HRIDC

What HRIDC does

Haryana Rail Infrastructure Development Corporation Ltd. (HRIDC) is a joint venture between the Government of Haryana (51% equity) and the Ministry of Railways, Government of India (49% equity), incorporated on 22 August 2017 following a Union Cabinet decision dated 03 February 2016. Operating on the principle of cooperative federalism, HRIDC functions as the sole nodal agency for planning and implementing rail infrastructure projects in Haryana state, including new railway lines, last-mile connectivity, and capacity enhancement works. The company is registered in Chandigarh and operates a corporate office in Gurugram from IRCON International's Tower-2 facility. Its flagship project is the Haryana Orbital Rail Corridor (HORC), a 143.93 km broad gauge double railway line connecting Palwal to Sonipat via Sohna, Manesar, and Kharkhouda, with seamless connectivity to the Eastern and Western Dedicated Freight Corridors at Prithala station and to Indian Railways at five junction stations.

HRIDC's technology stack spans conventional and advanced rail infrastructure engineering: twin tunnel construction using the New Austrian Tunnelling Method (NATM) and Cut & Cover techniques (a ~5 km tunnel section in HORC between km 24.880 and km 29.580); 2x25kV AC high-rise overhead electrification (OHE) with SCADA; rigid overhead conductor system (ROCS) in tunnel portions; ballastless track systems; electronic interlocking signalling and telecommunications; and GIS substations. Notable engineering features include an elevated railway track project in Kurukshetra city to eliminate five manned level crossings, and a railway siding at Maruti Suzuki India's Manesar plant with yard electrification. RITES Ltd. serves as General Consultant for the HORC project, and the company has signed an agreement with NCRTC to implement the SPEED digital project management tool.

HRIDC's business model is exclusively government-to-government. Projects are conceptualized jointly with Government of Haryana and Ministry of Railways, subject to multi-stage approvals (Haryana Cabinet, Northern Railway GM, Railway Board, and CCEA for projects above Rs 1,000 crore) and executed through competitive public tendering. Funding flows through equity contributions from both JV partners, cost-sharing arrangements, and Special Purpose Vehicles (SPVs) such as Haryana Orbital Rail Corporation Limited (HORCL) that enable private equity participation via EOI processes. HRIDC does not sell commercial products; its services are delivered through statutory government project execution frameworks, with revenue essentially derived from government allocations, project financing, and SPV equity participation rather than market-priced commercial activity.

Name

HRIDC

Legal name

Haryana Rail Infrastructure Development Corporation Ltd.

Website

https://hridc.co.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

HRIDC is a joint venture between Government of Haryana and Ministry of Railways that plans and implements rail infrastructure projects in Haryana state, including the flagship 143.93 km Haryana Orbital Rail Corridor connecting Palwal to Sonipat with Dedicated Freight Corridor access.

Ownership category

akta.pro rank

Product category

Rail Infrastructure Development

NAICS

Heavy and Civil Engineering Construction (237), Highway, Street, and Bridge Construction (237310), Power and Communication Line and Related Structures Construction (237130)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Bridges, Viaducts & Elevated Guideway Construction (IMAFAFAF)

akta.pro secondary industries

Rail Electrification Systems Construction (OCS/OHL, Third Rail) (IMAFAFAB), Tunnels & Underground Rail Civil Construction (IMAFAFAE), Bridge & Viaduct Construction (IMAFAEAB)

Keywords

• Rail infrastructure development
• Railway corridor construction
• Government joint venture
• Public sector rail
• Rail project consultancy

Headquarters

HQ city

Chandigarh

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Government Equity Funding: HRIDC is a Joint Venture of Government of Haryana (51% equity) and Ministry of Railway (49% equity). Projects are funded through equity contributions from both JV partners, with additional cost-sharing arrangements (e.g., Kurukshetra Elevated Track shared at Rs. 136.45 Crores by GoH and Rs. 109.54 Crores by MoR).
2. Special Purpose Vehicle (SPV) Equity Partnerships: HRIDC creates Special Purpose Vehicles (SPVs) for specific projects such as HORCL (Haryana Orbital Rail Corporation Limited) for the HORC project. Equity participation is sought from private investors to manage gap funding through EOI processes.
3. Project Implementation Services: HRIDC acts as nodal agency for planning and implementing rail infrastructure projects including new railway lines, last mile connectivity, and capacity enhancement works in the state of Haryana, funded through government allocations and project financing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

HRIDC plans, develops, finances, and implements rail infrastructure projects within the state of Haryana. Its work covers new railway lines, elevated rail corridors, orbital rail corridors, tunnels, and last-mile rail connectivity for freight and passenger movement, executed under a joint venture between the Government of Haryana and the Indian Ministry of Railways.

Product overview

HRIDC (Haryana Rail Infrastructure Development Corporation Ltd.) is a Joint Venture company between Government of Haryana (51%) and Ministry of Railway (49%), incorporated on 22 August 2017 to develop rail infrastructure in the state of Haryana. The company's portfolio consists of multiple railway infrastructure projects including the flagship Haryana Orbital Rail Corridor (HORC) connecting Palwal to Sonipat, the Elevated Railway Track in Kurukshetra City, Jind-Hansi New Railway Line, Karnal-Yamunanagar New Railway Line, and various other projects under feasibility studies. These projects include new railway lines, last mile connectivity, capacity enhancement works, and freight/passenger transportation infrastructure, built on principles of cooperative federalism.

Differentiator

Problem solved

Functional benefit

Products and services

• Haryana Orbital Rail Corridor (HORC)
• Kurukshetra Elevated Railway Track
• Jind-Hansi New Rail Line
• Karnal-Yamunanagar New Rail Line
• Rail Feasibility and Project Advisory Services

Quantifiable outcome

• Railways freight transportation share in Haryana: from current ~32% to higher with DFC connectivity
• +2 more outcomes

Named customers2 records

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• RITES Ltd.coreStrategic or Co-development Partner · 31 March 2021RITES (Rail India Technical and Economic Service) was appointed as General Consultant (GC) for the Haryana Orbital Rail Corridor (HORC) project from Palwal to Sonipat. RITES provides comprehensive consultancy services for planning and implementation of railway projects.
• Government of HaryanacoreOthers · 22 August 2017Joint Venture partner with 51% equity stake in HRIDC. Established per Union Cabinet decision dated 03 February 2016, incorporated on 22 August 2017. Government of Haryana provides state-level approvals, facilitates single-window clearance, and contributes to project financing.
• Ministry of Railways, Government of IndiacoreOthers · 22 August 2017Joint Venture partner with 49% equity stake in HRIDC. Contributes to project financing, provides technical expertise through Indian Railways services (IRSEE, IRSE officers), and facilitates Railway Board approvals and CCEA clearances for rail infrastructure projects.
• IRCON InternationalcoreOthersHRIDC's corporate office is housed at IRCON International Tower-2, Plot No.-16, Sector-32, Gurugram. IRCON (Ircon International Limited) is a government railway construction company under Ministry of Railways, providing infrastructure development support.
• Maruti Suzuki India Limited (MSIL)minorStrategic or Co-development PartnerMSIL has engaged HRIDC for construction of railway siding at its Manesar plant. HRIDC is executing electrification works at MSIL yard and connectivity with HORC line up to Patli Station (NR). Multiple tenders have been awarded for MSIL railway siding works.
• Indian RailwayscoreOthersHRIDC projects connect to Indian Railways network at multiple stations (Palwal, Patli, Sultanpur, Asaudha, Harsana Kalan). Indian Railways provides connectivity, approvals, and operational integration for HORC and other rail infrastructure projects.
• Dedicated Freight Corridor (DFC) / DFCCILcoreOthersHaryana Orbital Rail Corridor provides seamless connectivity to Dedicated Freight Corridors at Prithala station. HORC is strategically positioned to utilize the Eastern & Western Dedicated Freight Corridors passing through Haryana to increase railway freight transportation share.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• IRCON International Limited: Government railway construction company under Ministry of Railways engaged in turnkey construction of railway infrastructure including new lines, gauge conversion, electrification, and bridges. HRIDC's corporate office is housed at IRCON's Gurugram tower, evidencing operational partnership.
• RVNL (Rail Vikas Nigam Limited): Central public sector enterprise under Ministry of Railways executing rail infrastructure projects (new lines, doubling, gauge conversion, electrification) across India. Operates as a pan-India rail infrastructure developer comparable to HRIDC's core mandate but at much larger scale.
• DFCCIL (Dedicated Freight Corridor Corporation of India): Special purpose vehicle of Ministry of Railways building the Eastern and Western Dedicated Freight Corridors. Highly comparable as a large government rail infrastructure entity; HORC specifically integrates with DFC at Prithala station, making DFCCIL a direct counterpart for HRIDC's freight connectivity strategy.

Direct peers

• NCRTC (National Capital Region Transport Corporation): Indian government joint venture established to develop regional rail infrastructure (RRTS) in the National Capital Region. Directly comparable to HRIDC as a state/central JV entity executing large-scale rail infrastructure projects with multi-stakeholder funding and government approval processes.
• MRVC (Mumbai Railway Vikas Corporation):

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hridc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HRIDC