Page 222 - KRCL ENglish

st
Notes forming part of the Standalone Financial Statements as at 31 March, 2020

Construction of Rolling Stock
Central Railway Component Factory 53.23 6.25

Raxaul Kathmandu Railway Line
East Central Railway Project 0.04 0.9
Vizhinjam International Seaport Limited Seaport Rail Connectivity 0.74 2.89

Kerala Rail Development Corporation Limited Mysore-Thalassery PET Survey 1.30 1.57
RVNL Madgaon-Majorda Doubling Work 20.01 1.58

MSEZL Construction of Flyover and ROB 3.32 2.31

MRPL Construction of Railway Siding 13.39 20.98
KRCL has issued bonds for long term borrowings to the tune of ` 1500 Crore (` 1500
Crore) wherein letter of comfort has been issued by Ministry of Railways in favor of
lending agencies.

43.2 Investment in associate company Jaigarh Digni Rail Limited- 26% holding

Purchase of 2,60,00,000 (2,60,00,000 ) of Equity Shares at par value of ` 10/- each at
total cost of ` 26 Crore (` 26 Crore).

Note : Bank Guarantee for ` 23.26 Crore issued by JDRL for performance of
construction agreement was encashed during the year by KRCL as per direction of
Ministry of Railways and the amount is kept under current liability payable to Ministry
of Railways.

43.3 Loan to Konkan Railway Welfare Organization (KRWO)

Loan has been given to Konkan Railway Welfare Organization (KRWO) formed for the
welfare for the employees of Corporation. As on 31st March 2020, total amount
receivable from KRWO is ` 26.67 Crore (` 24.04 Crore) including interest amounting to
` 1.42 Crore for current year. The loan has been classied as unsecured pending
execution of mortgage deed in favour of the corporation. The KRWO has executed
simple mortgage instead of registered mortgage deed in favour of the Corporation as
per the terms and conditions of the sanction. The loan has been classied as
unsecured.

43.4 Ramakrishna Hegde Skill Development Centre (RHSDC)

RHSDC is a society registered under Karnataka Societies Registration Act 1969 at
Udupi , Karnataka with an object to setting up of training centre for imparting training in
Mechatronics to engineering students and industry professionals.

220