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Blog Entry# 2026311  
Posted: Oct 17 2016 (06:47)

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Last Response: Oct 17 2016 (06:47)
  
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Commentary/Human InterestKR/Konkan  -  
Oct 17 2016 (06:47)   Kerala to give more equity for Konkan rail expansion
 

rdb*^   129386 news posts
Entry# 2026311   News Entry# 283221         Tags   Past Edits
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
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government has also given in-principle sanction for the convening of the share holders’ 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.
The amount is the State’s share of additional equity infusion for increasing authorised capital

  
1293 views
Oct 17 2016 (06:47)
rdb*^   31287 blog posts   374602 correct pred (80% accurate)
Re# 2026311-1            Tags   Past Edits
Good news~

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