Business Daily from THE HINDU group of publications
Wednesday, Feb 06, 2008
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Railways
Logistics - Shipping
Zonal rlys mull declaring more stations/sidings as serving ports

Our Bureau

Kolkata, Feb. 5 The zonal railways transporting large quantities of iron ore for exports are considering a proposal for declaring more stations/sidings as serving ports.

The present arrangement, under which a handful of stations/sidings have been so declared, is costing them dear. Under the arrangement, an iron ore exporter using station /siding that has been declared as serving port is required to pay 60 per cent surcharge on the basic freight. In order to circumvent the payment of the surcharge, many exporters, it is pointed out, are unloading the export consignments at stations/sidings, which are about 40/50 km away from the port serving stations/sidings and transporting the consignments to the port by road. In so doing, they are saving substantially on cost but the railways stands to lose revenue.

South Eastern Railway, which transports large quantities of iron ore to Haldia for exports, has noticed that the booking of rakes for stations away from Haldia, which has been designated as port serving, has suddenly jumped. For example, the Tamluk railway station, which is about 50 km from Haldia station, handled as many 17 rakes in January and most of these rakes are believed to be iron ore rakes. There are several such stations.

Other zonal railways like East Coast Railway or South Western Railway which also handle large quantities of ore for exports too, it is felt, have had a similar experience.

More Stories on : Railways | Shipping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Clasic Hiring

Stories in this Section
Strengthening rupee weakens marine export sector


Pvt corporates regain dominant investor status
Mesco Steel to invest $2.8 b in two plants in Orissa
Omaxe (Rs 311.75): Buy
Additional release of sugar to keep prices on leash
Net direct tax collections up 40% till Jan
Day Trading Guide
Earnings slowdown raises flag of caution
Bajaj’s XCD sales in Jan fall short of projections
Directors’ expertise defines a company
Banks bracing for sub-prime spillover
Canara Bank cuts home loan rates
SEBI willing to review share margin requirement system
Patel Engineering up on order buzz
Banks may follow ICICI in stopping e-transfer of funds
FIIs sell $3.2-b worth equities in January alone
Cable cut: Bloggers smell conspiracy
Zonal rlys mull declaring more stations/sidings as serving ports

BusinessLine E-paper


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line