Mumbai Railway Vikas Corporation Explained

Mumbai Railway Vikas Corporation
Type:Public sector undertaking
Industry:Rail transport
Hq Location:Churchgate
Hq Location City:Mumbai
Hq Location Country:India
Area Served:Mumbai Metropolitan Region
Key People:Shri Subhash Chand Gupta (Chairman & MD)
Revenue Year:2022-23
Net Income Year:2022-23
Owner:
Num Employees:239
Num Employees Year:31 March 2023
Footnotes:[1] [2]

Mumbai Railway Vikas Corporation (MRVC) is an Indian public sector undertaking responsible for executing railway projects under the Mumbai Urban Transport Project (MUTP) as sanctioned by Ministry of Railways for enhancing suburban rail transportation. It was incorporated under Companies Act, 1956 on 12 July 1999 with an equity capital of Rs. 25 crore shared in the ratio of 51:49 between Ministry of Railways and Government of Maharashtra. MRVC is also involved in the planning and development of the Mumbai Suburban Rail system.

The main objectives of MUTP are:

Objectives

Notes and References

  1. Web site: Annual Report, 2022-23 (Bilingual) . 31 March 2023 . mrvc.indianrailways.gov.in . MRVC . 14 January 2024 . 91.
  2. Web site: About Us . 21 January 2022 . mrvc.indianrailways.gov.in . MRVC . 14 January 2024.