+
For FY 2022-23, Railways reports record revenue of Rs. 2.40 trillion
RAILWAYS & METRO RAIL

For FY 2022-23, Railways reports record revenue of Rs. 2.40 trillion

For the fiscal year 2022-2023, Indian Railways reported record revenue of Rs 2.40 trillion. This is a 25% increase over the previous year that is more than Rs 490 billion. Freight income increased to Rs 1.62 trillion during this fiscal year, an increase of over 15% from the previous year. Passenger revenue for Indian Railways has increased by an all-time high 61% to reach Rs 633 billion. Indian Railways is able to cover all pension costs after three years. Revenue buoyancy and strict expense control have made it possible to achieve an operating ratio of 98.14%, which is well within the RE target. After paying for all revenue-related expenses, Railways generated Rs 32 billion from internal resources for capital investment.

Indian Railways generated Rs 633 billion in traffic income in 2022-23 as opposed to Rs 392.14 billion in 2021-22, a 61% increase from the previous fiscal year. Sundries revenue was Rs 84.40 billion during FY 22-23 as compared to Rs 60.67 billion in 2021-22, which is 39% higher than the previous year. Indian Railways received Rs 59.51 billion as other coaching revenue in 2022-23 as against Rs 48.99 billion during 2021-22, which is 21% greater than the last financial year. Gross revenue for 2022-23 was Rs 2,398 billion as against Rs 1,912.78 billion for 2021-22. Additionally, gross traffic receipts were Rs 2,397.50 billion as against Rs 1,912.06 billion in 2021-2022. In comparison to Rs 1,913.67 billion in 2021-2022, the total railway receipt in 2022-23 is Rs 2,398.92 billion.

In comparison to 2021-2022, total railway spending in 2022-23 was Rs 2,373.75 billion. In fiscal year 2022-23, the operating ratio is 98.14%. The network's capacity was increased with an investment of Rs 1 trillion. The biggest ever commissioning of new lines, doubling/multi-tracking, etc. occurred in FY23, totaling 5243 km. With an investment of Rs 66.57 billion, 6,565 km of track were electrified, helping the railways move closer to attaining their target of 100% electrification in the current fiscal year.

The railroads place the utmost importance on safety. Various safety projects received investments of Rs 118 billion under Rashtriya Rail Sanrakhsa Kosh in FY23. While acknowledging the necessity to replace old assets, the government has allocated Rs 100 billion, and the railways have also contributed Rs 18 billion from internal funds for the upgrade of depreciated assets. Tracks, bridges, grade separators, and other safety-related infrastructure were strengthened with a total cost of Rs 259.13 billion.

Rapid progress in these projects has been secured by the larger spending in DFC and the Mumbai- Ahmedabad bullet train project. Both NHRSCL and DFCCIL received funding in the amount of Rs 120 billion. Vande Bharat is being proliferated on the system. Purchase of wagons increased by 77.6% over the prior year to 22,747 wagons. For increased loading capacity and improved passenger comfort, modern rolling stock worth Rs 442.91 billion was purchased.

For the fiscal year 2022-2023, Indian Railways reported record revenue of Rs 2.40 trillion. This is a 25% increase over the previous year that is more than Rs 490 billion. Freight income increased to Rs 1.62 trillion during this fiscal year, an increase of over 15% from the previous year. Passenger revenue for Indian Railways has increased by an all-time high 61% to reach Rs 633 billion. Indian Railways is able to cover all pension costs after three years. Revenue buoyancy and strict expense control have made it possible to achieve an operating ratio of 98.14%, which is well within the RE target. After paying for all revenue-related expenses, Railways generated Rs 32 billion from internal resources for capital investment. Indian Railways generated Rs 633 billion in traffic income in 2022-23 as opposed to Rs 392.14 billion in 2021-22, a 61% increase from the previous fiscal year. Sundries revenue was Rs 84.40 billion during FY 22-23 as compared to Rs 60.67 billion in 2021-22, which is 39% higher than the previous year. Indian Railways received Rs 59.51 billion as other coaching revenue in 2022-23 as against Rs 48.99 billion during 2021-22, which is 21% greater than the last financial year. Gross revenue for 2022-23 was Rs 2,398 billion as against Rs 1,912.78 billion for 2021-22. Additionally, gross traffic receipts were Rs 2,397.50 billion as against Rs 1,912.06 billion in 2021-2022. In comparison to Rs 1,913.67 billion in 2021-2022, the total railway receipt in 2022-23 is Rs 2,398.92 billion. In comparison to 2021-2022, total railway spending in 2022-23 was Rs 2,373.75 billion. In fiscal year 2022-23, the operating ratio is 98.14%. The network's capacity was increased with an investment of Rs 1 trillion. The biggest ever commissioning of new lines, doubling/multi-tracking, etc. occurred in FY23, totaling 5243 km. With an investment of Rs 66.57 billion, 6,565 km of track were electrified, helping the railways move closer to attaining their target of 100% electrification in the current fiscal year. The railroads place the utmost importance on safety. Various safety projects received investments of Rs 118 billion under Rashtriya Rail Sanrakhsa Kosh in FY23. While acknowledging the necessity to replace old assets, the government has allocated Rs 100 billion, and the railways have also contributed Rs 18 billion from internal funds for the upgrade of depreciated assets. Tracks, bridges, grade separators, and other safety-related infrastructure were strengthened with a total cost of Rs 259.13 billion. Rapid progress in these projects has been secured by the larger spending in DFC and the Mumbai- Ahmedabad bullet train project. Both NHRSCL and DFCCIL received funding in the amount of Rs 120 billion. Vande Bharat is being proliferated on the system. Purchase of wagons increased by 77.6% over the prior year to 22,747 wagons. For increased loading capacity and improved passenger comfort, modern rolling stock worth Rs 442.91 billion was purchased.

Next Story
Resources

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Next Story
Real Estate

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Next Story
Real Estate

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement