Indian Railways Smashes Records in Freight, Revenue, and Track Laying.
Indian Railways is poised to achieve its best-ever performance in various aspects of its operations for the financial year 2023-24. With significant milestones reached in freight loading, total revenue generation, and track laying, the railway sector demonstrates remarkable growth and efficiency.
Freight Loading Milestone:
Today, on 15th March 2024, Indian Railways surpassed the 1500 million tonnes mark in originating freight loading, marking a historic achievement. This surpasses the previous record of 1512 million tonnes achieved during the fiscal year 2022-23.
Revenue Generation:
The total revenue generated by Indian Railways for FY 2023-24 stands at an impressive Rs 2.40 lakh crores. This represents a substantial increase from the previous year’s revenue of Rs 2.23 lakh crores recorded on the same date. Despite robust revenue growth, total expenditure for the current fiscal year stands at Rs 2.26 lakh crores, reflecting efficient financial management.
Passenger Travel and Track Laying:
Passenger travel also witnessed a significant uptick, with a total of 648 crores passengers traveling during FY 2023-24, marking an increase of 52 crores compared to the previous year’s figures. Additionally, Indian Railways has laid an impressive 5100 kilometers of new tracks during the current fiscal year, with an average daily track laying rate exceeding 14 kilometers.
Conclusion:
The achievements of Indian Railways in FY 2023-24 underscore its commitment to operational excellence and service delivery. With record-breaking performance in freight business, revenue generation, passenger travel, and track laying, Indian Railways continues to be a vital lifeline for the nation’s economy and connectivity. As the financial year progresses, Indian Railways remains dedicated to further enhancing its efficiency and service quality for the benefit of passengers and stakeholders alike.