<h1>Cabinet Approves Financial Restructuring of Konkan Railway to Boost Net Worth and Credit Rating, Avoiding 'Sick Company' Status.</h1> The Cabinet Committee on Economic Affairs has approved the second financial restructuring of Konkan Railway Corporation Limited (KRCL), converting Rs. 4,079.51 crore of Non-Cumulative Redeemable Preference Shares into Compulsorily Convertible Non-Cumulative Preference Shares. This conversion aims to maintain a positive net worth for KRCL, essential for raising funds, obtaining better credit ratings, and qualifying for new contracts. The restructuring aligns with the new Indian Accounting Standards (IND AS), preventing KRCL from being classified as a sick company, which would hinder its financial and operational capabilities.