Overview

Indian Port Rail & Ropeway Corporation Limited (IPRCL) is a first of its kind Joint Venture Company (JVC) between 11 Major Ports under the Ministry of Ports, Shipping and Waterways (Formerly Ministry of Shipping) holding 90% of equity capital and Rail Vikas Nigam Limited (RVNL) under Ministry of Railways holding 10% of equity capital, incorporated with the objective to provide efficient rail evacuation systems to Major Ports and for enhancing their capacity and throughput. The company was registered on 10th July 2015 as a Public Limited Company under the Companies Act, 2013. The Company is under the Ministry of Ports, Shipping and Waterways (Formerly Ministry of Shipping), Government of India.

• IPRCL will play a strategic role and position itself to act as mentor & coordinator for Major Ports Railway systems.
• Interface with Government departments/ agencies and autonomous bodies on strategic issues and also work with consultants for removing bottlenecks.
• Act as a consultant for bringing in best practices in areas of IT, processes, systems, and other areas related to evacuation of Cargo.
• Develop technical and financial competence for undertaking DPR/PMC work.
• IPRCL can leverage the experience, expertise, and linkages to various organizations (Ministry of Ports, Shipping and Waterways (Formerly Ministry of Shipping), Major Ports, RVNL) to build a strong base in the initial years of its existence.
• Contribute to the role of a Think-tank to develop scalable, workable models in port infrastructure for evacuation of cargo.
• Effectively interface with the Indian Railways for addressing issues such as the supply of rakes, pre-project approvals, and post-project certifications.
• Attract investors and financial resources for port evacuation infrastructure projects.

Objectives

• To provide, develop, design, construct, operate and maintain effective, efficient, and competitive rail evacuation systems to Ports in India and in particular the Major ports by way of creating last-mile connectivity of the ports.
• Modernization of the rail infrastructure at ports (Major); creating and managing the internal port railway system.
• Creation of new and enhancement of capacity in embedded hinterland connectivity.
• To create, develop, construct, procure railway infrastructure at Major Ports and other designated areas including land, building, locomotives, and maintenance facilities for achieving the main objects mentioned above.
• To acquire, own, hold, possess, finance, manage, supervise, organize, develop, and construct areas and sites whether for construction or development of rail or any other purpose for the attainment of the objectives of the company.
• IPRCL may also take up critical road connectivity projects.

Three Verticals

1. Last Mile Connectivity and Augmentation Projects:

• Increase the share of cargo moved through Railways.
• Addition, alteration, improvement in last-mile connectivity to and from Ports.
• Projects to be funded completely by Ports, being the sole beneficiary.

2. Augmentation and Operation & Maintenance of Internal Port Rail Systems:

• Strengthen existing infrastructure for faster evacuation of dedicated cargo.
• Bring incremental improvements in turnaround time and other performance indicators.
• Incremental reduction in manpower and improvement in productivity.

3. Hinterland Connectivity Projects:

• Equity participation in large-scale, multi-beneficiary connectivity projects: Salegaon-Paradip, Indore-Manmad, etc.
• Leverage the Participative Models of Railways: JV Model, NGR (Non-Govt. Railway) Model, etc.

List of Shareholders of the Company: