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Indian Railway registers 19.85% earnings growth
by Jo BlackIndian Railways has registered an increase of 19.85 per cent on originating basis earning during 1st April - 31st May 2008.
It earned Rs. 133.372 billion ($3.33 billion) during the period as compared to Rs. 111.2595 billion ($2.78 billion) during the same period last year.
The total goods earnings, registered an increase of 23.54 per cent to Rs. 91.2174 billion ($2.2 billion) during 1st April-31st May 2008 against Rs. 73.8335 billion ($1.84 billion) during the same period last year.
The total passenger revenue earnings during the first two months of the financial year 2008-09 were Rs. 37.2758 billion ($0.93 billion) compared to Rs. 33.1996 billion ($0.82 billion ) during the same period last year, registering an increase of 12.28 per cent.
The revenue earnings from other coaching amounted to Rs. 3.5781 billion ($89.4 million) during April-May 2008 compared to Rs. 3.1663 billion ($79.1 million) during the same period last year, an increase of 13.01 per cent.
Indian Railways (IR), which is a department of the government of India, under the Ministry of Railways, and is tasked with operating the rail network in India, has a total state monopoly on India’s rail transport.
It is one of the largest and busiest rail networks in the world, transporting seventeen million passengers and more than one million tonnes of freight daily.
IR is the world’s largest commercial or utility employer, with more than 1.6 million employees.
The railways traverse the length and breadth of the country; the routes cover a total length of 63,465 km (39,435 miles).
As of 2005, IR owned a total of 222,379 wagons, 42,125 coaches and 7910 locomotives and ran a total of 14,444 trains daily, including about 8,702 passenger trains.
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