Railway shares crash on Rail Budget 2013, log losses of up to 16%, Stone India, Kernex hit
PTI: Mumbai, Feb 26 2013, 18:37 IST
short of targeted revenues by as much as Rs 7,491.66 crore mainly due to lower passenger and freight earnings.
As per official data, Railways is projected to see gross receipts Rs 1.28 lakh crore for the fiscal ending March 31, 2013, compared to the budget estimate of Rs 1.35 lakh crore.
It is expected that shortfall in revenue mobilisation, both from passenger and freight movement, will be to the tune of Rs 3,573 crore and Rs 3,383 crore respectively as compared to the Budget estimates for 2012-13.
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