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% |