By India Blooms News Service Aug 02, 2023
New Delhi: Indian Railways crossed the mark of 500 MT freight loading on a cumulative basis in the first 4 months of this financial year (FY24), the Ministry of Railways said on Tuesday.
During April-July 2023, Indian Railways achieved freight loading of 507.7 MT compared to the loading volume of 501.55 MT in the same period last year, registering a growth of 1.23% over last years loading.
Railways earned Rs 55,459 crore against Rs 53731 crore over the last year which is an improvement of 3.22% as compared to the same period last year.
On a cumulative basis, the total earning stood at approximately Rs 80,869 crore (including coaching, goods, sundry, and other coaching earnings) against Rs 75,847 crore recorded in the same period the last year, a growth of 6.62%.
During the month of July 2023, originating freight loading of 123.98MT has been achieved against loading of 122.15MT in July 2022, which is an improvement of approx. 1.5% over the last year.
Freight revenue of Rs13,578 crore has been achieved in July 2023 against Rs 13,163 crore freight earnings in July 2022, surging 3% over last year.
Following the Mantra, Hungry For Cargo, IR 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, the Railway Ministry said in a statement.