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.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..