Konkan Railway Corporation has earned profit after tax profit of Rs 1.10 crore for the year 2013-14. The corporation had incurred a massive loss of Rs 235.41 crore for the year 2012-13. However, the loss in FY13 was mainly on account of exceptional item of Rs.172.08 crore which includes provision towards pension liability of earlier years of Rs.139.92 crore and impairment loss of Rs.32.16 crore. The corporation clocked a turnover of Rs 1,242.25 crore for FY 14 as against Rs.1,125.93 crore in FY13.
KRCL is a government owned company in which government of India holds 51% equity capital while state governments of Maharashtra, Karnataka, Goa and Kerala hold balance equity. Apart from owning 760 km long railway track between Roha and Mangalore, KRCL also undertakes various construction and consultancy projects related to the construction of tunnels, roads, bridges, etc.
