Mumbai Railway Vikas Corporation Limited (MRVC)

Mumbai Railway Vikas Corporation Limited (MRVC Ltd.), a Public Sector Undertaking of Govt. of India under the Ministry of Railways (MoR) was incorporated under the Companies Act, 1956 on 12th July 1999 with an equity capital of Rs. 25 crore shared in the ratio of 51:49 between Ministry of Railways and Government of Maharashtra.  MRVC is involved in executing the suburban rail improvement projects under the Mumbai Urban Transport Project (MUTP) as sanctioned by the Ministry of Railways for enhancing suburban rail transportation capacity thereby reducing overcrowding and meeting future traffic requirements. The corporation is also involved in the planning and development of the Mumbai Suburban Rail system.