RailPost Bureau
October 30, 2019
Konkan Railway (KR) is likely to complete the doubling of its 46-km Roha – Veer section is by March 2020.
The construction works of 10 new stations – Indapur, Goregoan Road, Sape Wamane, Kalbani, Kadwai, Verawali, Kharepatan, Achirne, Mirjan, Innanje and eight loop lines is also likely to be done by March 2020 according to a statement by KR.
Of this, five additional loop lines at Anjani, Sawarda, Rajapur Road, Vaibhavwadi Road and Murdeshwar stations have already been commissioned.
Electrification works of entire Konkan Railway route is in progress and is likely to be completed by March 2021 with the estimated cost of Rs 1100 crore.
Projects undertaken
During the last year KR completed excavation works for the 10.26 km tunnel on the 53.6 km Udhampur-Srinagar-Baramulla rail link project. Construction works of bridges over Anji and Chenab rivers are in progress.
Other projects executed include a new railway line of 11 km at NTPC Gadarwara project in record time. This line has a 366 metre long bridge on Shakkar River.
Konkan Railway had bagged the contract for conducting engineering survey of the proposed new railway line between Raxaul in Bihar,India and Kathmandu, the capital of Nepal. This has been completed successfully and submitted to Nepal. An MOU has also been signed with Nepal Railway on May 10 2019 for providing two sets of DEMU rakes. These rakes will be handed over to Nepal by January 2020.
FY19 financials
For the fiscal FY19, Konkan Railway booked a net profit of Rs 102 crore a 17 per cent decrease year-on-year.
Its top line was Rs 2898 crore up 17 per cent year-on-year. Of this, rail traffic operations contributed Rs 1264 crore , an increase of 6.9 per cent from the year ago period. Income from projects was Rs 1561 crore up 24 per cent yoy.
Other income was up 59 per cent Rs 73 crore. However, expenses grew 18 per cent overall at Rs 2796 crore with escalation of 11 per cent in train operation expenses, 25 per cent in project cost, 17 per cent in employee cost and 16 per cent depreciation being the main contributors.