The Company was incorporated on 7th December 2016 with equity participation by Government of Chhattisgarh following a Joint Venture Agreement with Ministry of Railways. In terms of the Agreement, Ministry of Railways will take 49% equity after incorporation. The Company has a mandate of selecting bankable railway projects for development, study, arranging finance and execute. For this purpose, the Company can create ‘Special Purpose Vehicles’ (Subsidiary companies for each identified project which has its own financial viability) in partnership with other stake holders.
The Company is managed through a Board of Directors headed by the Chief Secretary of Chhattisgarh. Day to day functioning of the Company is to be managed by a Managing Director. Ministry of Railways and Government of Chhattisgarh have further nominated two part time directors each who are high level government functionaries.