The Indian Railways has registered an impressive growth in track renewal with a 13.8% increase in FY 2023-24 in comparison to the previous year, said the Ministry of Railways on Wednesday.
“Indian Railways records an impressive growth in track renewal with 13.8% increase in FY 2023-24 in comparison to the previous year, contributing to improved efficiency and safety,” informed the ministry in a post on X.
In the Financial Year (FY) 2022-2023, the railways renewed 5,227 track kilometres (TKM). In the Financial Year (FY) 2023-2024, it renewed 5950 track TKM, the ministry said.
It is pertinent to mention here that as of 2023, Indian Railways manages the fourth-largest national railway system by size. It has a running track length of 104,647 km and a route length of 68,426 km. 60,451 km of the network is electrified.
In a recent development, Indian Railways has completed 61% of electrification works in the northeastern part of India.
With more than 1.2 million employees, the railways is believed to be the ninth-largest employer in the world and the second largest in India.