Business Daily from THE HINDU group of publications
Tuesday, Jul 22, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jul 22, 2008 ePaper | Mobile/PDA Version | Audio |
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Logistics
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Railways Freight revenue helps Rlys post 15.5% rise in June earnings 
Our Bureau New Delhi, July 21 With total revenues of Rs 6,223.69 crore, Indian Railways registered a 15.5 per cent growth in June 2008 year-on-year. This was supported by an 18.77 per cent growth in freight earnings, which account for 68 per cent of share of total railway revenues. Freight earnings touched Rs 4,293.32 crore in June. The passenger revenues, which account for 28 per cent revenue share, witnessed a growth of 10.39 per cent touching Rs 1,695.22 crore in June. The high growth in freight revenues is basically due to a mix of growth in loadings volume and several rounds of freight rate increases (through its dynamic pricing policy) introduced by Railways during the year. April-JuneOn a cumulative basis, during the three months of current fiscal (April 1 to June 30, 2008), Railways registered total earnings of Rs 19,549.29 crore, up 18.04 per cent from Rs 16,561.44 crore during the same period in the previous fiscal. The total goods earnings went up by 22.05 per cent during the first quarter touching Rs 13,470.11 crore (Rs 11,036.23 crore). The total passenger revenues during first three months of the financial year were Rs 5,342.17 crore (Rs 4,858.07 crore), up 9.96 per cent. The earnings from other coaching activities (parcel, etc) amounted to Rs 509.30 crore (Rs 472.24 crore) during April-June 2008-09, an increase of 7.85 per cent year-on-year. Sundry earnings for the period went up by 16.83 per cent year-on-year, touching Rs 227.71 crore during April-June 2008 (Rs 194.90 crore). Rlys loadings rise 10% in Jan to 72.38 mt Rlys loadings up 8% in Apr-Dec ’07 Railway freight revenues grow 11% in Apr-Nov More Stories on : Railways
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