Indian Railways' FY22 operating ratio: 107.39%

11 Aug 2023 CW Team

The latest Comptroller and Auditor General (CAG) report has brought to light Indian Railways' financial performance for the fiscal year 2021-22, revealing an operating ratio of 107.39%. This figure, which represents the ratio of working expenses to traffic earnings, signifies a decreased capacity to generate a surplus. The report, presented in Parliament, offers an analytical overview of Indian Railways' finances and accounts, using the audited accounts for the year ended March 31, 2022.

The CAG's report highlights a loss of $682.69 billion across all classes of passenger services in the fiscal year 2021-22. However, the auditor pointed out that this loss demonstrated a reduction compared to the previous year.

Notably, the entire profit of $391.96 billion garnered from freight traffic was allocated to cross-subsidize and compensate for the losses incurred through passenger and other coaching services. During 2021-22, the passenger operations' loss of $320.73 billion remained uncovered, according to the report.

The CAG's report underlines that the operating ratio of 107.39% in FY22 marks a significant increase from the 97.45% recorded in the previous fiscal year, indicating a diminished ability to generate surplus. This inability to generate net surplus during 2021-22 contrasts with the performance in 2020-21, where the operating ratio was 97.45%.

The report sheds light on the financial challenges faced by Indian Railways, particularly in the context of passenger services. The operating ratio serves as a key indicator of the railways' financial health, and the upward trend raises concerns about its ability to effectively manage expenses and generate revenues.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..