The Hindu Business Line : Rlys freight earnings up 23% in Feb

New Delhi, March 18 Indian Railways pocketed Rs 4,404.22 crore by transporting freight in February 2008, registering a 23.31 per cent growth against February 2007 on account of robust growth from coal transportation, iron ore movement, cement and fertiliser.

All these commodities witnessed higher growth rate in earnings than the corresponding growth in loadings.

Moreover, the net tonne kilometre (NTKM) growth rate, a performance indicator that measures the combined impact of loadings and distance, is also lower than earnings growth.

This implies that the total earnings growth is supported not just by higher loadings but also by the freight rate hikes of Railways introduced at various times of the year through reclassification and various surcharges.

In terms of earnings during the month, Railways earned Rs 1,610.94 crore from 29.31 million tonnes (mt) of coal, followed by Rs 748.34 crore from 11.96 mt of iron ore, Rs 365.56 crore from 3.84 mt of foodgrains, Rs 358.19 crore from 7.09 mt of cement and Rs 266.43 crore from 3.16 mt of petroleum oil and lubricant (POL), said an official release.

Other key commodity groups include pig iron and finished steel (Rs 238.64 crore from 2.29 mt loadings), fertilisers (Rs 179.35 crore from 2.71 mt).

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