The loss-making Indian Railways is back in the black, with railway minister Suresh Prabhu’s bet on non-fare revenue from right of way charges, reimbursements for strategic lines, advertising, land monetization, catering and parking paying off.
The performance is all the more creditable because Indian Railways’ freight revenue has stayed almost flat.
Indian Railways clocked revenue of Rs165,068 crore in 2016-17, a marginal increase over the Rs163,791crore registered in 2015-16. The revenue was powered by a 72% increase in non-fare revenue from sources including right of way charges to Rs10,181 crore from Rs5,928 crore in 2015-16, according to an official who shared the numbers with Mint on condition of anonymity. Read more