Rlys ups FY12 cargo revenue target by 10%

Indian Railway targets Rs 68,620 crore in revenue from goods movement during 2011-12, nearly 10% higher than the year-ago period, mainly on the back of higher movement of coal freights for power plants.

It is expecting Rs 62,489.33 crore in goods' revenue in the current fiscal.

The Indian Railways is projecting earning of Rs 27,126.49 crore by transporting coal for steel plants, for washeries, for thermal power houses and for other public users for the next fiscal.

However, it expects to finish the current financial at Rs 24,127.77 crore, Railway Minister Mamata Banerjee said while presenting the Railway Budget for 2011-12.

It expects to earn Rs 1,008.51 crore from transporting raw material to steel plants, and Rs 3,721.40 crore from carrying pig iron and finished steel.

While, it expects to end the current fiscal with Rs 970.64 crore from transporting raw material to steel plants, and Rs 3,443.63 crore from carrying pig iron and finished steel.

Further, Indian Railways expects to earn Rs 9,035.31 crore from Iron ore exports and estimated earnings of Rs 6,190.58 crore from cement transport for FY12.

It also projects to earn Rs 4,586.14 crore from transportation of food grains, Rs 3,746.14 crore from fertilisers and Rs 3,590.68 crore from Petroleum products.

Meanwhile, this current fiscal it expects to earn Rs 4,358.82 crore from the movement of food grains, Rs 3,606.37 from transportation of fertilisers and Rs 3,473.20 crore by Petroleum products.

Besides, it anticipates raising Rs 3,914.89 crore from the transportation of container service, Rs 4,699.86 crore from other goods and Rs 1,000 crore from carrying miscellaneous goods.