A record coal haulage continues to bring cheer to Indian Railways (IR) since the last fiscal. The good news on coal carriage continues in the first two months of the current fiscal too. With the economy back on the growth path, there has been a huge upsurge in demand for coal from power plants across the country and this has boosted the earnings of IR significantly, with coal accounting for nearly half of the railway’s total freight basket.
The IR’s record total freight haulage in 2017-18 stood at 1,162 million tonne (MT), which was 53 MT more than the previous fiscal (1,109 MT). Buoyed by this success, the IR is now eyeing 2,000 MT of freight loading by 2022-23, an increase of over 72% in five years. Of course, the success of this ambitious target hinges primarily on a huge increase in coal haulage. As of now, annual coal loading is around 555 MT but the projection for 2022-23 is almost three times at 1,500 MT.
According to a data from IR, total goods carriage saw a year-on-year increase of a whopping 13.45 MT between April and May this year at 199.87 MT (186.42 MT). Total earnings from freight jumped by more than 10% to Rs 20,124.28 crore (Rs 18,232.37 crore), or almost by Rs 1,900 crore during these two months. That works out to incremental earnings of over Rs 30 crore per day, on an average. Read More