Railway revenue surpasses Rs 1.5 tn as freight hits Rs 1 tn Mark
RAILWAYS & METRO RAIL

Railway revenue surpasses Rs 1.5 tn as freight hits Rs 1 tn Mark

The revenue of the Railways is poised to surpass Rs 1.5 trillion, a day after freight earnings reached the Rs 1 trillion milestone.

While overall revenues have increased by 6.5% during the current fiscal year, they fall short of the annual growth target of over 9% for 2023-24. Railway officials, nonetheless, express confidence that the annual target will be achieved as goods loading is expected to rise post-rains, given the sustained buoyancy in economic activity.

In the financial year up to October 13, passenger revenue reached Rs 431.01 billion. Reserved passengers played a significant role in generating 7% higher earnings of Rs 318.75 billion, despite a 4.7% decrease in the number of passengers to 474 million. This suggests that the revenue per passenger has increased, particularly with the introduction of trains such as Vande Bharat.

Earnings from the unreserved category increased by 3.8% to Rs 113.26 billion, accompanied by a 12% rise in traffic to 3.66 billion.

In terms of volume, freight loading saw a 3.7% increase to 940 MT during the fiscal year up to October 14, according to data sourced from the railways. Revenue from coal, a key component, witnessed a 3.3% rise to nearly Rs 510 billion, while loading increased by 5.5% to 463 million tonnes.

The revenue of the Railways is poised to surpass Rs 1.5 trillion, a day after freight earnings reached the Rs 1 trillion milestone. While overall revenues have increased by 6.5% during the current fiscal year, they fall short of the annual growth target of over 9% for 2023-24. Railway officials, nonetheless, express confidence that the annual target will be achieved as goods loading is expected to rise post-rains, given the sustained buoyancy in economic activity. In the financial year up to October 13, passenger revenue reached Rs 431.01 billion. Reserved passengers played a significant role in generating 7% higher earnings of Rs 318.75 billion, despite a 4.7% decrease in the number of passengers to 474 million. This suggests that the revenue per passenger has increased, particularly with the introduction of trains such as Vande Bharat. Earnings from the unreserved category increased by 3.8% to Rs 113.26 billion, accompanied by a 12% rise in traffic to 3.66 billion. In terms of volume, freight loading saw a 3.7% increase to 940 MT during the fiscal year up to October 14, according to data sourced from the railways. Revenue from coal, a key component, witnessed a 3.3% rise to nearly Rs 510 billion, while loading increased by 5.5% to 463 million tonnes.

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