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Tejas Express rides its way to Rs 7 million profit till October: Report

The train has run with an average occupancy of 80-85 per cent since it began operations on October 5, the sources said

Press Trust of India  |  New Delhi 

Lucknow: The guard of the Lucknow-Delhi Tejas Express, India's first 'private' train by IRCTC (Indian Railway Catering and Tourism Corporation), waves the green flag after its was flagged off from the Charbagh Railway station in Lucknow, Friday.
Lucknow: The guard of the Lucknow-Delhi Tejas Express, India's first 'private' train by IRCTC (Indian Railway Catering and Tourism Corporation), waves the green flag after its was flagged off from the Charbagh Railway station in Lucknow, Friday.

IRCTC's has made a profit of around Rs 7 million till October this year while earning a revenue of nearly Rs 3.70 crore through sale of tickets, sources said, signalling a steady start for the Railways' first "privately" run train.

The Indian Railway Catering and Tourism Corporation's Lucknow-Delhi is part of the Railways' bid to develop 50 railway stations of world-class standards and allowing private passenger train operators to run 150 trains on its network.

The train has run with an average occupancy of 80-85 per cent since it began operations on October 5, the sources said.

From October 5 to October 28 (21 days, as the train runs six days a week), the expenditure incurred by IRCTC in running the train was around Rs 3 crore, they said.

The Railway subsidiary, which spent an average of nearly Rs 14 lakh per day to run the state-of-the-art train, earned around Rs 17.50 lakh daily from passenger fares.

The on the Lucknow-Delhi route is the Railways' first experience of running a train by non-railway operator and its own subsidiary IRCTC.

The IRCTC has a slew of benefits worked out for its passengers -- combination meals, free insurance of up to Rs 25 lakh and compensation in case of delays.

The government last month constituted a special task force comprising a group of secretaries to expedite the initiative on private train operation and station redevelopment projects. However, the first meeting of the group is yet to take place.

First Published: Sun, November 10 2019. 18:45 IST
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