Money & Banking

LIC subscribes to KRCL bonds

PTI Mumbai | Updated on January 20, 2018 Published on March 25, 2016

The Life Insurance Corporation of India (LIC) has subscribed to Konkan Railway Corporation Limited (KRCL) bonds of ₹250 crore, to enable some of its key projects.

Railway minister Suresh Prabhu had, on the 25th Foundation Day celebration of KRCL on October 15, announced the projects, which included electrification of Konkan Railway route, construction of new halt stations and passenger terminals, doubling of Konkan Railway route among others.

The Government of India PSU has drawn an ambitious plan to take up projects for betterment of the region, a press release issued by KRCL here said.

Published on March 25, 2016
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