IR and Chhattisgarh government JV to build Rs 100 billion worth of rail corridors

The JV of IR and the Chhattisgarh government – Chhattisgarh Railway Corporation Limited – has decided to build two fully electrified rail corridors — the 294 km Katghora-Dongargarh corridor worth Rs 48.2 billion and the 260 km Kharsia-Naya Raipur corridor worth Rs 49 billion — to cater to the coal and cement belts of Korba and Raigarh. While IR has a 41 per cent stake in the venture, the rest is owned by the state government.