Title - Konkan Railway bags 'Turnaround Trophy'

MANGALORE: Konkan Railway has added another feather to its cap by bagging the 'Turnaround Trophy' from the department of public enterprises, ministry of heavy industries recently.Konkan Railway was an engineering marvel built on BOT (Build, Operate and Transfer) principle. The project, commenced in the 1990 and completed in 1998 with a cost of Rs 3,555 crore, serves the states of Maharashtra, Karnataka, Goa and Kerala and has brought about radical social and economical changes.Though the project underwent cost and time overruns, it had Operational Surplus from 1998 itself. Due to its heavy financial burden the Konkan Railway Corporation was listed as Sick & Loss Making PSU.However, with meticulous business strategy, proper control over expenditure despite of implementing 6th Pay Commission Pay Scales to its employees, Konkan Railway emerged out to be a profit making organization for the first time in its history in the year 2009-10, under the leadership of Bhanu Prakash Tayal who took over the charge of the post of MD, KRCL in September 2009.The 'Turnaround Trophy' was received by BP Tayal from Nitish Sengupta, former secretary to Government of India and now the chairman of board for Reconstruction of Public Sector Enterprises (BRPSE) at New Delhi recently.