About
the company
A Special Purpose Vehicle formed in 2006 to build and operate an alternative rail route between Haridaspur and Paradip Port.
The company
Why HPRCL
exists
Haridaspur Paradip Railway Company Limited is a Special Purpose Vehicle incorporated in 2006 under the National Rail Vikas Yojana.
The company was established with the vision of providing an alternative and robust rail connectivity between Haridaspur and Paradip, alleviating the congestion on the existing Cuttack–Paradip line. The primary aim of this railway project was to serve the burgeoning steel production hub at Kalinganagar and Jamshedpur, along with facilitating transportation of iron ore from the Banspani region.
There was an existing broad-gauge single line from Banspani to Daitari which connects to the coastal line at Jakhapura and links the iron-ore producing districts of West Singhbhum, Sundergarh and Keonjhar into direct connectivity with the coastal line. The Haridaspur–Paradip line acts as the final extension of the Banspani–Daitari link and provides an alternative route to Paradip Port.
The location of the project is between Haridaspur and Paradip stations, in Odisha.
The corridor
Ore belt
to seaport
HPRCL completes the chain — the last link between an established ore network and a deep-water port.
Trains loaded in the Keonjhar ore belt reach the coastal line at Jakhapura over the existing Banspani–Daitari section. From Haridaspur, the HPRCL line takes over and runs directly to Paradip Port, bypassing the congested route through Cuttack.
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The alignment
Route map
The project runs between Haridaspur and Paradip stations, in Odisha.
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Company structure
Shareholding
Based on the additional funding requirement, and considering the importance of the project for the nation, other shareholders joined the company. The present shareholding pattern is set out below.
| Name of the shareholder | Paid-up (₹) | Holding |
|---|---|---|
| Rail Vikas Nigam Limited | ₹ 3,90,00,00,000 | 30.00% |
| Sagarmala Development Company Limited | ₹ 3,36,78,80,580 | 25.91% |
| The Governor of the State of Odisha | ₹ 2,37,79,31,340 | 18.29% |
| Paradip Port Trust | ₹ 1,38,52,11,060 | 10.66% |
| Odisha Mining Corporation Limited | ₹ 1,09,99,77,020 | 8.46% |
| Essel Mining and Industries Limited | ₹ 30,00,00,000 | 2.31% |
| Rungta Mines Limited | ₹ 30,00,00,000 | 2.31% |
| MSPL Limited | ₹ 15,00,00,000 | 1.15% |
| Jindal Steel & Power Limited | ₹ 5,00,00,000 | 0.38% |
| Steel Authority of India Limited | ₹ 5,00,00,000 | 0.38% |
| Odisha Industrial Infrastructure Development Corporation | ₹ 1,90,00,000 | 0.15% |
| Total | ₹ 13,00,00,00,000 | 100% |
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Governance & disclosure
Public record
Board of
Directors
The directors nominated by our shareholders, and the key management personnel running the company day to day.
View the board ReportsAnnual
reports
Audited financial statements and performance reviews, published every year from 2020–21 onward.
Download reports CSRCorporate social
responsibility
Our policy under the Companies Act, 2013 — health, education, women's empowerment and the environment.
Read the policy