Railways has earned Rs 1059.05 billion from freight loading till Nov'22
RAILWAYS & METRO RAIL

Railways has earned Rs 1059.05 billion from freight loading till Nov'22

In mission mode, Indian Railways' freight loading and earnings for the first eight months of this fiscal year 2022–23 exceeded those for the same period the previous year.

On a cumulative basis from April to November 22, 978.72 MT of freight were loaded as opposed to 903.16 MT during the same time the previous year, an improvement of 8%. In comparison to the same period last year, the railways made Rs 1059.05 billion as opposed to Rs 911.27 billion, a 16% increase.

Originating freight loading reached 123.9 MT on November 22 as opposed to 116.96 MT on November 21. This represents an improvement of 5% from the previous year. In comparison to the Rs 122.06 billion in freight earnings on October 21, Rs 135.60 billion in freight revenue was realised, representing an improvement of 11% from the previous year.

Following the mantra "Hungry For Cargo," IR has consistently worked to make it easier to do business and to supply services at affordable costs, which has led to an increase in both traditional and non-traditional commodities streams using railways. Railways was able to achieve this historic feat because to the business development units' customer-centric strategy and hard effort, which was supported by agile policies.

Also read:
Fiscal viability no longer sole criterion for rail projects
KYeshwantpur Railway Station upgradation to start

In mission mode, Indian Railways' freight loading and earnings for the first eight months of this fiscal year 2022–23 exceeded those for the same period the previous year. On a cumulative basis from April to November 22, 978.72 MT of freight were loaded as opposed to 903.16 MT during the same time the previous year, an improvement of 8%. In comparison to the same period last year, the railways made Rs 1059.05 billion as opposed to Rs 911.27 billion, a 16% increase. Originating freight loading reached 123.9 MT on November 22 as opposed to 116.96 MT on November 21. This represents an improvement of 5% from the previous year. In comparison to the Rs 122.06 billion in freight earnings on October 21, Rs 135.60 billion in freight revenue was realised, representing an improvement of 11% from the previous year. Following the mantra Hungry For Cargo, IR has consistently worked to make it easier to do business and to supply services at affordable costs, which has led to an increase in both traditional and non-traditional commodities streams using railways. Railways was able to achieve this historic feat because to the business development units' customer-centric strategy and hard effort, which was supported by agile policies. Also read: Fiscal viability no longer sole criterion for rail projects KYeshwantpur Railway Station upgradation to start

Next Story
Equipment

Kobelco CE India Marks Milestone with 20,000th Excavator

Kobelco Construction Equipment India (KCEI), a subsidiary of Japan-based Kobelco Construction Machinery Co., has reached a significant production milestone by rolling out its 20,000th excavator at its manufacturing plant in Sri City, Andhra Pradesh. This facility serves both domestic and international markets, reinforcing India’s role as a key production center for Kobelco.Takemichi Hirakawa, Managing Director & CEO, Kobelco Construction Equipment India, said, ""Reaching the 20,000th excavator production milestone reflects our commitment to delivering high-quality construction equipment...

Next Story
Infrastructure Transport

Cabinet Approves Highway from JNPA to Chowk in Maharashtra

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the construction of a 6-lane access-controlled Greenfield High-Speed National Highway from JNPA Port (Pagote) to Chowk in Maharashtra. The 29.219 km project will be developed on a Build, Operate, and Transfer (BOT) toll model at an estimated cost of Rs 45 billion. As part of the PM Gati Shakti National Master Plan, the project aims to enhance road connectivity to major ports, addressing increasing container traffic at JNPA and the upcoming Navi Mumbai International Airport. Currently, heavy co..

Next Story
Infrastructure Urban

Effective Implementation of MGNREGA in the Last Decade

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), enacted in 2005, aims to enhance livelihood security in rural areas by guaranteeing at least 100 days of wage employment per year to willing adult members of rural households performing unskilled manual labour. Over the years, the government has significantly increased budget allocations for the scheme. From Rs 113 billion in 2006-07, the allocation rose to Rs 330 billion in 2013-14 and reached a record Rs 860 billion in 2024-25. During the COVID-19 pandemic in 2020-21, the government spent Rs 1,110 billion under MGNREG..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?