This year Konkan Railway marks a significant milestone in its journey with 33 years of dedicated service to the Nation and 25 years of seamless operations. To celebrate this momentous occasion, the 33rd Foundation Day was organized at CIDCO Exhibition & Convention Centre in Vashi, Navi Mumbai.

Addressing the gathering, Shri. Sanjay Gupta, Chairman and Managing Director / Konkan Railway expressed his appreciation for the dedicated efforts of all employees, recognizing their unwavering commitment and encouraged them to persist with the same zeal and commitment. Furthermore, he provided an insightful overview of the accomplishments that Konkan Railway has achieved during the last 12 - 18 months.

• The Hon'ble Prime Minister flagged off the Goa - Mumbai CSMT Vande Bharat Express through Video Conferencing on 27th June, 2023.

• Hon'ble Minister of Railways conducted an inspection of the newly completed iconic Chenab bridge on 26th March 2023.

• The development of Madgaon Railway Station has been included in the Amrit Bharat scheme by the Ministry of Railways in July 2023.

• Konkan Railway has completed 100% Electrification of its route.

• Konkan Railway achieved the highest ever in the following fields:

  • Highest ever Passenger Revenue  – ₹962.43 cr

  • Highest ever Freight Revenue – ₹736.47 cr

  • Highest ever Project Revenue – ₹3274. 70 cr

  • Highest ever Gross Revenue – ₹5152.23 cr

  • Highest ever Net Profit – ₹278.93 cr

• This year Konkan Railway achieved a 30% increase in originating loading, which is the highest ever increase in originating loading and the revised target of the Railway Board was also achieved.

• An agreement was signed with MAHAPREIT for undertaking construction of cold storage & integrated pack house at Ratnagiri.

• In May 2023, an agreement was signed with BSNL, under which BSNL made a financial provision of an amount of ₹31 crore which is being earmarked for the renewal of the Fiber Optic line.

It is noteworthy to mention a few achievements of the Corporation in the last ten years, from 2013-14 to 2022-23.

• There has been a remarkable 93% surge in train operating turnover and revenue has almost doubled, elevating from ₹972 cr to ₹1,877 cr.

• The project turnover has undergone a staggering 836% ascent, surging from ₹350 crore to ₹3,274 crore, effectively growing nearly 8 to 9 times. Notably, the revenue from the USBRL project reached ₹1,757 crore during the period from 2003-04 to 2012-13, and soared to ₹11,400 crore from 2013-14 to 2022-23.

• Equity witnessed an impressive growth, doubling from ₹806 crore to ₹1,785 crore, reflecting a remarkable increase of 121%.

• The Total Capital Expenditure (CAPEX) during the period 1998-99 to 2012-13 amounted to ₹683 crore, and it increased to ₹3,026 crore in the subsequent years, covering the period from 2013-14 to 2022-23.

• The total profit over the span of 2013-14 to 2022-23 amounted to ₹756 cr, including the significant loss incurred during the challenging COVID pandemic year.

• In December 2017, the second financial restructuring was approved by the Ministry of Railway , under which a debt of ₹4080 crore, was converted to equity .

Furthermore, in addition to these developments, several noteworthy new projects were undertaken by Konkan Railway: 

• In March 2018, the Multi Modal Logistic Park with ICD facility at Balli, Goa was inaugurated.

• In October 2019, Provision for PET Coke loading was made available for MRPL at Thokur.

• In March 2017, construction work of the new factory began in Lote, Ratnagiri.

• In February 2018, a contract was undertaken for the construction work of VISL Port Rail Link of Kerala.

• In May 2020, a contract was undertaken for road tunnel construction work in Kerala.

It is the tireless efforts and commitment of all Employees that have fueled the remarkable progress and growth of the Corporation. In recognition of the dedication and exemplary performance, Awards & Commendation Certificates were distributed to Officers and Staff of Konkan Railway during the event.

Konkan Railway always practices Safety First and is dedicated to ensuring a safe and comfortable journey for all passengers traveling along the route.