Rail Vikas Nigam Limited is a Category-I Mini-Ratna CPSE under the Ministry of Railways. It was incorporated in 2003 to meet the country's surging infrastructural requirements and to implement projects on a fast-track basis. RVNL works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. The organization undertakes project execution from concept to commissioning and creates project-specific SPVs. RVNL’s mandate includes the mobilization of extra-budgetary resources (EBRs) through a mix of equity and debts via these SPVs.
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