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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..