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Railways freight loading rises 1.6% to 99.74 million tonnes in July 2019

Capital Market 

Railways passenger traffic eases 0.5% to 713.51 million in July 2019

Freight loading of the Indian Railway (IR) increased 1.6% to 99.74 million tonnes (mt) in July 2019 over July 2018. Meanwhile, the freight revenue improved 5.5% to Rs 10030.12 crore in July 2019.

The net tonne kilometers (ntkm) declined 1.3% to 56445 million in July 2019. The revenue per tonne improved 3.8% to Rs 1006, while the revenue per ntkm moved up 6.8% to 178 paise.

IR's freight loading stood at 407.19 mt in April-July FY2020, showing a growth of 2.4% over 397.54 mt in April-July FY2019. The freight loading at 407.19 mt for April-July FY2020 was higher than the estimate of 404.55 mt for the period.

Coal transportation, accounting for 47.4% of the total loading, was flat at 47.31 mt, while loading increased for iron ore at 15.4% to 12.94 mt, raw material for steel plant 17.4% to 2.36 mt and container service 4.3% to 5.37 mt. Further, the loadings of petroleum oil products also improved 4.1% to 3.84 mt, food grains 2.5% to 3.23 mt and fertilizers 1.8% to 4.46 mt in July 2019. However, the loading of cement declined 7.3% to 8.81 mt, other goods 4.3% to 6.91 mt and finished steel 0.2% to 4.51 mt in July 2019.

The revenue from coal transportation, accounting for 50.8% of the total freight revenue, increased 6.7% to Rs 5095.09 crore, while freight revenue moved up for iron ore at 31.0% to Rs 841.97 crore, fertilizers 13.5% to Rs 535.74 crore and container service 9.2% to Rs 540.30 crore. The loading revenue of petroleum oil products also gained 8.0% to Rs 470.24 crore and raw material for steel plant 1.8% to Rs 179.55 crore. However, the freight revenue from cement declined 11.2% to Rs 654.01 crore and finished steel 5.7% to Rs 585.36 crore, while the revenue from food grains also fell 2.7% to Rs 552.17 crore and other goods 2.4% to Rs 575.69 crore in july 2019.

Passenger traffic

The passenger traffic of IR declined 0.5% to 713.51 million in July 2019. Passenger traffic fell 0.6% to 2789.54 million in April-July FY2020. The passenger traffic is below the budget estimate of 2856.76 million for April-July FY2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 12 2019. 17:24 IST