Blog Entry# 2026311
Posted: Oct 17 2016 (06:47)
Last Response: Oct 17 2016 (06:47)
Commentary/Human InterestKR/Konkan -Oct 17 2016 (06:47) Kerala to give more equity for Konkan rail expansion
rdb*^ 129386 news posts
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.
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