Railway freight records highest loading in 2020
RAILWAYS & METRO RAIL

Railway freight records highest loading in 2020

The freight figures for Indian railways have maintained their high momentum in terms of earnings and loading for the month of November. It surpassed the previous year’s earnings and loadings for the same period by 9%.

Indian Railways loading was 109.68 mt, including: 13.77 mt of iron ore 5.41 mt of fertilizers 48.48 mt of coal 5.1 mt of foodgrains 6.62 mt of cement (excluding clinker).

During this time, the earning of the Indian Railways from freight loading was Rs 106.57 billion, which is Rs 4.49 billion (4%) higher compared to last year’s earnings for the same period (Rs 102.07 billion). The average wagon loading per day in November was 58,726, which is 4.6% higher than October (56,128 wagons).

A railway ministry press release says the Indian Railways utilised Covid-19 as an opportunity to enhance its performance as well as all round efficiencies. They continued to register impressive figures in freight loading with 15% growth in both, September and October.

In order to make rail freight movement attractive, various discounts and concessions have been given in Indian Railways. The ministry said that improvements will soon be incorporated and institutionalised in the upcoming zero based time table.

Also Read: Railways capex for 2020-21 pegged at all time high

Also Read: Budget 2020 benefits the freight and logistics sector

The freight figures for Indian railways have maintained their high momentum in terms of earnings and loading for the month of November. It surpassed the previous year’s earnings and loadings for the same period by 9%.Indian Railways loading was 109.68 mt, including: 13.77 mt of iron ore 5.41 mt of fertilizers 48.48 mt of coal 5.1 mt of foodgrains 6.62 mt of cement (excluding clinker). During this time, the earning of the Indian Railways from freight loading was Rs 106.57 billion, which is Rs 4.49 billion (4%) higher compared to last year’s earnings for the same period (Rs 102.07 billion). The average wagon loading per day in November was 58,726, which is 4.6% higher than October (56,128 wagons). A railway ministry press release says the Indian Railways utilised Covid-19 as an opportunity to enhance its performance as well as all round efficiencies. They continued to register impressive figures in freight loading with 15% growth in both, September and October. In order to make rail freight movement attractive, various discounts and concessions have been given in Indian Railways. The ministry said that improvements will soon be incorporated and institutionalised in the upcoming zero based time table. Also Read: Railways capex for 2020-21 pegged at all time high Also Read: Budget 2020 benefits the freight and logistics sector

Next Story
Infrastructure Energy

KEC International Secures New Orders Worth Rs 10,340 Mn

KEC International Ltd, a global infrastructure engineering, procurement, and construction (EPC) major and flagship company of the RPG Group, has secured new orders worth Rs 10,340 million across multiple business verticals.In the Transmission & Distribution segment, the company won a STATCOM project from a global original equipment manufacturer (OEM) in India and orders for towers, hardware, and poles in the Americas.The Civil segment marked its entry into the semiconductor sector by securing a significant order to establish a semiconductor plant for a leading private company in India. It ..

Next Story
Infrastructure Energy

Reliance NU Energies Wins Solar and Battery Storage Tender

Reliance Power Limited’s subsidiary, Reliance NU Energies Private Limited, has secured the largest allocation in SJVN’s tariff-based competitive bidding process. It won 350 MW of solar generation capacity and 175 MW/700 MWh of battery energy storage system (BESS).Once operational, the project will add 600 MWp of solar photovoltaic capacity and 700 MWh of energy storage to Reliance Power’s portfolio. This strengthens its position as India’s largest player in integrated solar plus BESS, with 2.5 GWp solar and over 2.5 GWhr storage capacity.The tariff was fixed at Rs 3.33 per kilowatt-hou..

Next Story
Real Estate

Club Mahindra Transitions Acacia Palms into All-Women-Run Property

Acacia Palms resort in Goa into an all-women-run property, marking a first in its portfolio. This initiative highlights Club Mahindra’s strong commitment to gender diversity, inclusion, and women’s empowerment within the hospitality industry.Every aspect of the resort’s operations, from guest services and security to engineering, horticulture, food production, and kitchen stewarding, is managed by a talented team of women. Many have stepped into roles traditionally held by men, gaining new skills and valuable career development opportunities.The company also actively partners with local ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?