IRSDC - Indian Railways Station Development Corporation Ltd

IRSDC - Indian Railways Station Development Corporation ltd 

Latest News:  

Indian Railways has ordered to dissolve the “Indian Railways Stations Development Corporation” on the basis of recommendation of Principal Economic Advisor of Finance Ministry, Sanjeev Sanyal. (2021 October)

v A SPV or a Joint Venture (JV) between RLDA (Rail Land Development Authority) and IRCON (Indian Railway Construction Company ltd) in the ratio of 49:51 respectively.

v Incorporated in April, 2012 (under Companies Act, 1956)

v Authorised Share Capital - Rs. 100 Crores and Paid up capital is Rs. 40 Crores.

v   Key focus on Station development only.

v Assigned Seven stations so far Development.  They are 1) Anand Vihar (New Delhi) 2) Bijwasan (New Delhi) 3) Chandigarh 4) Habibganj (Bhopal) 5) Shivaji Nagar (Pune) 6) Surat 7) Mohali (Chandigarh)- so far by Railway Board

v Another 400 AI and A category Stations are shortlisted for redevelopment.

• Vision:  To be a leading organization in the field of development, redevelopment, operation and maintenance of railway stations with passenger amenities of international standards.

v To carry on any railway infrastructure work including development of railway stations on Build-Operate-Transfer (BOT), Build-Own-Operate-Transfer (BOOT), Build-Lease-Transfer (BLT), etc. or otherwise or any other scheme or project found suitable.

v Object:  Resolve congestion-access and egress(way out) is a challenge into station or platform or train by develop /re-develop the existing/new railway stations. 

v Taking cue from the Development/Redevelopment of Airports on PPP basis.

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