Achieving yet another milestone, Indian Railways surpassed its previous record by clocking 1,500 million tonnes (MT) of Freight business. The previous best was 1,512 MT during FY 22-23, the preliminary data released on March 15 mentioned.
At present, the total revenue of Indian Railways for FY 2023-24 stands at Rs 2.40 lakh crores, marking a significant rise from Rs 2.23 lakh crores recorded on the same date last year.
This indicates a notable increase in freight business of Rs 17,000 crores in revenue. However, the total expenditure for Indian Railways in FY 2023-24 stands at Rs 2.26 lakh crores, a statement from the Railways Ministry mentioned
Best-ever performance on the track
With this momentum, Indian Railways is poised to achieve its best-ever performance across several key metrics including total revenue and track laying in the FY 23-24
Notably, 648 crore passengers traveled in Indian Railways during FY 2023-24, marking an increase of 52 crores as compared to the previous year’s figure of 596 crores.
In terms of infrastructure development, Indian Railways has laid an impressive 5,100 kilometers of new tracks in FY 2023-24. Meanwhile, the average daily track laying rate for this fiscal year exceeds 14 kilometers per day.
The freight transportation success story
Between April 2023 and February 2024, Indian Railways accomplished a cumulative freight loading of 1434.01 million metric tons (MT) surpassing last year’s loading of 1367.5 MT by approximately 66.51 MT.
It is noteworthy that this translates to a significant improvement over the corresponding period of the previous year. Moreover, Railways recorded earnings of Rs. 1,55,557.1 crore during this period, marking an increase of approximately Rs. 6,468.17 crore compared to the same period last year.
In February 2024, the freight loading surged to 136.60 million tonnes (MT), marking a notable increase from the 124.03 MT recorded in February 2023, indicating an improvement of approximately 10.13%.
