Infrastructure
Indian Railways: Freight Loading Crosses 500 MT Mark In April-July 2023
The rail network plays a crucial role in the entire ecosystem as it is responsible for transporting 90 per cent of the raw materials.
Riding on the growth trajectory, Indian Railways has crossed 500 million ton (MT) mark in freight loading on cumulative basis, in the first four months of the current financial year.
From April-July 2023, the national transporter has transported 507.7 MT of goods as against the last year loading of 501.55 MT, an improvement of 1.23 per cent over last year loading.
The Railways have earned Rs 55,459 crore against Rs 53,731 crore over the last year which is an improvement of 3.22 per cent as compared to the same period last year.
From April-July 2023, on cumulative basis, the Railways' total earning has been approximately Rs 80,869 crore (including coaching, goods, sundry, other coaching earnings) against Rs 75,847 crore over the last year, which is an improvement of 6.62 per cent as compared to the same period last year.
Freight revenue of Rs 13,578 crore has been achieved in July 2023 against Rs 13,163 crore freight earnings in July 2022, thereby an improvement of about 3 per cent over last year.
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.
