Indian Railways achieve best ever freight loading of 1512 MT in 2022-23

New Delhi, Apr 3 (KNN) Indian Railways in the financial year 2022-23 has recorded the best ever performance in its history in terms of the output from the Freight Business.

According to the preliminary data released by the Ministry of Railways, IR has achieved an originating Freight loading of 1512 MT in 2022-23, witnessing an incremental loading of 94 MT over the previous best of 1418 MT that was achieved in FY 2021-22.

Indian Railways has achieved an incremental loading of 74.6 MT in coal, followed by 8.7 MT in other goods, 5.6 in cement and clinkers, 7.1 MT in fertilizers, 5 MT in containers, and 4 MT in petroleum, oil and lubricants.

The Railway ministry in statement on Sunday pointed out that the primary reason for the best-ever freight performance in 2022-23 is due to the railways efforts to increase the supply of coal to powerhouses, in close coordination with the Ministry of Power and Coal.

Along with excellent performance in transporting coal to the Powerhouses, increase in automobile loading has been another highlight of freight business in 2022-23 and 5,527 rakes have been loaded in FY 2022-23 as compared to 3,344 rakes last year i.e. a growth of 65 per cent,” it added.

Further, gross revenue from freight for railways is expected to be more than Rs 1.6 lakh crore with a growth rate of 14 per cent. Simultaneously, the passenger revenues are expected to exceed Rs 60,000 crore with a growth of more than 60 per cent.

This growth in the passenger business complemented by growth in the freight business has led for the first time for the combined freight and passenger revenue to cross the Rs 2 lakh crore mark.  (KNN Bureau)