The Kerala government has decided to pitch in additional equity of Rs. 216 crore for the expansion of the Konkan Railway.
It has also agreed to the proposal to increase the present authorised share capital of the Konkan Railway Corporation (KRC) from Rs.4,885.98 crore to Rs.8,485.98 crore.
The Rs. 216-crore sanctioned by the Cabinet recently represents the State’s share of the additional equity infusion of Rs.3,600 crore for increasing the authorised capital.
The government has also given in-principle sanction for the convening of the shareholders meeting to decide on this.
Konkan Railway Corporation has decided to go in for doubling and electrification to increase rail traffic efficiency all along the Konkan route.
It has also agreed to the proposal to increase the present authorised share capital of the Konkan Railway Corporation (KRC) from Rs.4,885.98 crore to Rs.8,485.98 crore.
The Rs. 216-crore sanctioned by the Cabinet recently represents the State’s share of the additional equity infusion of Rs.3,600 crore for increasing the authorised capital.
The government has also given in-principle sanction for the convening of the shareholders meeting to decide on this.
Konkan Railway Corporation has decided to go in for doubling and electrification to increase rail traffic efficiency all along the Konkan route.