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
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

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