Overview

• Maharashtra has become the last shareholder state to approve the merger of Konkan Railway Corporation Ltd (KRCL) with Indian Railways.
• The approval is contingent on the reimbursement of Rs 396.54 crore, representing Maharashtra's equity contribution to KRCL.
• The iconic name ‘Konkan Railway’ will be retained post-merger, preserving its regional identity and historical significance.
• The merger aims to address KRCL’s financial constraints, enhance operational efficiency, and enable infrastructure expansion along the 741-km coastal route.
• With approvals from Karnataka, Goa, Kerala, and now Maharashtra, the Railway Board is set to initiate the formal merger process.