
- KRC was incorporated on 22nd January'2004 under Companies Act, 1956.
According to Memorandum of Association of KRC the Company shall finance, construct,
operate, maintain and manage railway project and facilitate in particular the gauge
conversion of Gandhidham - Palanpur. KRC executed Rs.500 cr project through equity(Rs.200
cr) received from shareholders and debt (Rs.300 cr) obtained from Banks.
- Under a concession agreement signed on 8th November 2005, Ministry of
Railways (MoR) had leased all the assets including land, buildings, bridges, etc.
on the above line to KRC for a period of 32 years and authorized KRC to finance,
construct, operate, maintain and manage the Palanpur - Gandhidham section.
- KRC is carring out the operations and maintenance of the rail line through Western Railway (WR), as their nominated operator.
Brief Profile:-
Ministry of Railways under National Rail Vikas Yojana has embarked upon strengthening
of rail connectivity to various ports. Recent developments in ports in Gandhidham
area have established need for additional freight corridor to northern hinterland.
Accordingly, Ministry of Railways(MoR) decided to convert existing meter gauge line
between Gandhidham and Palanpur (301Kms). After Rail Vikas Nigam Limited(RVNL),
a PSU under Ministry of Railways came into being, this project was transferred to
RVNL for execution. RVNL set up a Special Purpose Vehicle for gauge conversion of
Gandhidham–Palanpur and Kutch Railway Company (KRC) was formed with equity
contribution from RVNL, Kandla Port Trust(KPT), Mundra Port & SEZ Limited(MPSEZ)
and Govt. of Gujarat(GoG) to under take gauge conversion of Gandhidham-Palanpur
meter gauge of 301 Kms. The Shareholders have contributed to the share capital of
Rs.200 Crores to form KRC as following:-
Sl. No.
|
Shareholders
|
Contribution share (in %)
|
Contribution as Equity by Shareholders (Rs. in crores)
|
1
|
RVNL
|
50 %
|
100 Cr.
|
2
|
KPT
|
26 %
|
52 Cr.
|
3
|
MPSEZ
|
20 %
|
40 Cr.
|
4
|
GOG
|
4 %
|
8 Cr.
|
|
Total
|
100%
|
200 Cr.
|
KRC Man-Power :-
S.no | Cadre Postion | No. of Staff |
DELHI (Regd. & Corporate Office) : | ||
1. | Managing Director | 01 |
2. | General Manager | 01 |
3. | Company Secretary | 01 |
4. | DGM (F&A) | 01 |
5. | Advisor (Technical) | 01 |
6. | Advisor (Traffic) | 01 |
7. | Sr. Executive | 02 |
8. | PS | 03 |
9. | Driver | 01 |
10. | Peons | 03 |
AHMEDABAD (Project Office) : | ||
11. | Advisor (Technical) | 01 |
12. | Office Superintendent | 01 |
13. | Sr. Executive | 01 |
14. | Peons | 01 |
GANDHIDHAM (Control Office) : | ||
15. | Manager (Operations) | 01 |
16. | Office Assistant | 03 |
17. | Peon | 01 |
Department-wise number of Railway Staff deployed on KRC section | ||
18. | ENGINEERING | 593 |
19. | WORKS | 29 |
20. | S&T | 94 |
21. | OPERATING | 355 |
22. | ELECTRICAL | 29 |
23. | Commercial & Personnel | 9 |
TOTAL | 1109 |
Copyright©Kutch Railway Company Limited Designed & Developed by Simson Softwares Pvt. Limited.