Indian Railways crosses 1000 MT in freight loading during Financial Year 2022-23
Indian Railways crosses 1000 MT in freight loading during Financial Year 2022-23. Till date, IR has loaded 1002 Million Tons of freight in the current year
Railways freight earnings stood at Rs 1,08,593 Cr. in the current year vis-a-vis Rs 93,532 Cr during last year.
Indian Railways (IR) has achieved a major milestone in freight transportation by crossing 1000 Million Tons (MT) mark in current Financial Year (FY). Till date, IR has loaded 1002 Million Tons of freight in the current year. This is stellar performance by Indian Railways as similar milestone during last FY was achieved on 24th Dec 2021 and as on 06th December 2021, Railways had achieved a freight loading of 926.4 Million Tons. During this financial year, IR has registered an incremental loading of 76.3 MT with growth rate of 8.25% .
In revenue terms, the Railways freight revenues stood close to Rs. 1,08,593 Cr. in the current year vis-a-vis Rs. 93,532 Cr during last year till 06th December, thus showing an improvement of 16.10% .
Coal, the biggest commodity (48%) railway transports, contributed 485 Million Tons in this 1000 MT mark as against 425 Million Tons during last FY, thus showing 14.25% improvement. Coal is also the biggest contributor to incremental volumes with 60 MT of incremental traffic in the period.
The second biggest contributor to incremental volumes this year has been, Balance other goods segment (a basket of commodities like stone, ash, bauxite, metals, automobiles, Gypsum salt, salt etc) which has shown 10% improvement (83 MT in current FY as vis-à-vis 75 MT in last FY) in loading resulting in 19% increase in revenue.
Third biggest contributor to this growth has been Cement and clinker group, showing 8% improvement in volume (94.7 MT in current FY vis-a-vis 87.7 MT in last FY) followed by Fertilizers which registered a growth of 13.9% with incremental volumes of 4.7 MT.
Following the Mantra, “Hungry For Cargo”, IR has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices which has resulted in new traffic coming to railways from both conventional and non conventional commodity streams.