Rail Vikas Nigam Limited, a Mini Ratna Central PSU under Ministry of Railways invites applications from retired Railway Employees of Civil, Electrical and Signal & Telecom Departments for post retirement engagement in RVNL for its various projects in India. Interested persons may apply in the prescribed proforma along with copy of PPO in the following address:-
The General Manager(HR)
Rail Vikas Nigam Limited,
1st Floor, August Kranti Bhawan,
Bhikaji Cama Place, New
Tel : 011 – 26738299
Notification For GOLDEN OPPORTUNITY FOR RETIRED RAILWAY EMPLOYEES
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About RVNL
Government of India has conceived a massive investment plan for rail sector to eliminate capacity bottlenecks on Golden Quadrilateral and Diagonals to provide strategic rail communication links to ports, construction of mega bridges for improving communication to the hinterland and development of multi-modal transport corridors.
How to Apply to GOLDEN OPPORTUNITY FOR RETIRED RAILWAY EMPLOYEES
Rail Vikas Nigam Limited (RVNL), is a Special Purpose Vehicle created to undertake project development, mobilization of financial resources and implement projects pertaining to strengthening of Golden Quadrilateral and Port Connectivity. It is the first major non-budgetary initiative for creating rail transport capacity ahead of demand and on a commercial format. RVNL has been registered as a company under Companies Act 1956 on 24.1.2003. It is a wholly owned Government company under the provisions of Section 617 of Companies Act. Certificate of Incorporation was obtained on 24.1.2003.
Indian Railway network particularly High Density Network, which connects the four Metro Cities of Delhi, Kolkata, Chennai & Mumbai including the diagonals is over saturated. Challenges of higher economic growth require leap forward capacity development strategy on Indian Railways. Paradigms of such a strategy required a shift from dependence on purely budgetary sources and internal surplus of Railways to mobilization of non-budgetary financial resources from private sector, banks, financial institutions, multilateral and bilateral agencies through a mix of equity and debt. The financial resources available from the traditional sources were found to be grossly inadequate to meet the requirement. The Ministry of Railways, therefore, had been considering various innovative methods of project distribution and creation of assets. Another paradigm shift required was to change from project mode of planning to programme mode to be implemented in a time bound manner. It was felt that the Railways instead of becoming the bottleneck in economic growth of the country should spur economic growth by development of capacity ahead of demand. It required fast track implementation of projects adopting established practice of financial closure and use of modern project management techniques. For this, adequate and uninterrupted flow of funds is a prime requirement. It also required mechanization of construction involving large number of construction machines and equipments of varied nature and skill sets of altogether different kind. Creation of Rail Vikas Nigam Limited is an outcome of the above thought process and policy initiative.
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