About KRC Company Info
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, Deendayal Port Trust and Adani Ports & SEZ Ltd. 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:-