Railways carries billion tonne cargo till Feb-end thanks to revival in coal, metals

Railways carries billion tonne cargo till Feb-end thanks to revival in coal, metals

Indian Railways, which has been witnessing a downward trajectory in its freight segment, said it has crossed its revised estimates for freight loading till February this financial year.

The national carrier is set to cross its revised target of 1,094 million tonne (MT) this financial year, member traffic, Railway Board, Mohd Jamshed told InfraCircle.

“We will be achieving the revised target which was around 1,094 MT… we have done 1,000 MT till February. We should be doing about 100 plus MT in March, we have crossed the billion mark,” Jamshed said.

According to data reviewed by InfraCircle till 20 February, the national carrier’s freight loading stood at 971.93 MT, slightly lower than 972.92 MT during the same period last year. The national carrier has revised its freight target for the period to 964.09 MT.

Interestingly, budget estimate for freight loading between 1 April 2016 and 31 January 2017 was 958.81 MT. Railways carried 906.95 MT freight till 31 January, compared with 912.55 MT loading during the same period last year.

This comes at a time when railways is lagging its financial year 2017-18 freight and passengers earning targets by about Rs.15,000 crore as reported by InfraCircle on 31 January.Read More…

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