Undertakings Under Ministry of Railways
Several agencies
provide technical and consultancy services to the Railways. These agencies work
under the control of the Ministry of Railways, Government of India. For
example, the funds for the Railways are raised by the Indian Railway Finance
Corporation (IRFC). Similarly, the catering and internet ticketing services of
IR are looked after by another agency called Indian Railway Catering and
Tourism Corporation Ltd (IRCTC). A brief description of the various agencies
working under the Ministry of Railways is given in the following sections.
1 Rail India Technical and Economic
Services Ltd
The Rail India
Technical Economic Services Ltd (RITES), a Government of India Undertaking,
provides consultancy services on all aspects of the Railways from concept to
completion. RITES is closely linked with Indian Railways and is in a privileged
position to draw freely upon the huge pool of experience, expertise, and
technical know-how acquired over a century of operations for Indian Railways.
RITES is a multidisciplinary,
ISO 9001: 2000 certified consultancy organization in the field of
transportation infrastructure and related technologies. It is a Mini Ratna
Company and provides consultancy services from concept to commissioning in the
fields of railways, urban transport, urban development and urban engineering,
roads and highways, airports, ropeways, inland waterways, ports and harbours,
information technology, and export packages of rolling stock and
railway-related equipment. Its diversified device packages include among
others, feasibility, design and detailed engineering, multimodal transport
studies, project management and construction supervision, quality assurance and
management, materials management, workshop management, operations and
maintenance, system engineering, economic and financial evolution, financing
plan and privatization, property development, railway electrification,
signalling and telecommunication, environment impact assessment, and training
and human resources development.
RITES
had a total turnover of 2850 million in 2003-04 and earned a before-tax profit
of Rs 820 million.
2 Indian Railways Construction Company
Ltd
IRCON International
Ltd, a public sector undertaking under the Ministry of Railways, was
incorporated in 1976 as an Indian Railway construction company, as a
specialized agency to undertake major railways projects both in India and
abroad. This organization was set up with a view to channelize the export of
construction services, technological know-how, and special skills gained by
Indian Railways in the last 150 years. IRCON is in the ideal position to
undertake the entire spectrum of construction activities concerning the various
railway disciplines-civil, mechanical, electrical, signalling,
telecommunications, etc.
From being an exclusive
railway construction company, IRCON diversified its activities in 1985 to other
sectors such as roads, highways, expressways, road bridges, flyovers, cable
stayed bridges, mass rapid transit systems, buildings, industrial and
residential complexes, airports, and hangers. In 1993, IRCON included BOT
(build, operate, and transfer), BOOT (build, operate, own, and transfer), BLT
(build, lease, and transfer) projects, business relating to leasing, real
estate, etc., and in 1997, business relating to commercial operations of air
transport was included and extended. In order to provide a full range of
telecom and IT services in India and abroad, telecommunication was added in
1999.
Presently, IRCON is
listed 128th amongst the top 225 international construction contractors, and is
amongst the top ten in Engineering News-Record mass transit and rail rankings
(published by McGraw-Hill).
IRCON is an ISO 9002
certified construction company and has completed projects in Algeria, Angola,
Bangladesh, Indonesia, Iraq, Jordan, Italy, Lebanon, Malaysia, Nepal, Nigeria,
Saudi Arabia, Syria, Tanzania, Turkey, United Kingdom, and Zambia.
During the year 2003-04
IRCON had a total turnover of Rs 7920 million, with a net profit of Rs 620
million and net foreign exchange earnings of Rs 1140 million.
3 Indian Railway Finance Corporation
IRFC was incorporated
as a public limited company in December 1986 with the sole objective of raising
funds for the railways from the market based on the requirement of the Ministry
of Railways to partly finance the plan outlay and meet the developmental needs
of IR.
IRFC has successfully
met its targets year after year. It raises funds through by issuing taxable and
tax-free bonds, through term loans from banks/financial institutions, and
through external commercial borrowings/export credit.
Since
its inception, IRFC has consistently earned profits and has already paid Rs
6980 million (including an interim dividend of Rs 650 million for the fiscal
year 2003-04) as dividend to the Government on the paid-up capital of Rs 2320
million.
4
Container Corporation of India Ltd
Container Corporation
of India Ltd (CONCOR) was incorporated in March 1988 under the Companies Act
1956 as a public sector enterprise under the Ministry of Railways. It was set
up to promote, provide for, and manage multimodal transport in the country with the prime objective to
support the country's growing international trade as well as for the transport
of domestic cargo in containers by adopting the latest technology and
practices. The company commenced operations in November 1989.
The corporation was set
up with an authorized capital of Rs 1000 million. The paid-up capital of the
company is Rs 650 million. The Government of India has gradually divested its
equity holding in the company through three divestment exercises in 1994-95,
1995-96, and 1998-99. Currently the Government holds 63% equity in the company
and the remaining 37% is held by financial institutions and individuals.
CONCOR has evolved a
strategy to transform the company from an operational entity into a
market-driven organization in order to ensure its leadership in the multimodal
market. The four specific areas identified under this strategy are total
logistics solutions, cold chain, coastal shipping, and extension of intermodal
services to neighbouring countries.
As a terminal and
warehouse operator, CONCOR has created a network of 51 container terminals
across the country. Except the few terminals which are exclusively road-fed
inland container depots (ICDs), the majority of the terminals on its network
are linked by rail.
CONCOR's custom bonded
ICDs are dry ports in hinterland and serve the purpose of bringing all port
facilities, including customs clearance, to the customers' doorstep. Its
terminals provide a spectrum of facilities in terms of warehousing, container
parking, repair facilities, and even office complexes. CONCOR had a total
income of Rs 18,070 million in 2003-04, with a net profit of about Rs 3680 million
after tax.
5 Konkan Railway Corporation Ltd
Konkan Railways is the
first railway project in the country to be executed on the BOT principle. The
company was formed with the participation of four states, namely, Maharashtra,
Goa, Karnataka, and Kerala, along with the Ministry of Railways with Rs 8000
million as equity and Rs 27,500 million raised in bonds, funding the total cost
of the project of Rs 35,500 million. Construction work began in 1990 and the
whole 760-km line was completed in 1998 and dedicated to the nation on 1 May
1998. At present there are 13 pairs of express trains and 5 pairs of passenger
trains running over the Konkan Railway route. These have reduced the distance
and travel time to Southern India.
Some of the
technologies used by Konkan Railway Corporation Ltd (KRCL) are listed here.
(a) The
innovative roll-on-roll-off scheme has enabled the transport of more
than 50,000 trucks in 5 years.
The
various special safety measures adopted by KR on its route are installation of
inclinometers in soil cuttings for pre-warning about the collapse of the
cutting, coupled with raksha dhaga and anti-collision devices (ACDs) for
warning an approaching train.
(c) Konkan
Railways is making extensive usage of the developments in IT to modernize its
working style and make its day-to-day operations more efficient.
KRCL's
gross revenue from traffic during the year 2003-04 was Rs 2350 million.
6 Indian Railway Catering and Tourism
Corporation Ltd
IRCTC is a new
corporation under the Ministry of Railways. Some of the important projects
undertaken by the corporation are the following:
Catering services IRCTC
has awarded 17 contracts for on-board catering services in
trains, taking the total number of trains covered to 71. These include 5
Rajdhani, 2 Shatabdi, 17 Jan Shatabdi, and 47 mail/express trains.
Internet ticketing
system The facility of booking railway tickets
through the Internet has been extended to 120 cities across the
country. Payment is accepted through credit cards, debit cards, or direct debit
to the account of the customer.
Packaged drinking water
project The first Rail Neer plant of the
corporation was inaugurated in May 2003, and a second in February
2004. Good quality drinking water is supplied to passengers and other rail
users.
7 RailTel Corporation of India Ltd
RailTel is a public
sector undertaking under the administrative control of the Ministry of
Railways. RailTel was incorporated in September 2000 with an authorized capital
of Rs 10,000 million. The main objectives of the company, inter alia, include
building a nationwide telecom multimedia network for laying optical fibre
cables (OFCs) with a view to modernize the Railways' communication systems for
safe and efficient train operation and to generate revenue through the
commercial use of the system.
8 Rail Vikas Nigam Ltd
Rail Vikas Nigam Limitd
(RVNL) is a special purpose organization set up to execute two vital components
of National Rail Vikas Yojna launched by the Government of India. Its main
objectives are to undertake projects of development, financial resource
mobilization, and execution of projects on a commercial basis using largely
non-budgetary funds. These projects are expected to remove capacity bottlenecks
on the golden quadrilateral (railway line connecting Delhi, Mumbai, Chennai,
and Kolkata) and its diagonals and to augment port connectivity. RVNL is
expected to take up only bankable projects which can attract market funding
without Government guarantee.
9 Pipavan Railway Corporation Limited
Pipavan Railway
Corporation Ltd (PRCL), a joint venture of the Ministry of Railways and Gujarat
Pipavan Port Limited (GPPL) with equal equity participation, was formed to
execute the Surendra Nagar-Rajula-Pipavan port gauge conversion/ new line
project. This is the first railway infrastructure executed through private
sector participation. PRCL has the concessionary rights to construct, operate,
and maintain this project line for 33 years. It is entitled to the rights,
obligations, and duties of a railway administration as enumerated in the
Railways Act 1989. This project line was commissioned in March 2003 for freight
operation. During the year 2003-04, PRCL handled 266 trains, including 112
container trains, and transported 0.4 million tonnes of cargo.
10 Centre for Railway Information
Systems
Centre for Railway
Information Systems (CRIS), which is an autonomous body under the patronage of
Ministry of Railways, was established as a non-profit-making organization and
entrusted with the design, development, and information of all major computer
services of the Railways. During the last few years CRIS has made substantial
progress in the freight operation information system (FOIS), passenger
reservation system (PRS), national train enquiry system (NTES),
microprocessor-based self-printing ticketing machines, and track management
system.
11 Indian Railway Welfare Organisation
Indian Railway Welfare
Organisation (IRWO) an autonomous body under the patronage of Ministry of
Railways, was registered on 25 September 1989 under the Societies Registration
Act for meeting the specific needs of housing for serving and retired railway employees;
its headquarters is at New Delhi. IRWO has been constructing houses in
different cities and towns all over the country on a self-financing basis for
serving and retired railway employees purely as a welfare activity on a
'no-profit-no-loss' basis.
In
the last few years, IRWO has already acquired land in about 20 places and has
announced group housing schemes at Noida, Gurgaon, Gorakhpur, Kolkata, Chennai,
Indirapuram (Ghaziabad), Hyderabad, Chandigarh, and a few other places. They
have already completed housing projects at Noida, Gurgaon, Gorakhpur,
Hyderabad, Kolkata, Chandigarh, and Mumbai in record time and handed over the
flats to their owners.
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