Formation of HSRC

In order to ensure compliance of the Budget announcement, Ministry of Railways with the approval of the President directed Rail Vikas Nigam Limited in June 2012 to set up a Special Purpose Vehicle for development and implementation of High Speed Rail Projects in terms of Article 69(2)(g) of Memorandum and Articles of Association of RVNL. Accordingly High Speed Rail Corporation of India Limited has been incorporated as a subsidiary of RVNL on 25-07-2012. High Speed Rail Corporation of India Limited was launched by Shri Mallikarjun Kharge, the then Hon’ble Minister of Railways on 29th October, 2013 at Vigyan Bhavan, New Delhi in august presence of Shri Arunendra Kumar, Chairman, Railway Board, Shri Satish Agnihotri, Chairman, HSRC and distinguished guests.