02.2005
Date of EOI	21.01.2006
Date of Incorporation	25.09.2006
Shareholders Agreement	11.10.2006
signed on
Traffic Guarantee	04.04.2008
Agreement signed on
Concession Agreement signed on	20.12.2007
Construction Agreement signed on	11.08.2009
O&M Agreement signed on	24.10.2021
Original cost (Rs. Crore)	301.64
Project cost (Rs. Crore)	2397.00
Equity Participants	Rail Vikas Nigam Limited	390.00	30.00%
(Equity in Rs. Crore &%)	Sagarmala Development Company Ltd.	336.79	25.91%
	Govt. of Odisha	237.79	18.29%
	Paradip Port Trust	138.52	10.66%
	Orissa Mining Corporation	110.00	8.46%
	Essel Mining & Industries Ltd	30.00	2.31%
	Rungta Mines Ltd	30.00	2.31%
	MSPL Ltd	15.00	1.15%
	Jindal Steel Power Limited	5.00	0.38%
	Steel Authority of India Ltd.	5.00	0.38%
	Odisha Industrial Infrastructure Development Corporation (IDCO)	1.90	0.15%
	Total (Rs. Crore)	1300.00	100.00%
Commercial Operations Date (COD)	30.07.2020

e) Angul Sukinda Railway Limited (ASRL)

Railway/Division/State	East Coast Railway/Khurda Road/Odisha
Project Type & Length	New Line, 104.242 Km with Y-connection
Year of Sanction	1997-98
Date of Transfer to RVNL	22.02.2006
Date of MoU	19.11.2008
Date of EOI	17.06.2008
Date of Incorporation	20.02.2009
Shareholders Agreement	27.05.2009
signed on
Traffic Guarantee	Not signed
Agreement signed on
Concession Agreement	14.05.2010
signed on
Construction Agreement	24.04.2015
signed on
O&M Agreement signed on	Not signed
Original cost (Rs. Crore)	391.00
Project cost (Rs. Crore)	2440.53
Equity Participants	Rail Vikas Nigam Limited	262.65	32.87%
(Equity in Rs. Crore &%)	Govt. of Odisha	177.60	22.23%
	CONCOR	208.00	26..03%
	Odisha Mining Corporation	86.52	10.83%
	Jindal Steel Power Limited	60.00	7.51%
	Odisha Industrial Infrastructure Development Corporation (IDCO)	4.20	0.53%
	Total (Rs. Crore)	798.97	100.00%
Commercial Operations Date (COD)	01.03.2023

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

The details of new JVs/SPVs incorporated during the year

Details of Equity of RVNL's new SPVs (as on 31.03.2023)

S. k. Date of Name of SPV No. Incorporation	Paid up Equity	RVNL's Equity		Partners' Equity
	Crore (?)	Crore (?)	%age	Crore (?)	%age
1. Shimla Bypass Kaithlighat Shakral Pvt. Ltd. 05.08.2022	25.10	12.55	50%	12.55	50%
2. Chennai MMLP Pvt. Ltd. 06.10.2022	0.05	0.01	26%	0.04	74%
3. Bengaluru MMLP Pvt. Ltd. 10.01.2023	0.05	0.01	16%	0.04	84%
4. Kyrgyzindustry-RVNL CJSC 07.12.2022	84,00,000	42,00,000	50%	42,00,000	50%
	soms	soms		soms

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

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

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

Brief of the Project:

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

b) Bengaluru MMLP Pvt. Ltd.

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

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

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

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

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

Location and State	Bengaluru Karnataka
Project Type & Length	Development of Multi Modal Logistics Park Bengaluru in Karnataka along with external Road, Rail and other connectivity
Date of MoU	01.09.2022
Date of Incorporation	10.01.2023
Project cost (Rs. Crore)	Concessionaire - 935.90 Bengaluru MMLP - 833.80
Equity Participants and	NHLML-51.29%
their % share	KIADB - 32.38%
	RVNL- 16.33%
Anticipated Commercial Operations Date (COD)	December 2025

C) Chennai MMLP Pvt. Ltd.

MMLP Chennai

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

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

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

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

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

Location and State	Chennai division, Tamil Nadu
Project Type & Length	Development of Multi Modal Logistics Park Mappedu Chennai in Tamil Nadu along with external Road, Rail and other connectivity
Date of MoU	12/10/2021, 24/05/2022
Date of Incorporation	06/10/2022
Project cost (Rs. Crore)	Concessionaire - 782.58 Chennai MMLP - 640.92
Equity Participants and	NHLML-40.18%
their % share	ChPA- 26.02%
	RVNL- 26.00%
	TIDCO- 07.80%
Anticipated Commercial Operations Date (COD)	June 2025

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

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

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

4.3 After the close of the year, Rail Vikas Nigam limited (RVNL) has incorporated following three (03) New JVs/ SPVs

The details of new JVs/SPVs incorporated after close of the year Details of Equity of RVNL's new SPVs (till the date of report)

S' Name of SPV No.	Date of Incorporation	Paid up Equity	RVNL's Equity		Partners' Equity
		Crore (?)	Crore (?)	%age	Crore (?)	%age
1. Kinet Railway Solutions Ltd.	19.04.2023	0.01	0.0025	25%	0.0075	75%
2. Chatra Expressways Pvt. Ltd.	24.04.2023	0.01	0.0049	49%	0.0051	51%
3. Indore MMLP Pvt. Ltd.	17.05.2023	0.05	0.01	22.01%	0.04	77.99%

a) Kinet Railway Solutions Ltd. has been incorporated for "Manufacturing cum Maintenance of Vande Bharat Trainsets including upgradation of the Government Manufacturing Units & Trainset Depots."

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

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

5. Personnel Development

Hiring of talented and experienced manpower, developing, motivating and retaining them havebeen the principal areas of HR for achieving the corporate objectives. The primary focus of theorganisation has been to have not only a lean and thin cadre of highly motivated, skilled and experienced manpower but also to retain these scarcely available resources by creating a conducive work environment.

HR policies are meticulously framed taking into account the short-term and long-term manpower requirements of the organisation. As RVNL is mandated to execute Railway projects for and on behalf of Ministry of Railways, persons with requisite technical expertise and domain knowledge of Railway Systems and Railway construction are required for smooth and timely completion of rail projects assigned to RVNL. The manpower is largely met by sourcing employees from Railways and other Government Departments on deputation basis. RVNL has also a regular cadre of its own created by absorbing willing employees from Railways, other Govt. Departments and PSUs. As on31.03.2023, the on-roll strength of the company stood at 185 regular employees and 240 deputationists.

RVNL has attractive and employee- friendly policies to boost the morale and motivate the employees to perform to the best of their abilities. The perks and perquisites being paid to the employees are reviewed periodically to enhance the efficiency.

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

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

Welfare Programmes:

In line with the guidelines of the Government against the Covid pandemic, RVNL conducted many welfare programmes, such as, Covid Testing camps, Covid Vaccination Camps, Emergency Controlroom, First-aid facility equipped with medical beds, oxygen concentrators, Covid medicines, facemasks, medical camps empanelment of hospitals for cashless and hassle-free admission and provision of Bed facility in case of hospitalisation, etc. at Corporate Office and PIUs for the welfare ofemployees. As a welfare measure, the Company provides free consultation services of Doctors in Allopathy and Homeopathy systems of treatment in the Corporate Office premises to cater to themedical needs of the employees and their families.

5.1 Industrial Relations

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

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

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

i) No. of complaints received: Nil

ii) No. of complaints disposed of: Nil

5.3 Right to Information Act

The provisions of the Right to Information Act are followed diligently in letter and spirit and timely responses are given to all queries. The Company has nominated Appellate Authority, Chief Public Information Officer and Asstt. Public Information Officer at the Corporate Office and Asstt. Public Information Officer for each PIU. During the year 2022-23, 182 Applications were received and disposed off on 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 part-time Mukhya Rajbhasha Adhikari and DGM(Rajbhasha) cum Up-Mukhya Rajbhasha Adhikari. All the computers in the Corporate Office have been provided with Unicode compliant software and fonts to facilitate access to common templates in Devnagari. To encourage use of Rajbhasha, total 14 officials who use Rajbhasha in Hindi drafting notes and letters were identified from each department and given Late Shankar Dayal Singh Smriti Puraskar amounting to Rs. 3000/- each. A competition on Hindi essay writing, Hindi noting and drafting, Hindi Shabd Gyan and Quiz was organised on the occasion of Hindi Pakhwara in the month of September, 2022. Cash awards of Rs. 69,700 were distributed to 37 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 202223, 4 meetings of the Rajabhasha Implementation Committee of RVNL were held and promotion of Rajbhasha was discussed and reviewed.During Financial Year 2022-23, Parliamentary Committee (On Official Language) carried out inspections of Chandigarh, Ahmedabad, Bhopal, Raipur and Kota PIUs and Committee has expressed satisfaction. Hindi Nibandh Lekhan Pratiyogita was organized on 29.12.2022 on the directives of Delhi Nagar Rajbhasha Karyanvayan Samiti, Delhi Upkram-2, in which total 21 Officials participated from 21 PSUs, Out of which, 5 best paticipants were awarded with Cash award amounting to Rs.7800.RVNL's 4 officials also participated in 2nd Akhil Bhartiya Rajbhasha Sammelan held on 14/15.09.2022 at Surat.

5.5 Presidential Directives:

During the year 2022-2023, one presidential directive was issued regarding "Policy for grant of permission to Railway CPSEs for export of Railway Products" on 16.09.2022.

6. Vigilance

Vigilance Department is headed by Chief Vigilance Officer (CVO). RVNL Vigilance functions with a dominant focus on preventive approach towards strengthening transparency in the systems, work procedures and accountability. Besides examining the allegations in the complaints received from various forum, it also carries out preventive checks and inspections. The findings of these investigations/ inspections are communicated to the Management for suitable action including system improvements, wherever required. The compliance of corrective actions suggested against deficiencies/lapses noticed during the inspections/preventive checks are also ensured.

During the FY 2022-23, focus was made to finalize/ conclude the pending observations by vigorously pursuing the concerned authorities/RVNL field units for their comments/action taken. Moreover, observations made during earlier CTE/CTE Type inspections were followed up and replies on paras pertaining to various CTE inspections were sent to CTE/CVC.

In spite of shortage of officers in the Vigilance wing for more than half of the year 2022, three (03) CTE type checks were registered and three (03) CTE examinations by the Central Vigilance Commission were undertaken. Besides, comments against pending paras of CTE checks conducted in earlier years were also sent to the commission and many paras also got closed from CVC.

System Improvements:

Based on the observations during various inspections/checks, RVNL Vigilance makes certain recommendations for system improvements. During the FY2022-23, following system improvements were suggested by RVNL Vigilance to the Management for implementation: -

1. System Improvement suggested: - RVNL corporate office has issued a policy letter dated 23.07.2019 with regard to borrowing of materials from the PIUs/Railways. The letter, however, contains detailed provision with respect to taking of material on loan from other PIUs and doesn't give any details/procedure to be followed for taking material on loan from the Railways. The policy regarding disposal of surplus material dated 20.07.2016 (procedure order for management of projects material including disposal of surplus material), however, gives procedure for transfer of excess material to railways in details.Detailed provisions including the procedure to be followed by the PlUs should be made with respect to taking of material on loan from the Railways in case of exigency. Reconciliation of all such material may be done periodically (time period to be satisfied) within in the PIU and also with the concerned Zonal Railway.

Status regarding implementation of system improvement suggested: - System improvement issued by ED/Planning through letter No. ED/Genl/117 dated 24.03.2023

2. System Improvement suggested:- Attention is drawn to CVC's OM dated 25.11.2021, where in "RVNL is advised to explore the possibility of implementing/extending the policy of rotation of officials in the headquarters as well in the filed units in a transparent manner".ln above regard, HR is requested to kindly take necessary action and provide action taken report to this department at the earliest, for further transmission to Central Vigilance Commission.

Status regarding implementation of system improvement suggested: - Matter under consideration by HR/CO/RVNL.

3. System Improvement suggested:- During investigation of a Complaint related to alleged irregularities in "RE Works between Rani to Palanpur", Ahmedabad PIU of RVNL has furnished that imposition of penalty of Rs. 1.61 Cr. approx. on M/s NMTPL for non-deployment of key personnel's as per contract as proposed by PMC is yet to be recovered due to final decision pending at RVNL HQ.Further, from the reply of PIU, it has emerged that due to communication gap between PMC and M/s KEC relating to MRC of incoming material and pressure of commissioning, erection of steel was done prior to issue of MRC and there is no penal clause envisaged in the contract for this lapse since the steel used for erection was RITES inspected and only left out for MRC.

To avoid recurrence of such lapses in other cases in future, following system improvement is recommended for implementation:

(i) Decision on penalty from contractor's bill as proposed by PMC should be given in a time-bound manner without keeping the issue in limbo for an indefinite period (at Corporate Office as well as at PIU) to avoid manipulation at later stage.

(ii) Proper procedure order to be issued regarding "Inspection, MRC and Erection of steel/other materials" to avoid erection of material without inspection/MRC. Moreover, appropriate penal clause must be incorporated in the tender for fixing accountability on both executing agency as well as on PMC for lapses such as erection of steel without MRC.

Necessary guidelines in this regard may kindly be issued under intimation to this office.

Status regarding implementation of system improvement suggested: - System improvement issued by PED/Elect/RVNL through letter No. 2005/Elect/Vigilance/40 dated 29.03.2023.

4. System Improvement suggested:- During investigation of a complaint related to alleged irregularities in awarding of a contract through SLT to a firm vide LOA no. 2019/RVNL/RE/MAA-

ABR/SLT Dated 09.10.2019 under "RE Works between Rani to Palanpur" by Ahmedabad PIU of RVNL, following points have been observed:

(i) It has emerged that too much time has been taken for initiation and finalization of SLT Tender, which defeats the very purpose of inviting SLT instead Open Tender.

(ii) There was an issue of recovery of penalty from firm for which decision was pending at Corporate Office for significant time.

(iii) The firm which was awarded work through SLT on the basis of shortlisting, could not complete the entire work in prescribed time period and time extension with penalty had to be given for completing the work

In view of above, following system improvement is recommended for implementation:

(i) If a firm awarded contract through SLT doses not complete the entire work in the prescribed time period and time extension is granted with and/or firm defaults on deployment of key-personnel as per contract condition, then such instances must be reflected in the performance certificate of the firm and this must be given due Weightage while short listing same firm for another work in future.

(ii) SLT tenders should not be called as a routine rather decision should be taken to invite the SLT tender with due diligence taking all factor in consideration.

(iii) Decision regarding recovery of penalty should be done with utmost priority following due procedures to avoid any dispute on later date.

Necessary guidelines in this regard may kindly be issued under intimation to this office.

Status regarding implementation of system improvement suggested: - System improvement issued by ED/Planning through letter No. ED/Genl/7 dated 22.12.2022.

5. System Improvement suggested:- In a matter under investigation in RVNL Vigilance Department, it is revealed that the details of test check done by the PMC/RVNL Official(s)/officer(s) are not properly recorded. It is necessary that all the test check records needs to be carefully recorded with date/ time with all requisite details for future reference. Therefore, it is advised that necessary instructions in this regard be issued to all concerned accordingly.

Apart from above, it is also suggested that Chief Project Managers of all Project Implementation Units (PIUs) should also create a regular systematic procedure to capture and retain soft copy of photographs with date of all the progressive work executed at site as a record for future reference.

Status regarding implementation of system improvement suggested: - System improvement issued by ED/Planning through letter No. C/RVNL/065/2019 (loose) dated 22.11.2022

6. System Improvement suggested:- In a matter under investigation in RVNL Vigilance Department, it is revealed that "Procedure Order for Measurements and Payments" issued by RVNL Corporate Office is not appropriately adhered in Project Implementation Unit(s).In the Procedure Order, level of officers/officials of PMC and RVNL specifically mentioned for Recording of measurement, Test Check of measurement and Spot Test Check by RVNL employees. However, it is observed that the officers/officials below the specified rank are performing recording, Test Check and Spot Check, which is in contradiction to "Procedure Order for Measurements and Payments"issued by RVNL Corporate Office. Therefore, all Project Implementation Units may be directed to strictly follow "Procedure Order for Measurements and Payments" and related instructions issued by Corporate Office time to time, without fail.

Status regarding implementation of system improvement suggested: - System improvement issued by ED/Planning through letter No. ED/Genl/109 dated 29.11.2022.

7. System Improvement suggested:- During investigation of a Complaint, the issue of discharge of Obligation as Principal Employer towards Royalty in Construction Contracts of RVNL was surfaced and discussed in detail. Careful observation of the policy guidelines issued by office of ED/Planning/RVNL vide letter no. ED-Genl/20 dated 30.05.2021 and letter no. ED-Genl/22 dated 16.06.2021 reveals that at present there is no means to safeguard the interest of RVNL as Principal Employer in case a demand for payment of royalty charges from Revenue Department is received after the release of performance security to the contractor.In view of this, as a measure of system improvement, it was suggested that following may also be incorporated in the instructions issued vide letter no. ED-Gen/20 dated 30.05.2021 & ED-Genl/22 dated 16.06.2021: "Before releasing of performance security, concerned Revenue Authority should be approached by the PIU to give ‘NOC' towards royalty charges for the said work within given time limit (say one month). Performance security may be released after either getting ‘NOC' from Revenue Department or deduction/deposition of royalty charges intimated by Revenue Department or lapse of time limit as the case may be."

Status regarding implementation of system improvement suggested: - Matter under consideration by ED/Planning/CO/RVNL.

8. System Improvement suggested:- During investigation of a Complaint by vigilance, Daily Progress Report (DPR) of a project being executed by one of the PIU of RVNL was gone through and same was not found in order.In view of this, as a measure of system improvement, it was suggested that appropriate procedure order for maintaining Daily Progress Report (DPR) on work site by Contractor, PMC/PIU (RVNL) be issued by Corporate Office.

Status regarding implementation of system improvement suggested: - Matter under consideration by ED/Planning/CO/RVNL

9. System Improvement suggested:- During an investigation related to joint surprise check by CBI & Vigilance on one of the projects, it was observed that one of the RVNL's contractor borrowed material from Railway without bringing it to the knowledge of PIU and claimed payment for supply of such borrowed material. In this regard, system improvement was suggested for implementation as mentioned below:

• RVNL corporate office has issued a policy letter dictate 23.07.2019 with regard to borrowing of materials from the PI Us/ Railways. The letter, however, contains detailed provision with respect to taking of material on loan from other PIUs and doesn't give any details/procedure to be followed for taking material on loan from the Railways. The policy regarding disposal of surplus material dated 20.07.2016 (Procedure order for Management of Projects Materials including Disposal of Surplus Materials), however, gives procedure for transfer of excess materials to railways in details. Detailed provisions including the procedure to be followed by the PIUs should be made with respect to taking of material on loan from the Railways in case of exigency. ^•

• Reconciliation of all such material may be done periodically (time period to be specified) within the PIU and also with the concerned Zonal Railway.

Status regarding implementation of system improvement suggested: - System improvement issued by ED/Planning through letter No. ED/Genl/117 dated 24.03.2023.

Disposal of complaints/investigations:

During the FY 2022-23, out of seventy-three (73) complaints (other than PIDPI), total sixty-one (61) complaints were promptly disposed, while twelve (12) complaints were pending for miscellaneous reason i.e. genuineness verification, forwarding to other organizations etc.

Further, five (05) PIDPI complaints (I&R) were pending from previous period and additionally one (01) PIDPI complaint was received during the FY 2022-23. Out of six (06) PIDPI complaints (I&R), detailed investigation report was submitted to the Commission in five (05) cases while in one (01) case, investigation was underway till 31.03.2023.

Further, two (02) PIDPI complaints (for Necessary Action) were pending from previous period and NIL received during the FY 2022-23. Out of two (02) PIDPI complaints (NA), detailed investigation report in one case was submitted to the Railway Board in November 2022, but advice from Commission was awaited, while investigation in second case is still underway.

Complaints, Audit Reports, Inspection reports of Works / procurement etc. taken up for investigation:

Twenty (20) complaint cases under investigation were pending from previous period and additionally four (04) cases were taken for detailed investigation in the FY 2022-23. Out of twenty-four (24) cases, investigation was completed in ten (10) cases while in fourteen (14) cases, investigation was still underway till 31.03.2023.

Periodic Reports to CVC/Railway Board:

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

Preventive Checks/Surprise Inspections/ CTE Type Inspections:

Due to situation arising out of COVID-19 in preceding years and due to acute shortage of Vigilance officials for more than half of the year 2022, the initial emphasis was on clearing the pendency of complaints arising out of CVC/RB reference, PIDPI complaints, CA-III complaints etc. Besides above, Vigilance paras arising out of the inspections/checks done earlier were also followed up rigorously for taking the cases to logical conclusion. Despite of shortage of Vigilance officials, three (03) CTE type checks were also conducted during the FY 2022-23.

S. No. Name of Work

1 Executing Enabling works towards construction ofnew coach periodic overhauling and rehabilitation workshop at Jhansi in North Central Railway in Uttar Pradesh.

2 Construction of Balance Bridges in Malasa- Bhimsen Section in connection with doubling of Jhansi-Bhimsen section.

3 Construction of new control building and office building of Jhansi division.

CTE Inspection:

RVNL Vigilance facilitates intensive examination by the Chief Technical Examiner Organization of Central Vigilance Commission (CVC). In reference to the previous observations of CTE/CVC, the replies on all old pending paras for CTE inspections prior to 2021 were furnished by RVNL Vigilance to the Commission and now, no old CTE/CVC paras are pending for reply/closure by CTE/CVC, except offew CTE paras related with Jarola- Jakhapura Doubling Project (Package-1, Jaroli-Basantpur, CTE inspection-2020) and Raebareli- AmethiSection Doubling Work (CTE inspection-2021). During the period, replies of CTEs paras of Raebareli- Amethi Section Doubling Works were furnished by RVNL Vigilance and thereafter seven (07)paras got closed by CTE/CVC.

In the FY 2022-23, CTE/CVC took three (03) contracts of Rajpura- Bhatinda Doubling Project (PKG-01, PKG- 02 & PKG-03) for Intensive Examination which was facilitated by RVNL Vigilance.

Recovery in the financial year on advice of RVNL Vigilance:

During the FY 2022-23, based on observations/advice of CTE/CVC/RVNL Vigilance, Rs. 7.63 Crores were recovered from the firms engaged in execution of RVNL Projects.

Disciplinary Action:

1. During the period, in relation to a DAR case arising out of vigilance investigation, as per advice of CVC/RB, major penalty was imposed on one regular employee.

2. Further, in relation to an investigation case by Zonal Railway Vigilance (CORE Vigilance), Major Penalty Disciplinary Proceedings against one officer were initiated by Zonal Railway Vigilance.

Vigilance Awareness Week:

Under the advice and guidance of Central Vigilance Commission, this year Vigilance Awareness Week was observed from 31st October to 6th November 2022 with the following theme:

"Corruption free India for a developed nation"

RVNL Vigilance conducted various activities like taking Integrity Pledge, Workshop on "Importance of Preventive Vigilance", Slogan Competition on Corruption free India for a Developed Nation", Quiz for generation awareness in its employees, NukkadNatak etc. on the occasion of Vigilance Awareness Week-2022. There was vide participation through on-line and offline mode.

• The officials and staff of RVNL in Corporate Office as well as in all its project implementation units (PIUs) were administered Integrity Pledge on 31.10.2022. The employees were also informed about the E-pledge available on the CVC website. A hyperlink for the E-pledge was provided on RVNL website also.

• A NukkadNatak by Railway officials of Delhi Division was organized in the premises of August Kranti Bhawan.

• Workshop/seminar on the topic "Importance of Preventive Vigilance" was organized in the conference hall of Corporate Office and officials of all PIUs also participated through video link. Shri. Ramesh Chandra, Ex-CTE/CVC was the main speaker during the workshop/seminar.

• An online/offline Quiz was organized for generating awareness of vigilance matters among the employees.

• Slogan competition was also organized on the occasion of Vigilance Awareness Week-2022.

• As mandated by CVC, RVNL Vigilance also organized 3-month long campaign (16th August, 2022 to 15th November, 2022) of Preventive Vigilance measures cum housekeeping activities - as a precursor to Vigilance Awareness Week-2022. Various activities covered under the campaign were:

a. PropertyManagement;

b. Management ofAssets:

c. Record Management;

d. Technological Initiatives comprising toparameters;

i. Website Maintenance & Updation;

ii. Identification of new areas for service delivery or customers/staff to be brought on online portal and initiation of steps for creating online platform;

e. Updation of guidelines/ circulars/ manuals wherever found necessary, and

f. Disposal of complaints outstanding as 15/08/2022.

• Active participation of all concerned departments

of RVNL was also ensured.

Vigilance Status/Profile:

During the FY 2022-23, approx. 487 cases of vigilance status of officers/employees were processed by RVNL Vigilance as required by HR/RVNL, Railway Board Vigilance, Zonal railways Vigilance etc. All Vigilance status/clearance cases were processed invariably through e-office for prompt disposal.

7. Memorandum of Understanding

The Company secured a rating of "Excellent" by Department of Public Enterprises for the year 202122 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 twelfth consecutive year for which the Company has been rated as"Excellent".

In 2022-23, the Company was also able to meet the targets for all financial, enterprise specific and other parameters set in the MoU for 2022-23. Company has achieved 119 km of New Line against the target of 109 km & 925 km was achieved against target of 891 km of Doubling set in MoU 2022-23. Accordingly, the Company is expecting to achieve an "Excellent" rating for 2022-23 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. The Company has been consistently laying emphasis on utilizing energy efficient equipment in its office premises and in various projects so as to minimally affect on the ecology and environment. Initiatives taken to create awareness about conservation of energy among employees have resulted in a steady reduction in energy consumption at Corporate Office. Various environment friendly technologies have been adopted in the Corporate Office building. Solar panels are installed at all Railway Stations and level crossings. LED lighting system also installed and wherever feasible, automatic censor based lightings are installed.

8.2 Foreign Exchange Earnings and Outgo

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

J in crore)

Particulars	2022-23	2021-22
Import of Material	-	31.25
Foreign Exchange on foreign travel of Company's officials	1.09	0.25
Business Promotion	1.02	-
Purchase of tender	0.12	-
Bank Charges	0.09	-
Total	2.32	31.50

9. Risk Management

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

The Company has a Risk Management Committee under the Chairmanship of Director (Projects) with all functional Directors as members, one Independent Director and Executive Directors as special invitees.

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

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

b) Improving website of RVNL for dissemination of information.

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

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

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

a) The matter is being continuously pursued with senior officials of respective State Governments. During the FY, release of Rs 1104.59 Cr. could be achieved.

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

c) Cyber Crisis Management Plan ( CCMP) entails:

• The Framework document for dealing with cyber-related incidents.

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

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

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

d) The pay packages of contract employees has been improved to make it more attractive to aspirants and to retain talented and experienced staff.

10. Corporate Social Responsibility (CSR)

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

a) Implementation in project/programme mode

b) Focus on periphery of project areas of RVNL

c) Thrust areas of education and healthcare

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

The Company has constituted Corporate Social Responsibility Committee (CSR) in line with the requirements of the Companies Act, 2013 and DPE Guidelines. The details with respects to composition, CSR Policy and CSR activities undertaken by the Company during F. Y. 2022-23 are placed as Annexure C to this report.

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

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

12. Compliance of DPE Guidelines and Policies

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

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

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

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

Mrs. Anupam Ban, Director (Personnel) is working as Nodal Officer and Shri Vivek Kumar, General Manager/P&CC/CO has been nominated as the Grievance Officer for seamless implementation of the MSE policy in RVNL. Contact details of these officers are uploaded on RVNL website.

Annual Procurement Plan for purchases from MSEs during the year 2022-23 was made available on RVNL website for information of MSEs and to help them participate in procurement of goods and services.

In the year 2022-23, RVNL procured goods and services amounting to a total of Rs. 43.36 crores. Out of this, the total value of goods and services purchased from MSEs (including MSEs owned by SC/ST and Women entrepreneurs) was to the tune of Rs. 18.12 crores i.e 41.78% of the total procurement. Thus, RVNL has fully complied with the Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012.

As desired, the expenditure incurred by RVNL on under mentioned head of accounts for the period from 01.04.2022 to 31.03.2023 is given below:

S. Particulars No.	GL Code	Total Expenditure	MSME Expenditure	% of MSE
1. Vehicle Hiring	5206050004	1.78	1.40	78.53%
2. Printing & Stationery	5206110003	2.33	0.46	19.71%
3. Expenditure on Outsourcing Agency	5206120003 5206100005	13.37	3.21	23.98%
4. Furniture and Fixtures	1101020001	0.41	0.06	13.48%
5. EDP Assets (Computer, Printer, Scanner, etc.)	1101030001	0.83	0.55	65.83%
6. Office Equipments	1101010001	8.22	0.04	0.47%
7. House Keeping/Security Services	5206170003 5206170004	9.37	9.22	98.42%
8. House Keeping (SC/ST)	5206170003	-	-	-
9. House Keeping (Woman)	5206170003	-	-	-

14. Research and Development

Implementation of an Integrated IT Solution for RVNL

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

RVNL has now tied up Make My Trip (MMT) for providing online travel bookings for RVNL employees. It provides employees a hassle free cashless booking facility at low and fixed rates, with priority check in, special rates for hotels etc.

RVNL Corporate Office and all Project Units have migrated to the e-Office developed by National Informatics Centre (NIC) under the National E-Governance Plan, furthering the paperless e-Office online file management for RVNL business and moving towards seamless coordination with Ministry in future. Alongside, an e-Notice Board has been provided to employees on the e-Office for publishing and discovery of Official Announcements, Office Notes, Procedure Orders, Office Orders and Circulars.

E-APAR/IPR portal has been launched for completing automating performance appraisal and IPR declaration of all categories of RVNL employees, doing away with the previously partially manual system.

Sampark RVNL service - an employee engagement platform with mobile-first approach, was launched for employee grievance resolution, with special focus on enabling field staff to conveniently log their issues over mobile devices. The pilot was welcome by employees and the system was further upgraded to allow internal workflows for resolution and user request status tracking.

The corporate website of RVNL has been completely revamped. Along with new branding experience, a host of user-friendly features has been made available to all stakeholders. The website is brand aligned, to help increase recall value of the company. Special focus has been given to Projects, ongoing as well as completed.

A new feature is also added to the website i.e., voice interactive Chat Box name "RaVi" who derive its name from Rail Vikas. it helps the website visitors to access the information in user-friendly way.

RVNL also in-house developed a digital toolset CDMMS (Construction Drawing Management and Monitoring system) for management of drawings and monitoring the status of work execution, by engineers and construction professionals. The system was successfully piloted for Noapara-Dakshineswar corridor of Kolkata Metro and presented to CCRS/ NR and further advancement in the system is being carried out.

As per Information Technology Act, 2000, Your Company has always been at the forefront in the adoption of new technology solutions for the continual improvement in its business processes. With a vision to be a digitally empowered organization for operational excellence and stakeholder value creation, it has adopted several path-breaking technologies in its technology stack.

15. Directors' Responsibility Statement

Pursuant to Section 134(5) of the Companies Act,

2013, the Directors confirm that -

a) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

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

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

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

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

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

16. Directors and Key Managerial Personnel

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

As on date of report, the present strength of the Board of the Company comprises of nine (9) Directors, out of which five (5) are whole-time Directors (including Chairman and Managing Director), two (2) Government Nominee Director from Administrative Ministry i.e., Ministry of Railways (MoR) as (Parttime) (official) Directors and two (2) Independent Director. Position of five (5) Independent Directors (including one-woman Independent Director) is vacant. However, the composition of the Board of Directors was not in conformity with the provisions of the Companies Act, 2013, SEBI LODR Regulations and DPE Guidelines on Corporate Governance, due to absence of requisite number of Independent Directors including Woman Independent Director on its Board.

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

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

S. Name & DIN of Directors No.	Designation	Date of Appointment
Whole Time Directors/Functional Directors
1. Mr. Pradeep Gaur (DIN:07243986)	Chairman and Managing Director	from 01.09.2018 onwards
2. Mr. Vinay Singh (DIN:03324677)	Director (Projects)	From 01.08.2019 onwards
3. Mr. Rajesh Prasad (DIN:08585975)	Director(Operations)	From 03.03.2020 onwards
4. Mr. Sanjeeb Kumar (DIN:03383641)	Director (Finance) & CFO	from 06.05.2020 onwards
5. Mrs. Anupam Ban (DIN: 07797026)	Director (Personnel)	From 09.02.2023 onwards
6. Mr. Ajay Kumar (DIN:08249293)	Director(Personnel)	From 24.10.2018 to 31.01.2023
Government Nominee Directors/Part time Official Directors
7. Mr. Dhananjaya Singh (DIN:08955500)	Govt. Nominee Director	From 11.11.2020 onwards
8. Mr. A.K. Khandelwal (DIN: 10085277)	Govt. Nominee Director	From 27.03.2023 onwards
9. Mr. Rajesh Argal (DIN: 09171980)	Govt. Nominee Director	From 13.12.2021 to 31.07.2022
10. Mr. Ram Prakash (DIN: 09746225)	Govt. Nominee Director	From 27.09.2022 to 31.01.2023
Independent Directors/ Part time non- Official Directors
11. Dr. M. V. Natesan (DIN: 09408491)	Independent Director	From 22.11.2021 onwards
12. Mr. Anupam Mallik (DIN: 09547797)	Independent Director	From 25.03.2022 onwards
13. Major General (Retd.) Cyrus A.Pithawalla (DIN: 06507764)	Independent Director	From 11.07.2019 to 10.07.2022
14. Mr. Sreenivasa Murthy Rangaiah (DIN: 09358798)	Independent Director	From 09.11.2021 to 03.08.2022

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

Woman Director & Independent Woman Director

In terms of the provisions of Section 149 of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014, a Company shall have at least one Woman Director on the Board of the Company. Further, as per SEBI (LODR) (Amendment) Regulations, 2018, a Company shall have at least one Independent Women Director. Your Company had no Independent Woman Director on the Board of the Company since 18.09.2020. The Company has requested Ministry of Railways for appointment of Women Independent Directors in order to comply with the requirements under Regulation 17 of SEBI (LODR) Regulations 2015 and Companies Act, 2013.

Appointment/Resignations of Key Managerial Personnel's

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

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

Name	Designation	Date of change	Reasons
Mr. Ajay Kumar	Director (Personnel)	31.01.2023	Superannuation
Mr. Rajesh Argal	Govt. Nominee Director	31.07.2022	Superannuation
Mr. Ram Prakash	Govt. Nominee Director	27.09.2022 31.01.2023	Appointment- Superannuation
Major General (Retd.) Cyrus A.Pithawalla	Independent Director	10.07.2022	Cessation
Mr. Sreenivasa Murthy Rangaiah	Independent Director	03.08.2022	Resignation
Mrs. Anupam Ban	Director (Personnel)	09.02.2023	Appointment
Mr. A.K. Khandelwal	Govt. Nominee Director	27.03.2023	Appointment

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)(e ) and Sec 134(3) (p) with respect to Annual evaluation by the Board of its own performance and that of its Committees and Individual Directors. Ministry of Corporate Affairs (MCA) vide General Circular dated 5th June, 2015 has exempted Government Companies from the provisions of Section 178 (2) which requires performance evaluation of every director by the Nomination & Remuneration Committee. In case of RVNL, the performance evaluation of Directors is done by the Ministry of Railways as per their laid down procedure. Further, DPE, through our Administrative Ministry (MOR) has started the exercise of performance evaluation/ assessment of non-official (Independent) Directors on the Board of the Company.

Retirement of Directors by Rotation

The Companies Act, 2013 provides that the provisions in respect of retirement of Directors by rotation will not be applicable to Independent Directors. In view of this, no Independent Director is considered to be retiring by rotation; however, all other directors are considered to be retiring by rotation. Accordingly, as per provisions of section 152 of Companies Act, 2013, one third among all other directors namely Shri Sanjeeb Kumar, (DIN: 03383641), Director (Finance) & CFO, being longest in office, are liable to retire by rotation and being eligible, offer himself for reappointment. The details of Director seeking reappointment at the ensuing AGM are contained in the Notice convening the ensuing AGM of the Company.

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

Pursuant to the Companies Act, 2013 and Rules framed there under, Nine (9) Board Meetings were held in the F.Y. 2022-23. The details of the Meetings are in the Corporate Governance Report forming part of this report. Your Company has Audit Committee, CSR Committee, and other Committees of the Board in place in compliance to Compliance Act, 2013 and SEBI (LODR) Regulations. The Composition and scope of the Committees are provided in the report of Corporate Governance, forming part of this report in Annexure-B. Further, there has been no instance where the Board of Directors have not accepted the recommendation of Audit Committee.

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

The Independent directors appointed on the Board of the Company are eminent personalities drawn from fields like Science, Finance, management, industry etc. having wide experience. Upon induction on the Board of the Company, the Independent directors are familiarized with profile of the Company, its business, industry scenario, operations, organizational structure, statutory & regulatory responsibilities through familiarization programme. During the Financial year 2022-23, the tenure of one Independent Director (Major General (Retd.) Cyrus A.Pithawalla) completed on 10.07.2022 and one Independent Director (Mr. Sreenivasa Murthy Rangaiah) has resigned on 03.08.2022 due to personal reason.However, the present two Independent Director has wide experience in his field and has contributed towards the growth of the Company. In the opinion of the Board, the Independent Director fulfils the conditions specified in the Listing Regulations and are independent of the management.

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

17. Auditors

Statutory Auditor

The Comptroller & Auditor General of India has appointed M/s V.K. Dhingra & Co., Chartered Accountants as Statutory Auditors of the Company for the year ended 31st March, 2023. The Board would like to thank them for their valuable support and guidance during the audit of accounts under review.

Secretarial Auditor

The Board of Directors has appointed M/s.Kumar Naresh Sinha & Associates, Practicing Company Secretary to conduct the Secretarial Audit for financial year 2022-23. The Secretarial Audit Report is annexed and forms part of this Annual Report in Annexure E.

18. Reporting of Frauds by Auditors

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

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

The Comptroller & Auditor General of India has undertaken supplementary audit on the accounts of the Company for the year ended 31st March, 2023 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, 2023 along with management reply also forms part of this report.

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

No Significant and Material Orders Passed by The Regulators or Courts or Tribunals impacting the Going Concern Status and Company's Operations in Future during the year under Review

21. Particulars of Employees and Related Disclosures

The provisions of Section 134(3) (e) of the Companies Act, 2013 are not applicable to a Government Company. Similarly, Section 197 of the Companies Act, 2013 shall not apply to a Government Company. Consequently, there is no requirement of disclosure of the ratio of the remuneration of each Director to the median employee's remuneration and other such details, including the statement showing the names and other particulars of every employee of the Company, who, if employed throughout/part of the financial year, was in receipt of remuneration in excess of the limits set out in the Rules.

22. Material Changes and Commitments affecting Financial Position between the end of the Financial year and date of Report

There are no material changes and commitments affecting financial position of the Company which occurred between 01.04.2022 to 31.03.2023 and date of signing of this Report.

23. Cost Records

The provisions of section 148 of the Companies Act, 2013 was not applicable during period under review.

24. Difference in amount of the Valuation

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

25. General

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

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

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

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

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

The Company has no information to disclose under above.

27. Failure to implement any Corporate Action

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

28. Acknowledgements

At the outset, the Company would also like to place on record and express their appreciation of the special contribution of Mr. Ajay Kumar, Director (Personnel) who demitted office on 31st January, 2023. During his tenure as a Director of your Company, he has made significant contribution in the growth & development of the company. Company has benefitted immensely from his vast experience and knowledge.

Your Directors also take this opportunity to gratefully acknowledge the co-operation, guidance, and support in effective management of company's affairs and resources provided by Government of India, in particular Ministry of Railways (MoR), Ministry of Finance, Department of Public Enterprises, various banks, Asian Development Bank, the Zonal Railways, IRFC and our equity partners in Joint Venture SPVs for their continued interest and support to the

Company. Your Directors would like to express their thanks for the devotion, commitment and dedication of each and every employee of the Company due to which your Company could face the new challenges and opportunities and create a niche for itself as a major provider of rail infrastructure in the country. Your Directors also acknowledge the support and guidance received from officials of Comptroller & Auditor General of India, Statutory Auditors, and Secretarial Auditors for their suggestions. Last but not the least, the Directors would like to express their deep appreciation and gratitude towards all their predecessors who have been associated with RVNL, for their valuable contribution to the growth and development of the Company in attainment of the Company's aim and goals in all the spheres.

For and on behalf of Board of Directors
	Sd/-
	(Pradeep Gaur)
Place: New Delhi	Chairman & Managing Director
Date: Aug 12, 2023	DIN: 07243986