Page 290 - KRCL ENglish

Notes forming part of the Consolidated Financial Statements

3.8. Likewise interest amounting to `24.79 Crore (`1.60 Crore) on Rupee Term Loan from
State Bank of India and Export Import bank of India for its capital project of Route
Electrication and Roha to Veer Doubling Project is charged to related Project.

3.9. The Corporation has entered into a Rupee Term Loan Agreement for `1200 Crore loan
for 20 years tenure on 9th April, 2017 with State Bank of India and EXIM Bank for its
Route Electrication and Roha to Veer Doubling Project. The interest rate applicable is
one year MCLR of SBI, with annual reset. KRCL has availed `581.94 crore (` 189.08
crore) as on 31st March 2020.

3.10. Depreciation related to Asset used in USBRL Project is charged to the Project.
Depreciation related to asset used for Route electrication and Doubling project is
charged to respective CWIP.

3.11. During the course of execution of deposit work relating to development of railway
facilities for the customers, certain asset are created on the land of KRCL, the cost of
which is recovered from the customers. However, as per the agreement the
ownership of such property always rest with the KRCL and the customer has only right
to use.

As no cost is borne by KRCL such properties are continued at zero cost.

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