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Rail freight revenue short by Rs 7,000 cr

Drop in coal, cement bookings in first 9 mths; however, passenger traffic collection up after 3 yrs

Shine Jacob  |  New Delhi 

Indian Railways’ (IR) freight revenue has lost an estimated Rs 7,000 crore in the financial year thus far, mainly due to a 50 million tonne (mt) shortfall in expected coal traffic, besides a drop in cement movement due to demonetisation. The total loading of coal on the railways in April-December, first nine months of this financial year, was 390 mt, compared to last year’s 409 mt for the same period. Coal India (CIL), the government-owned near-monopoly, had agreed with IR to load 437 mt in this time. The railways’ estimated loss of revenue on this count is Rs ...

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Rail freight revenue short by Rs 7,000 cr

Drop in coal, cement bookings in first 9 mths; however, passenger traffic collection up after 3 yrs

Drop in coal, cement bookings in first 9 months; however, passenger traffic collection up after 3 years Indian Railways’ (IR) freight revenue has lost an estimated Rs 7,000 crore in the financial year thus far, mainly due to a 50 million tonne (mt) shortfall in expected coal traffic, besides a drop in cement movement due to demonetisation. The total loading of coal on the railways in April-December, first nine months of this financial year, was 390 mt, compared to last year’s 409 mt for the same period. Coal India (CIL), the government-owned near-monopoly, had agreed with IR to load 437 mt in this time. The railways’ estimated loss of revenue on this count is Rs ... image
Business Standard
177 22

Rail freight revenue short by Rs 7,000 cr

Drop in coal, cement bookings in first 9 mths; however, passenger traffic collection up after 3 yrs

Indian Railways’ (IR) freight revenue has lost an estimated Rs 7,000 crore in the financial year thus far, mainly due to a 50 million tonne (mt) shortfall in expected coal traffic, besides a drop in cement movement due to demonetisation. The total loading of coal on the railways in April-December, first nine months of this financial year, was 390 mt, compared to last year’s 409 mt for the same period. Coal India (CIL), the government-owned near-monopoly, had agreed with IR to load 437 mt in this time. The railways’ estimated loss of revenue on this count is Rs ...

image
Business Standard
177 22