Railway revenue surpasses Rs 1.5 tn as freight hits Rs 1 tn Mark

16 Nov 2023 CW Team

The revenue of the Railways is poised to surpass Rs 1.5 trillion, a day after freight earnings reached the Rs 1 trillion milestone.

While overall revenues have increased by 6.5% during the current fiscal year, they fall short of the annual growth target of over 9% for 2023-24. Railway officials, nonetheless, express confidence that the annual target will be achieved as goods loading is expected to rise post-rains, given the sustained buoyancy in economic activity.

In the financial year up to October 13, passenger revenue reached Rs 431.01 billion. Reserved passengers played a significant role in generating 7% higher earnings of Rs 318.75 billion, despite a 4.7% decrease in the number of passengers to 474 million. This suggests that the revenue per passenger has increased, particularly with the introduction of trains such as Vande Bharat.

Earnings from the unreserved category increased by 3.8% to Rs 113.26 billion, accompanied by a 12% rise in traffic to 3.66 billion.

In terms of volume, freight loading saw a 3.7% increase to 940 MT during the fiscal year up to October 14, according to data sourced from the railways. Revenue from coal, a key component, witnessed a 3.3% rise to nearly Rs 510 billion, while loading increased by 5.5% to 463 million tonnes.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..