+
Indian Railways Has 4% Revenue Growth, Plans Freight Rate Adjustments
RAILWAYS & METRO RAIL

Indian Railways Has 4% Revenue Growth, Plans Freight Rate Adjustments

Indian Railways has earned Rs 2.04 trillion so far this fiscal year, surpassing last year's earnings for the same period by 4%. This includes Rs 589.27 billion from coaching, Rs 1.33 trillion from goods, and Rs 74.42 billion from sundry sources such as parking, catering, and advertisements. Additionally, Rs 52.78 billion was earned under the "other coaching" category, which covers parcels, luggage, and wharfage charges. The national transporter recorded Rs 100.09 billion in revenue during the first fortnight of January. A senior official revealed that Indian Railways is considering adjustments to freight rates to further boost volumes, with the aim of increasing earnings by rationalising fares on certain commodities. The primary driver of the revenue increase was a 2% rise in freight loading, which reached nearly 1.18 billion tonnes between April and December 2024. Passenger services also saw growth, with a 3% increase in the number of mail, express, and other train services, reaching a record 2.07 million runs. Additionally, the frequency of special trains during peak demand periods surged by 54% year-on-year, totalling 57,169 runs. To sustain this growth, the railways will introduce a new timetable that includes 62 special trains on popular routes, along with 74 new services and 34 pairs of Vande Bharat trains. Indian Railways is targeting an operating ratio of 98.22% by the end of this fiscal year, which would generate a net revenue of Rs 28 billion, earmarked for reinvestment in the Development Fund and Rashtriya Rail Sanraksha Kosh (RRSK). (ET)

Indian Railways has earned Rs 2.04 trillion so far this fiscal year, surpassing last year's earnings for the same period by 4%. This includes Rs 589.27 billion from coaching, Rs 1.33 trillion from goods, and Rs 74.42 billion from sundry sources such as parking, catering, and advertisements. Additionally, Rs 52.78 billion was earned under the other coaching category, which covers parcels, luggage, and wharfage charges. The national transporter recorded Rs 100.09 billion in revenue during the first fortnight of January. A senior official revealed that Indian Railways is considering adjustments to freight rates to further boost volumes, with the aim of increasing earnings by rationalising fares on certain commodities. The primary driver of the revenue increase was a 2% rise in freight loading, which reached nearly 1.18 billion tonnes between April and December 2024. Passenger services also saw growth, with a 3% increase in the number of mail, express, and other train services, reaching a record 2.07 million runs. Additionally, the frequency of special trains during peak demand periods surged by 54% year-on-year, totalling 57,169 runs. To sustain this growth, the railways will introduce a new timetable that includes 62 special trains on popular routes, along with 74 new services and 34 pairs of Vande Bharat trains. Indian Railways is targeting an operating ratio of 98.22% by the end of this fiscal year, which would generate a net revenue of Rs 28 billion, earmarked for reinvestment in the Development Fund and Rashtriya Rail Sanraksha Kosh (RRSK). (ET)

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?