Rail Vikas Nigam Limited (RVNL) is an Indian central public sector enterprise (PSU) which works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development.

It was incorporated in 2003 to meet the country's surging infrastructural requirements and to implement projects on a fast-track basis as well as for creating a Railway equipment construction company.

The NRVY was announced by Prime Minister Atal Bihari Vajpayee from the ramparts of the Red Fort during the Independence Day speech on 15 August 2002.

RVNL's two main objectives are to augment the capacity of rail infrastructure and raise extra budgetary resources for special purpose vehicle projects.

[13] RVNL informed the Securities and Exchange Board of India (SEBI) of the establishment of the joint venture on 10 December 2022.

RVNL began as an organisation for executing various projects of railway engineering, to meet the shortfall of rail infrastructure that the existing system of that time could not fulfil.

It was important to think out of the box and find a solution as eventually the price would be heavy with respect to the curtailment of opportunities and options available to a developing nation.

About 60 per cent of CSR funds are spent in the education & health care sector for the underprivileged, marginalized communities and tribal belts.

Rail Vikas Nigam Limited has been rated as "Excellent" by the Department of Public Enterprises (DPE) for 11 consecutive years.

[19] Rail Vikas Nigam Limited was conferred the Roll of Honour as the fastest-growing Mini-Ratna of the year by Dalal Street Investment Journal.