Konkan Railway Corporation is planning to complete the construction of 10 new stations, including two in Karnataka, by December 2019.

It is constructing railway stations at Indapur, Goregoan Road, Sape Wamane, Kalbani, Kadwai, Verawali, Kharepatan, Achirne, Mirjan and Innanje, and eight loop lines along its network. Of the 10 stations, Mirjan and Innanje are in Karnataka. According to a Konkan Railway release, it is constructing a railway siding for Mangalore Refinery and Petrochemicals Ltd in Mangaluru. Electrification of the entire Konkan Railway route is in progress at an estimated cost Rs. 1,100 crore, and will be completed by 2020. Work on doubling the 46-km stretch between Roha and Veer will be completed by December 2019.

The Ministry of Railways has given approval for raising the authorised equity share capital of the Konkan Railways from Rs. 806.47 crore to Rs. 4,000 crore for the execution of ongoing projects and capacity augmentation of the route, the release said.

The Konkan Railways, which celebrated its 28th Foundation Day on October 15, has recorded a net profit of Rs. 126 crore during 2017-18, which is double that of the previous fiscal. The company had recorded a turnover of Rs. 2,483 crore during 2017-18, up 15 per cent.

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