Indian Railways On Track To A Record-Breaking Year On Revenue, Expansion

The latest figures released by the Indian Railways suggest a year of record-breaking achievements in freight, revenue, and infrastructure expansion.

What Happened: The national transporter has surpassed an originating freight loading of 1500 million tonnes (MT) as of March 15, 2024. This is a notable increase from the previous financial year’s best-ever freight loading of 1512 MT.

The total revenue of Indian Railways has reached a staggering ₹2.40 lakh crore to date, marking an increase of ₹17,000 crore over the revenue on the same date last year, which stood at ₹2.23 lakh crores. Concurrently, the total expenditure for the current fiscal year is reported at Rs 2.26 lakh crores.

See Also: Indian Oil, BPCL, HPCL Shares Slump Upto 7% After Rate Cut: What Brokerages Are Saying

Passenger travel has also seen an upswing, with 648 crore passengers having travelled during the year ending March 2024, which is an increase of 52 crores from the previous year’s figure of 596 crores. In terms of infrastructure development, Indian Railways has laid down 5,100 kilometres of new tracks this financial year, averaging over 14 kilometres per day.

The performance of Indian Railways is a critical barometer for the country’s economic health, given its role in connecting markets and enabling the flow of goods and passengers across the nation. The surge in freight loading and revenue is indicative of a thriving economy, with increased demand for transportation of commodities such as coal, iron ore, and cement, which are essential for various industries.

Read Next: FTSE Index Rebalancing Explained: Check How It Will Impact Your Portfolio Stocks