NTPC to fund doubling of rail section in Karnataka.

NTPC Ltd. has signed an agreement with South Western Railway for doubling of the Hotgi-Kudgi section under the Customer Funding Concession scheme.

NTPC has agreed to finance the cost of doubling of the 134 km section and has deposited Rs. 946 crore with the South Western Railway.

The section consists of 10 block stations, 8 major bridges and 2 important bridges. 'The work for the doubling has already been started and the project is targeted for completion by March 2020,' an official statement said.

'The augmented rail infrastructure, apart from catering to the coal transportation requirements of the 4,000 MW power project of NTPC in Kudgi, is also expected to give a big fillip to the economic activities in Northern Karnataka,' the statement added.

HBL