Konkan Railway Celebrates 33rd Foundation Day with Remarkable Milestones

Konkan Railway, a name synonymous with seamless rail operations and dedication to the nation, is commemorating a momentous occasion – its 33rd Foundation Day and 25 years of uninterrupted service. The celebration of this remarkable journey took place at the CIDCO Exhibition & Convention Centre in Vashi, Navi Mumbai.

During the event, Sanjay Gupta, Chairman and Managing Director of Konkan Railway, applauded the unwavering commitment and dedicated efforts of all employees. He encouraged them to persist with the same zeal and commitment that has defined the organization’s success over the years. Additionally, Shri. Gupta provided valuable insights into the impressive accomplishments achieved by Konkan Railway in the last 12-18 months.

Some of the noteworthy achievements highlighted during the celebration included:

1. Flagging off of Goa-Mumbai CSMT Vande Bharat Express: The Hon’ble Prime Minister inaugurated this significant train through video conferencing on June 27, 2023.
2. Inspection of the Chenab Bridge: The Hon’ble Minister of Railways conducted an inspection of the newly completed iconic Chenab Bridge on March 26, 2023.
3. Madgaon Railway Station Development: In July 2023, the development of Madgaon Railway Station was included in the Amrit Bharat scheme by the Ministry of Railways.
4. 100% Electrification: Konkan Railway has successfully achieved 100% electrification of its route.
5. Record Revenue Achievements: Konkan Railway reached record highs in various revenue categories, including Passenger Revenue, Freight Revenue, Project Revenue, Gross Revenue, and Net Profit.
6. Originating Loading Increase: The organization achieved a remarkable 30% increase in originating loading, exceeding the Railway Board’s revised target.
7. Strategic Agreements: Konkan Railway signed agreements with MAHAPREIT for the construction of a cold storage and integrated pack house at Ratnagiri, and with BSNL for fiber optic line renewal.

The Corporation’s accomplishments over the last decade are equally impressive:

1. Train Operating Turnover: A 93% surge in train operating turnover.
2. Project Turnover: An astounding 836% increase in project turnover.
3. Equity Growth: Equity doubled, reflecting a 121% increase.
4. Total Capital Expenditure (CAPEX): CAPEX increased significantly, covering a broad time span.
5. Total Profit: Despite challenges, a total profit of ₹756 crore was achieved.
6. Financial Restructuring: The Ministry of Railways approved a significant debt-to-equity conversion.

In addition to these milestones, several notable new projects were undertaken by Konkan Railway over the years, enhancing connectivity and infrastructure in the region.

The celebration also recognized the dedication and exemplary performance of Konkan Railway’s officers and staff, who received Awards and Commendation Certificates for their tireless efforts.

Konkan Railway’s unwavering commitment to safety and passenger comfort remains a top priority, ensuring a secure and pleasant journey for all travelers.