Railway records local loading of 728 Mn tons in 2023-24

15 Jul 2024 CW Team

According to figures released by the Ministry of Railways, Indian Railways recorded a significant increase in its coal loading during the financial year 2023-24, reaching a record 787.58 million tons from the previous year's figure of 727.98 million tons in 2022-23. The ministry also reported that the revenue generated in FY 2023-24 was Rs 86.838 billion. It was further stated that the growth in Indian Railways continued into the current financial year, with a total freight loading of 135.46 million tons in June this year, marking a robust 10.07% increase over the corresponding figure of 123.06 million tonnes in the same month last year. The ministry also indicated that domestic coal contributed 60.27 million tonnes to this total freight, while imported coal accounted for 8.82 million tonnes. According to a ministry statement, Indian Railways had recorded a noteworthy growth in track renewal, with a 13.8% increase in FY 2023-24 compared to the previous year, which has contributed to enhanced efficiency and safety. It was noted that in FY 2022-2023, the railways renewed 5,227 track kilometres (TKM), whereas in FY 2023-2024, the figure rose to 5950 track TKM.

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