North Central Railway sees 21.3% originating freight loading growth
RAILWAYS & METRO RAIL

North Central Railway sees 21.3% originating freight loading growth

North Central Railway (NCR) reported a 21.3 percent increase in originating freight loading at the end of the first quarter of fiscal year 2022-23. From April to June 2022, NCR loaded 5.24 million tonnes of cargo, breaking all previous records. This is NCR's best quarter-ending figure since its inception in 2003. In the previous year's corresponding period, a freight loading of 4.32 million tonnes was reportedly achieved. In June 2022 alone, NCR achieved 1.81 mt of loading, the best ever loading performance by NCR in a single month. This generated Rs. 1.81 billion in revenue. During the first three months, the origination freight revenue remained at Rs. 5.28 billion, which is 20.53 per cent more than the originating freight earning of Rs. 4.38 billion recorded in the first quarter of the previous financial year.

North Central Railway (NCR) reported a 21.3 percent increase in originating freight loading at the end of the first quarter of fiscal year 2022-23. From April to June 2022, NCR loaded 5.24 million tonnes of cargo, breaking all previous records. This is NCR's best quarter-ending figure since its inception in 2003. In the previous year's corresponding period, a freight loading of 4.32 million tonnes was reportedly achieved. In June 2022 alone, NCR achieved 1.81 mt of loading, the best ever loading performance by NCR in a single month. This generated Rs. 1.81 billion in revenue. During the first three months, the origination freight revenue remained at Rs. 5.28 billion, which is 20.53 per cent more than the originating freight earning of Rs. 4.38 billion recorded in the first quarter of the previous financial year.

Next Story
Infrastructure Energy

Indian Airports Shift to Green Energy with Solar Power

India is leading a solar revolution in aviation, with more than forty-four airports operating fully on renewable energy as of mid-2023. Over one hundred and twenty airports are expected to become carbon-neutral by 2025, marking a major shift in sustainable infrastructure.The movement began with Cochin International Airport, the world’s first fully solar-powered airport in 2015. Its solar farm has grown from twelve megawatts to fifty megawatts, producing over seventy million units annually and offsetting more than 1.5 million tonnes of carbon dioxide. This success has inspired similar initiat..

Next Story
Real Estate

ED Searches 13 Locations Linked to Illegal Buildings in Vasai

The Mumbai Enforcement Directorate (ED) searched thirteen locations in Vasai and Virar linked to builders involved in constructing 41 illegal buildings on a 60-acre plot earmarked for public projects. These premises were connected to those responsible for unauthorised constructions in the Vasai-Virar Municipal Corporation (VVMC) area.The 41 illegal buildings were demolished by VVMC over twenty-two days earlier this year following Bombay High Court orders. The ED’s probe began after multiple first information reports by the Mira-Bhayandar police related to the illegal constructions.The ED fou..

Next Story
Real Estate

RERA Orders Builder to Refund Buyers for Project Delay in Telangana

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered R Homes Realtors Global LLP to refund six buyers for delays in completing a residential project at Beeramguda. The buyers had booked flats in Jai Vasavi’s ORR Heights in 2021, paying over Rs eight million.The builder promised construction would start by January 2022 and flats would be handed over within thirty months of approvals. However, even after more than two years, only initial digging work was done. The builder changed building plans from five floors to nine without informing buyers or obtaining consent.RERA found tha..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?