SCR handles 70 million tonne freight this fiscal

Image
BS Reporter Chennai/ Hyderabad
Last Updated : Jan 21 2013 | 1:47 AM IST

The South Central Railway (SCR) handled 70 million tonne freight during the current financial year, an all-time high and ten million tonne more than last year. Gross earnings increased 9.1 per cent with an incremental revenue of Rs 511.4 crore during the year.

Addressing a press conference here on Monday, SCR general manager MS Jayanth said despite recessionary trends, the zone carried about 10 million additional passengers during the year with a growth rate of 4.04 per cent. It, however, lost revenues to the tune Rs 50 crore due to the recent agitations in the state.

He said development of new lines, gauge conversion, doubling, building road over and under bridges were hit due to resource crunch. Some of the projects, which were sanctioned as early as 1993-94, would require about Rs 4,593.28 crore during 2010-11. With the current year’s allotment of Rs 554.14 crore, it would take ten years to complete these works.

Besides, a number of development projects had been delayed for want of land. Though surplus funds were available for replacing railway level crossings with ROBs, the finalisation of general agreements between railways and state governments was taking more than two years, he pointed out.

“There is a need for railways and state governments to plan innovative schemes and special purpose utility vehicles to speed up the development works, especially new lines,” he said. The Centre is giving priority to projects in which the state governments were willing to share the cost on a 50-50 basis.

He said coach shortage was expected to ease once the Raebareli coach factory becomes operational this year.

SCR today introduced automatic ticket vending machines (ATVMs) for second class travel. The fare needs to be paid through a smart card. Initially, they would be available at Secunderabad, Begumpet and Hitec City stations in the city. The zone plans to add 75 more ATVMs.

It also launched an SMS-based complaint and suggestion system (81212-81212).

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 09 2010 | 12:35 AM IST

Next Story