Company type | Subsidiary of Indian Railways |
---|---|
Industry | High-speed rail |
Founded | 12 February 2016 | [1]
Founder | Ministry of Railways |
Headquarters | Sector-9, Dwarka, Delhi |
Key people | Jaya Verma Sinha (Chairman) Vivek Kumar Gupta (Managing Director) |
Revenue | ₹68.27 crore (US$8.5 million) (2019) [2] |
Operating income | ₹62.95 crore (US$7.9 million) (2019)[2] |
Net income | ₹46.09 crore (US$5.8 million) (2019)[2] |
Total assets | ₹3,260.01 crore (US$410 million) (2019)[2] |
Total equity | ₹3,124.47 crore (US$390 million) (2019)[2] |
Owner | Indian Railways, Ministry of Railways, Government of India |
Number of employees | 387 (March 2023) [3] |
Website | nhsrcl |
The National High Speed Rail Corporation Limited (NHSRCL) was incorporated in 2016 to manage the High Speed Rail Corridor in India. It is a wholly-owned subsidiary of the Indian Railways, Ministry of Railways, Government of India.[1]
NHSRCL was formed under the Companies Act, 2013. The objective of this body is the development and implementation of the high-speed rail projects in India. The corporation is a ‘Special Purpose Vehicle’ (SPV) in the joint sector with equity participation of the Ministry of Railways, Government of India and two State Governments - Gujarat and the Maharashtra.[1]