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

Tiwari Hata Wall Demolished for 3.5-km Heritage Corridor Project

The demolition of the boundary wall of the Tiwari Hata complex began late Tuesday night as part of the 3.5-kilometre Heritage Corridor project, a key initiative led by chief minister Yogi Adityanath to boost urban development in Gorakhpur. The Tiwari Hata property, once home to late politician Harishankar Tiwari, has recently gained renewed attention after the arrest of Samajwadi Party leader Vinay Shankar Tiwari in a money laundering case. PWD executive engineer AK Singh said demolition is underway in areas marked by the Public Works Department as part of the road widening effort. Some resi..

Next Story
Building Material

Arcelor Mittal Nippon Steel Plans Rs 600 Bn Green Steel Investment

ArcelorMittal Nippon Steel (AM/NS) India has unveiled a Rs 600 Bn investment plan aimed at expanding capacity, increasing the use of recycled scrap, and scaling up renewable energy to qualify for a three-star rating under India’s new carbon emission standards. The steelmaker said these steps align with India’s Green Steel Taxonomy, set to roll out in the financial year 2026–27. AM/NS India aims to become the first integrated steel company to achieve the top rating. Currently, sixty-five per cent of the company’s steel capacity comes from the Direct Reduced Iron method, which uses nat..

Next Story
Infrastructure Urban

Kaushalya Logistics Adds Katihar Depot to Boost Cement Distribution

Kaushalya Logistics has commenced operations at its latest facility in Katihar, Bihar, under the carrying and forwarding agent model for Ambuja Cements, part of the Adani Group. The move marks another step in the firm’s expansion in integrated logistics services. With the Katihar Depot, the company now operates fifteen depots under the CCFA model. The new facility is projected to handle over six thousand tonnes of cement every month, strengthening Ambuja Cements’ supply chain in eastern India. This addition brings Kaushalya Logistics’ total depots and rake points to one hundred and thr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?