Indian Railways earns Rs 6000 more in first 33 days of current FY
RAILWAYS & METRO RAIL

Indian Railways earns Rs 6000 more in first 33 days of current FY

According to the Ministry of Railway, Indian Railways have earned nearly as much as Rs 6000 more in the first 33 days of the current financial year (FY), against the earnings in the same period last year.

In the period of 1 April to 3 May, the Indian Railways has registered substantial growth in earnings in the first 33 days of the current FY. In this period, an incremental growth was recorded in both loadings and passenger segments.

Indian railways seem to have maintained their momentum leading to a favourable result. With the revival of economic activity, continued efforts are being made to boost more coaches and wagons to carry more passengers and goods by the Indian Railways.

The Railway Ministry official told the media that about 300 more coaches are being added in different trains to carry passengers besides operating many summer specials to clear rush in April.

Between 1 April and 3 May this year, the railways carried 810 lakh passengers in the reserved class and 4,075 lakh in the unreserved class, against 343 lakh passengers in the reserved class and 1,814 lakh in the unreserved class in the same period previous year.

The passenger earnings have also grown in this period as the railways earned Rs 5,313.13 crore during the 33 days of the current financial year against 1,783.52 crores in the same period last FY.

The loadings in coal, fertiliser, cement, petroleum products, and foodgrains have also displayed an increase in this period resulting in more additional revenue for the public transporter.

The railways carried as much as 134.3 million tonnes (mt) in 33 days in 2022-23, as compared to 122 mt in the same period in 2021-22 in the goods sector.

During this period, the national transporter earned Rs 14,313.65 crore in goods loadings, as compared to Rs 12,205.94 crore for the corresponding period last year. In this period, the railways earned Rs 362 crore as sundry earnings.

Image Source

Also read: Railways deploys 86% of open wagons for coal transportation

According to the Ministry of Railway, Indian Railways have earned nearly as much as Rs 6000 more in the first 33 days of the current financial year (FY), against the earnings in the same period last year. In the period of 1 April to 3 May, the Indian Railways has registered substantial growth in earnings in the first 33 days of the current FY. In this period, an incremental growth was recorded in both loadings and passenger segments. Indian railways seem to have maintained their momentum leading to a favourable result. With the revival of economic activity, continued efforts are being made to boost more coaches and wagons to carry more passengers and goods by the Indian Railways. The Railway Ministry official told the media that about 300 more coaches are being added in different trains to carry passengers besides operating many summer specials to clear rush in April. Between 1 April and 3 May this year, the railways carried 810 lakh passengers in the reserved class and 4,075 lakh in the unreserved class, against 343 lakh passengers in the reserved class and 1,814 lakh in the unreserved class in the same period previous year. The passenger earnings have also grown in this period as the railways earned Rs 5,313.13 crore during the 33 days of the current financial year against 1,783.52 crores in the same period last FY. The loadings in coal, fertiliser, cement, petroleum products, and foodgrains have also displayed an increase in this period resulting in more additional revenue for the public transporter. The railways carried as much as 134.3 million tonnes (mt) in 33 days in 2022-23, as compared to 122 mt in the same period in 2021-22 in the goods sector. During this period, the national transporter earned Rs 14,313.65 crore in goods loadings, as compared to Rs 12,205.94 crore for the corresponding period last year. In this period, the railways earned Rs 362 crore as sundry earnings. Image Source Also read: Railways deploys 86% of open wagons for coal transportation

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000