Page 76 - KRCL ENglish

KRCL has issued bonds for long term borrowings to the tune of ` 1500 Crores
(` 1500 Crores) wherein letter of comfort has been issued by Ministry of Railways
in favor of lending agencies.

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

Purchase of 2,60,00,000 no.(2,60,00,000 no.) of Equity Shares at PAR value of
`10/- each at total cost of ` 26 Crore (` 26 Crore).

Bank Guarantee for ` 23,25,90,000/- issued by JDRL for performance of
construction agreement was encashed during the year by KRCL acting on behalf
of Ministry of Railways. This amount has been kept under liability payable to
Ministry of Railways.

57.7.3 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.

57.7.4 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.

Further Corporation had spent ` 38.38 Lakhs from CSR budget for the said
society.

57.7.5 The Key Managerial Personnel of the Corporation and their remuneration
(including Superannuation benets) are as below:

a) Shri Sanjay Gupta, Chairman and Managing Director (Period 01/04/2019 to
31/03/2020) Salary & Allowances: ` 0.69 Crores (` 1.12 Crores) including
Employer Contribution to PF: ` 0.09 Crore (` 0.24 Crore); Perks: Nil.

b) Shri Amitabh Banerjee, Director (Finance) (Period 01/04/19 to 12/10/2019)
Salary & Allowances: ` 0.39 Crores (` 1.04 Crore) including Employer
Contribution to PF: ` 0.04 Crore (` 0.24 Crore); Perks: Nil.

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