It was the vision of the then Hon’ble Prime Minister, Bharat Ratna Late Shri Atal Bihari Vajpayee, based on which RVNL was incorporated as PSU on 24.01.2003.  The idea of the then Hon’ble Prime Minister was to bridge the infrastructure deficit on Indian Railways and accordingly announced about the National Rail Vikas Yojana on 15.08.2002 in his address from the Red Fort.  NRVY was formally launched by Hon’ble Prime Minister on 26.12.2002 and to implement the NRVY, RVNL was incorporated as per the then Companies Act 1956 with the twin objectives of implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis and raising of extra budgetary resources for SPV projects. The company began its operation in 2005 with the appointment of Board of Directors.  The company was granted Miniratna status in September 2013. RVNL has been rated “Excellent” for the 9 successive years by the Department of Public Enterprises.  RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years.