Indian Railways revenue up 38% to Rs 95,486.58 crore till August-end





The overall revenue of at the end of August 2022 was Rs 95,486.58 crore, showing an increase of Rs 26,271.29 crore or 38 per cent over the corresponding period of last year, an official statement said on Sunday.


The revenue from passenger traffic was Rs 25,276.54 crore, an increase of Rs 13,574.44 crore (116 per cent) year-on-year.


Passenger traffic also increased compared to last year in both the segments — reserved and unreserved. The growth from the long distance reserved mail express trains has been sharper than the same in passenger and suburban trains, the Railways said.


The other coaching revenue stood at Rs 2,437.42 crore, higher by Rs 811.82 crore (50 per cent) over the corresponding period of last year.


This is being fuelled by robust growth in the parcel segment of Indian Railways, the statement added.


Goods revenue climbed by Rs 10,780.03 crore (or 20 per cent) to Rs 65,505.02 crore till August-end this year.


This has been achieved through incremental loading of more than 58 MT and 18 per cent growth in the net tonne-kilometers (NTKMs) during the period. Food grains, fertiliser, cement, mineral oil, container traffic and balance other goods segments have been important contributors in this growth, in addition to the coal transportation.


The sundry revenue was Rs 2,267.60 crore, showing an increase of Rs 1105 crore or 95 per cent over the corresponding period of last year, it added.


Railways’ total revenue during the entire last fiscal (2021-22) stood at Rs 1,91,278.29 crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Comments are closed.