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Revenue of Indian Railways up 38% to Rs 95,486.58 cr until August-end

Indian Railways reported overall income of Rs 95,486.58 crore at the end of August 2022, up Rs 26,271.29 crore or 38% over the same period the previous year, according to an official statement released on Sunday.

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New Delhi: Indian Railways reported overall income of Rs 95,486.58 crore at the end of August 2022, up Rs 26,271.29 crore or 38% over the same period the previous year, according to an official statement released on Sunday.

The amount collected from passenger traffic was Rs 25,276.54 crore, up Rs 13,574.44 crore (116%) from the previous year.

The volume of passengers in both the reserved and unreserved sectors grew in comparison to the previous year. According to the Railways, growth in long-distance reserved mail express trains has been more rapid than in passenger and suburban trains.

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The revenue from other coaching was Rs 2,437.42 crore, up Rs 811.82 crore (or 50%) over the same period last year.

According to the statement, this is being fueled by Indian Railways’ strong development in its parcel business.

Up till the end of August this year, goods revenue increased by Rs 10,780.03 crore (or 20%) to Rs 65,505.02 crore.

This has been accomplished through increased loading of more than 58 MT throughout the time and an increase in net tonne-kilometers (NTKMs) of 18%. Along with the transportation of coal, other significant contributors to this development include food grains, fertiliser, cement, mineral oil, container traffic, and the balance of other commodities divisions.

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The total revenue from all sources was Rs 2,267.60 crore, up Rs 1105 crore or 95% over the same time the previous year, it continued.

The total revenue generated by the railways during the previous fiscal year (2021–2022) was Rs. 1,91,278.29 crore.

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