Indian Railways carries 511 million ton for April-Sep

Budget target set at 1014 million tons, an increase of 40 million tons

Indian Railways seem to be well on its mark to achieve its budget freight targets. In the first half of the fiscal of 2013, Railways carried a total of 511 million tons of revenue earning freight.

The budget target is set at 1014 million tons, an increase of 40 million tons.

The volume shows an increase of 6% compared to the last year. For 2012-2013, the volume carried was 481.35 million tons.

Railways is yet to disclose the half yearly earnings. This year September has been a good month for Railways as the volume spiked by 11% compared to last year.

July, August and September are lean months for Railways hence the volume has hovered between 84-86 million tons for these months, compared to May during which Railways carried 88 million tons, the highest so far in the first six months.

The recent freight hike will not affect the Railway earnings as it would be applicable only from the October 7.

Railways maintained a growth rate of about 9% in its earnings for the first four months, which is expected to be the same for the first half of the fiscal as there has been no increase in volume or rates.