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Kutch Railway Company (KRC) was formed with equity contribution from RVNL, Kandla Port Trust(KPT), Mundra Port & SEZ Limited(MPSEZ) and Govt. of Gujarat(GoG) to under take gauge conversion of Gandhidham-Palanpur meter gauge of 301 Kms. KRC was incorporated on 22nd January'2004 under Companies Act, 1956. According to Memorandum of Association of KRC the Company shall finance, construct, operate, maintain and manage railway project and facilitate in particular the gauge conversion of Gandhidham - Palanpur. KRC executed Rs.500 cr project through equity(Rs.200 cr) received from shareholders and debt (Rs.300 cr) obtained from Banks.

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