Krishnapatnam Railway Company Limited was incorporated as an ‘Special Purpose Vehicle’ (SPV) on October 11, 2006 under Companies Act, 1956 with the objective of Construction, Operation & Maintenance of the 114 Km New BG Electrified Rail Line (a Green Field Project) from Krishnapatnam to Obulavaripalle.

The signatories of MoU dt. 22/11/2005 became the shareholders of the Company. Other Private sector shareholder (selected through EoI) and PSU shareholders joined the Company as strategic shareholders at a later stage. As on 31/12/2019 the total paid up share capital of the Company is Rs. 625 Cr. out of which a total capital of Rs. 511 Cr. (i.e. 81.76%) is held by the Govt./Govt. PSUs. The details of shareholding of the Company is produced below:

Name of Shareholder Share capital (Rs. In Crore) %age of Shareholding
Govt./Govt. PSUs
Rail Vikas Nigam Limited 311.00 49.76%
Sagarmala Development Co. Ltd. 125.00 20.00%
National Mineral Development Corporation Ltd. 40. 00 06.40%
Govt. Of Andhra Pradesh 35. 00 05.60%
Non Govt.:
Krishnapatnam Port Company Ltd. (KPCL) 81. 00 12.96%
Bramhani Industries Ltd. 33. 00 05.28%
Total 625.00 100%