INDIAN RAILWAYS EARNINGS INCREASE BY 4% IN MAY

THE earnings from freight for Indian Railways have shown a positive growth of 4% compared to the same period last year, amounting to Rs. 14,084 Crores ($171m).

In May 2023, the railways achieved a freight loading of 134 million tonnes, indicating a 2% improvement over the previous year's loading of 131 million tonnes for the same period.

Specifically, in May 2023, the originating freight loading reached 134 million tonnes, surpassing the loading of 131.50 million tonnes in May 2022 by approximately 2%. Additionally, the freight revenue for May 2023 amounted to Rs. 14,641.83 crore ($187m), exhibiting a 4% improvement over the freight earnings of Rs. 14,083.86 crore ($171m) in May 2022.

When considering the cumulative data from April to May 2023, the freight loading reached 260.28 million tonnes, showing an approximate 3% improvement compared to the loading of 253.48 million tonnes in the same period last year.The revenue generated during this period amounted to Rs. 28,512.46 crore ($340m), indicating a 5% improvement over the earnings of Rs. 27,066.42 ($330m) crore in the corre- sponding period of the previous year.

The breakdown of freight loading in May 2023 includes 65.89 million tonnes in coal, 15.23 million tonnes in iron ore, 13.20 million tonnes in cement, 10.96 million tonnes in other goods, 6.79 million tonnes in containers, 4.89 million tonnes in fertilizer, 4.85 million tonnes in food grains and 4.23 million tonnes in mineral oil.

These achievements can be attributed to the railways' dedication to the "Hungry For Cargo" mantra, which involves continuous efforts to improve business facilitation, enhance service delivery, and maintain competitive pricing. The customer-centric approach and the work of Business Development Units, along with agile policy-making, have contributed significantly to these accomplishments.