Railways earns Rs. 81697 Crores from Freight loading during April-Sept’ 2023
Indian Railways has achieved a remarkable milestone in freight transportation by loading a staggering 758.20 million metric tons (MT) of freight in the first half of 2023, an improvement of approximately 21.52 million MT compared to the same period in the previous year. The Railways have also shown their financial prowess by earning a whopping Rs 81,697 crore during this period.
Why is it important?
The Indian Railways is one of the largest and most important transportation networks in the world. It plays a vital role in the nation’s economic development by transporting a wide range of goods and passengers across the country. The Railways’ achievement in freight transportation is a positive development for the Indian economy as it will help to boost trade and commerce.
Who is it important for?
The Indian Railways’ achievement in freight transportation is important for all stakeholders, including:
- The Indian government, as it will help to boost the economy and generate revenue.
- Indian businesses, as it will help them to transport their goods more efficiently and cost-effectively.
- Indian consumers, as it will help to keep prices of goods in check.
10 key points for traders:
Indian Railways has achieved a remarkable milestone in freight transportation by loading a staggering 758.20 million metric tons (MT) of freight in the first half of 2023, an improvement of approximately 21.52 million MT compared to the same period in the previous year.
The Railways have also shown their financial prowess by earning a whopping Rs 81,697 crore during this period.
In September 2023, Indian Railways achieved an originating freight loading of 123.53 million MT, surpassing the previous year’s loading of 115.80 million MT by an impressive margin of approximately 6.67%.
In September 2023, the Railways raked in an astounding Rs 12,956.95 crore in freight earnings, showing a remarkable 5.06% improvement compared to the previous year’s earnings of Rs 12,332.70 crore.
Indian Railways moved a staggering 59.70 million MT of coal, 14.29 million MT of iron ore, 5.78 million MT of pig iron and finished steel, 6.25 million MT of cement (excluding clinker), 4.89 million MT of clinker, 4.54 million MT of foodgrains, 4.23 million MT of fertilizers, 4.0 million MT of mineral oil, 7.28 million MT in containers, and 10.10 million MT in various other goods during September 2023.
Indian Railways has embraced the mantra of being “Hungry For Cargo.”
Their unwavering commitment to customer satisfaction, combined with the tireless efforts of Business Development Units and agile policy-making, has transformed the Railways into a customer-centric, efficient, and competitive freight transportation giant.
The Indian Railways’ journey from April to September 2023 is nothing short of a breathtaking odyssey of progress and achievement.
They have not only exceeded their own lofty standards but have done so with finesse, dedication, and a pioneering spirit that sets them on a trajectory of continued success and growth.
It’s a testament to the power of determination, innovation, and the unwavering spirit of excellence that propels Indian Railways forward on its remarkable journey.
The Indian Railways’ achievement in freight transportation is a positive development for the Indian economy and all stakeholders. It is a testament to the power of determination, innovation, and the unwavering spirit of excellence.
For those interested in investing in the Indian Railways sector, Angel One has a comprehensive blog post on the best railway stocks in India: Best Railyway stocks in India
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.
Image Source: Freepik