'Rail Vikas Nigam Limited' is a :

‘Rail Vikas Nigam Limited’ is a :

[amp_mcq option1=”Maharatna CPSE” option2=”Navaratna CPSE” option3=”Miniratna I CPSE” option4=”Miniratna II CPSE” correct=”option2″]

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UPSC CAPF – 2023

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‘Rail Vikas Nigam Limited’ (RVNL) is a Central Public Sector Enterprise (CPSE) under the Ministry of Railways. It was granted Navaratna status by the Government of India in April 2023.

– RVNL was incorporated in 2003 as a wholly owned PSU of the Ministry of Railways.
– Its primary objective is to undertake and execute railway infrastructure projects.
– The grant of Navaratna status provides RVNL with enhanced autonomy in decision-making, particularly regarding investments, joint ventures, and setting up subsidiary companies, within certain financial limits.

The classification of CPSEs into Maharatna, Navaratna, and Miniratna categories is based on criteria related to profitability, turnover, net worth, and other performance indicators. These statuses grant varying degrees of financial and operational autonomy. Before being upgraded to Navaratna status, RVNL was a Miniratna Category-I CPSE.

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