Powered by: Motilal Oswal
02-11-2023 03:04 PM | Source: Accord Fintech
Indian Railways earns Rs 95,929.30 crore freight revenue during April- October 2023

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Indian Railways have earned Rs 95,929.30 crore freight revenue during April- October 2023 as against Rs 92,345.27 crore over the last year, an improvement of around Rs 3584.03 crore. During the period, freight loading of 887.25 metric tonnes (MT) was achieved by Indian Railways against last year’s loading of 855.64 MT, an improvement of approximate 31.61 MT.

During the month of October 2023, an originating freight loading of 129.03 MT has been achieved as against 118.95 MT in October last year, an improvement of approximately 8.47 per cent. Freight revenue of Rs 14,231.05 crore was earned in October 2023 as against Rs 13,353.81 crore last year, an improvement of about 6.57 per cent.

Indian Railways achieved loading of 64.82 MT in Coal, 14.81 MT in Iron Ore, 5.74 MT in Pig Iron and Finished Steel, 6.32 MT in Cement (Excl. Clinker), 4.77 MT in Clinker, 3.62 MT in Foodgrains, 5.72 MT in Fertilizers, 4.35 MT in Mineral Oil, 7.15 MT in Containers and 8.55 MT in Balance Other Goods during October, 2023. 

Following the Mantra, ‘Hungry For Cargo’, Indian Railways has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices. The customer centric approach and work of Business Development Units backed up by agile policy making helped Railways towards this significant achievement.