Odisha Rail Infrastructure Development Ltd.
Development of railway network is an essential part of economic development and social integration in any Country. Ministry of Railways rolled out a policy framework in the year 2012 for enabling participation of State Governments and Private Sector for development railway networks in the country.
There has been a constant need for accelerating railway connectivity in the State of Odisha considering it’s vast mineral resources, industries and lack of rail connectivity to many of it’s important towns and districts. With a view to further augment the railway infrastructure in the State, a Joint Venture Agreement was signed between Government of Odisha & Ministry of Railways, Government of India on 14th June, 2016 to form a Joint Venture Company for the development of viable railway projects including projects with viability gap funding in the state of Odisha.
Consequently, the Joint Venture Company “Odisha Rail Infrastructure Development Limited” (ORIDL) has been incorporated under the provisions of the Companies Act, 2013, on 23rd March 2017 with equity participation of 51% and 49% by Government of Odisha and Ministry of Railways respectively.