Maharashtra Rail Infrastructure Development Corporation Limited (MRIDC or MAHARAIL) is aimed to provide a boost to the Rail Infrastructure projects in the Maharashtra State on the principle of cooperative federalism. There are several regions in Maharashtra State, having long pending demands for construction of new Railway lines. There is need for development of Rail Infrastructure for critical connectivity and capacity enhancement in the State. Accordingly, it is aimed to identify, develop and implement such Rail line projects.
MRIDC has also been entrusted the responsibility of construction of Road over Bridges (ROBs) in the entire Maharashtra State. There is a scope of large number of (ROBs) in the state, to be constructed by MRIDC on fast track.
In order to meet the growing demands for new projects and also to expedite ongoing projects, Ministry of Railways initiated the scheme of project development, financing and monitoring through formation of Joint Ventures/SPVs with State Government. Government of Maharashtra has created a joint venture named Maharashtra Rail Infrastructure Development Corporation Limited (MRIDC) started functioning from July 2018 for implementation of various Railway Projects in the territory of Maharashtra.
The authorised share capital of MRIDC is Rs 100 Cr. with contribution of Rs. 50 Cr by Govt. of Maharashtra and Rs. 50 Cr by Ministry of Railways. The company is having wide ranging jurisdiction as mentioned in the Memorandum of Association (MoA) and has immense potential to perform and grow. However, the company will carry on the business ordinarily in Maharashtra.