The Karnataka Government on December 17 said though it is willing to relinquish its stake in Konkan Railway Corporation Limited, a joint venture of Railway Ministry and other four State governments, to pave the way for its merger with Indian Railways, the Railway Ministry is yet to offer a better exit option.
Railways ask shareholding States to either fund Konkan railway expansion or relinquish their share
Responding to a calling attention motion by Kundapura MLA A. Kiran Kumar Kodgi in the Legislative Assembly on behalf of Infrastructure Development Minister M. B. Patil in Belagavi, Revenue Minister Krishna Byre Gowda said Karnataka holds about 11% share in KRCL. At the present rate, the value of shares is about ₹270 crore.
Revenue Minister Krishna Byre Gowda responds to a calling attention motion by Kundapura MLA A. Kiran Kumar Kodgi on behalf of Infrastructure Development Minister M.B. Patil in the Legislative Assembly in Belagavi, on December 17, 2025. | Photo Credit: VIDEO GRAB
The government of Karnataka had asked the Ministry to offer a better exit option, but so far there was no response, Mr. Gowda said. “Let the Ministry give an offer, maybe full repayment, partial repayment, or no repayment. The government is open on the issue, and would take a suitable decision even if the finance department rejects ‘no repayment’ proposal,” the Minister said.
