Undertakings and other Organizations As many as 16 Public Sector Undertakings and other Organizations are functioning under the Ministry of Railways, as detailed below:- S.No. Name Year of Core competence Incorporation/ President of India, Shri Pranab Mukherjee Inception and PM of Bangladesh, H.E Sheikh Hasina Jointly flagging off the Train 1 RITES 1974 To design, establish, provide, operate, maintain and perform engineering, technical and consultancy services for development of projects/systems of all types and descriptions pertaining to Railways and Other Sectors/Industries in India and outside India. 2 IRCON 1976 To undertake construction activities in India and abroad on turnkey basis or otherwise in various fields of infrastructure like Railways, Bridges, Roads, Highways, Industrial and Residential Complexes, Airports, etc. 3 CRIS 1986 To provide consultancy and IT services to IR as partners to conceptualize and realize technology initiatives, to build new products or services and to implement prudent business and technology strategies. 4 IRFC 1986 To raise funds from the market to part finance the Plan Outlay of IR. 5 CONCOR 1988 To develop multi-modal logistics support for India’s international and domestic containerized cargo and trade. 6 KRCL 1990 To construct and operate railway lines, construct Road Over Bridges and rail line projects. 7 RCIL 2000 To utilize the surplus telecom capacity and right of way (RailTel) available with the IR to build nationwide optical fibre cable based broadband telecom and multimedia network. 8 IRCTC 2001 To undertake catering and tourism activities of the Railways. Also facilitates internet ticketing through its website. 9 PRCL 2001 To execute the Surendranagar-Rajula-Pipavav Port gauge conversion and new line projects in Gujarat. 10 RVNL 2003 To create and augment the capacity of rail infrastructure. To mobilize resources mainly through multilateral/bilateral funding agencies and also through domestic market for successful implementation of projects. 11 RLDA 2005 To develop vacant railway land for commercial use for the purpose of generating revenue by non-tariff measures for IR. 12 DFCCIL 2006 To plan and construct Dedicated Rail Freight Corridors (DFCs) for movement of freight trains on the corridors. 13 MRVC 1999 To plan and implement rail projects in the Mumbai Metropolitan Region. 14 BWEL 1978 To manufacture wagons and undertake structural fabrication (In MOR from jobs. 2008) 15 BSCL 1976 To manufacture Railway Rolling Stock. (In MOR from 2010) 16 BCL 1976 To manufacture wagons, undertake structural fabrication (In MOR from jobs and manufacturing, retrofitting of EOT crane. General Consultancy for Bangladesh Metro 2010) by RITES INDIAN RAILWAYS ANNUAL REPORT AND ACCOUNTS 2013-14 117 RAIL INDIA Technical AND ECONOMIC Services (RITES) RITES Ltd., a “Mini Ratna” Schedule “A” and an ISO 9001-2008 certified Company, is a multi-disciplinary consultancy organization in the field of transport infrastructure and related technologies. The Company provides diversified and comprehensive array of consultancy and engineering Rail Gang Cars Supplied to Myanmar services in transport infrastructure sector under a single roof. Railways by RITES The major business engagements are as consultants, engineers and project managers in railways, highways, airports, ports, ropeways, urban transport, and inland waterways areas in India and abroad. Apart from the aforesaid services, the Company provides the services of third party inspection, quality assurance, construction supervision and project management, operation and maintenance, leasing and export of rolling stock. The Company has contributed notably in the development of transport infrastructure for the last 40 years. RITES is internationally recognized as a leading consultant with operational experience in countries in Africa, South East Asia, Middle East and Latin America. Most of the foreign assignments of RITES are for National Governments and other apex organizations. Business Operations: Some of the important assignments undertaken in the recent past are: Overseas y RITES provides export services as ‘Total Package’ for supply of locomotives and rolling stock, equipment for workshops/ railways systems and modernization of workshops to foreign Railway organizations. y During the year, RITES had executed export orders for supplies of 16 locomotives to Bangladesh; gang cars to Myanmar and continued wet leasing locomotive services for Mozambique. y RITES has been trying to make more inroads into Africa. Recently in Rwanda, a contract for consultancy services for the feasibility study and design for expansion of Kamembe and Gisenyi airports has been secured through its wholly owned subsidiary company. Project Management Consultancy (PMC) y Gabon Railways has awarded three projects for survey of Services for Integrated Check Posts (ICP), Attari by RITES New Standard Gauge Railway Lines. 118 INDIAN RAILWAYS ANNUAL REPORT AND ACCOUNTS 2013-14 y RITES has secured a World Bank aided project on development of 50 year National Transport Master Plan for Ministry of Transport, Kenya comprising of roads, railways and ports. Some major projects under execution include supervision and up-gradation to paved road standard of existing roads in Terai Region of Nepal; conducting inspection of equipment for Sewerage Treatment Plants in China, Italy, Sweden, USA and Germany. Ropeway at Namchi, Sikkim by RITES Domestic: y On the domestic front, RITES has provided consultancy services to various clients from Ministries/ Departments of Central Government, State Government and private corporate houses. y During the year, RITES’ association continued with several railway infrastructure projects for Indian Railways, NTPC, SAIL, DVC, CONCOR, Coal India, MCL, RINL and various private companies in steel, power, mining and port sector. y RITES carried out the feasibility studies and “Preliminary Engineering cum Traffic Survey” (PETS) for Eastern and Western Dedicated Freight Corridors. Currently RITES is carrying out PETS of four new Dedicated Freight Corridors. y RITES continues to maintain its firm position in the Highway and Metro rail sector, despite increased competition. y RITES has secured consultancy contracts for Metro Rail in Patna, Kochi, Ahmedabad and Mumbai. y In February, 2014 in India’s IT capital, i.e. Bengaluru, the first Metro Train between Peenya Industrial area-Sampige Road Metro Station covering 10 km section of Bengaluru Metro was flagged off for regular passenger operations. y RITES has developed capability in industrial engineering projects by successfully executing some railway workshop turnkey projects viz. RCF Kapurthla, Budge Budge, SAIL Kulti. y The business of wet leasing of shunting locos including operation and maintenance has been well received by domestic non-railway customers and so far 20 locos have been leased out. During the year, RITES has been Inspection of Wheelsets by RITES Quality awarded contracts for new Central University Campus for Assurance (QA) Division INDIAN RAILWAYS ANNUAL REPORT AND ACCOUNTS 2013-14 119 Bihar, NIT Meghalaya, Bose Institute at Kolkata, Centre for innovative and applied bio-processing at Mohali. y Feasibility study for setting up berthing facilities with mechanization facilities for Paradip port; National Waterway Grid Phase-II study. y Company has carried out prestigious assignments during Central University Gulbarga under PMC the year which includes Project Management Consultancy by RITES Services in relation to; expansion/up-gradation of buildings of apex educational and research institutions, SandT works for panel interlocking, passenger ropeways, Geo technical investigations for BG line, Services to various State Governments for Airport design and Project Management, procurement consultancy services to Ministry of Health and Family Welfare. Financial Performance: y The comparative financial performance of RITES during the last 2 years, is as follows: (` In crore) 2012-13 2013-14 Total Turnover 1,076 1,246 Net Profit After Tax 245 264 Net Worth 1,195 1,397 Solar Power Plant at Gurgaon Railway Station 120 INDIAN RAILWAYS ANNUAL REPORT AND ACCOUNTS 2013-14 IRCON International LIMITED (IRCON) Ircon International Limited (IRCON), a Mini Ratna and Schedule ‘A’ PSU, was incorporated on 28th April, 1976 under the name ‘Indian Railway Construction Company Limited’, mainly for the purpose of construction and development of Railway networks in India and abroad. Since then, the Company has diversified itself into other Transportation and Infrastructure Gemas Railway Station, Malaysia by sectors like Highways, Bridges, ROBs, Airport Hangar and IRCON Runways, Metro Rail, Tunnels, Buildings, EHV Transmission Line and Grid Sub-stations, Industrial Electrification, Signalling and Telecom Systems etc. The name of the Company was changed to “Ircon International Limited” w.e.f. 17th October 1995 in tune with the international image and scope of its operations. IRCON has so far completed about 296 major infrastructure projects of National importance in India and over 100 projects in more than 20 countries. As per August 2014 edition of Engineering News Record (ENR) of USA, IRCON is among the only four Indian companies which could make it to the list of top 250 International Contractors. Performance on Foreign Projects IRCON is actively engaged in infrastructure development in several Asian and African countries. During the year, the Company completed some key projects in Malaysia and Sri Train Passing Through 11 kms Pir