Indian Railways has significantly increased its fund utilization, allocating approximately 54% more funds in the last five months compared to the corresponding period of the previous year. This substantial allocation of funds is aimed at enhancing the safety of train passengers, along with investments in various infrastructure projects.
Between April 1 and August 31 of the current financial year, the railway ministry has achieved a capital expenditure utilization rate of approximately 48%, marking the highest-ever utilization. Safety remains a paramount concern for Indian Railways, and a significant portion of the funds has been invested in safety-related initiatives.
During this period, Indian Railways has generated a revenue of Rs 1 lakh crore, which includes revenue from the freight segment, passenger segment, and other miscellaneous revenue sources. In terms of freight loading, Indian Railways has achieved 634.66 million tonnes during this period, compared to 620.88 million tonnes in the corresponding period of the previous year.
Key highlights of the freight loading include:
•Iron ore loading: 70.84 million tonnes, a 15.56% increase compared to the previous year.
•Pig iron and finished steel loading: 28.42 million tonnes, an 8.63% growth.
•Fertilizer loading: 24.13 million tonnes, an 8.45% increase.
•Cement loading: 63.29 million tonnes, a 6.48% growth.
•Container services loading: 34.31 million tonnes, a 5.22% increase.
•Petroleum, oil, and lubricant (POL) loading: 20.59 million tonnes, a 3.41% growth.
•Coal loading: 311.53 million tonnes, marking an increase from the previous year.
Additionally, automobile transportation by rail has seen a remarkable growth of 26%, with earnings from the automobile sector increasing by 24.5%. In August alone, Indian Railways loaded 126.95 million tonnes, recording a growth of 6.38% compared to the same month in the previous year.
These investments and achievements reflect Indian Railways’ commitment to passenger safety and the efficient transportation of goods across the country. The railways continue to play a vital role in India’s economic development and transportation infrastructure.
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