Indian Railways' earnings up 16.48 percent
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Indian Railways' earnings up 16.48 percent

Wednesday, 11 April 2007, 07:00 Hrs
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New Delhi: The earnings of the Indian Railways, one of the largest railroad networks in the world, jumped 16.48 percent during the last fiscal at 624.84 billion ($14.2 billion).

The latest data released by the railway ministry shows that the network carried 6.35 billion passengers, around five times the country's population, to register an increase of 11.9 percent over the previous year's figure of 5.93 billion.

The number of passengers booked for the suburban and non-suburban sectors amounted to 3.52 billion and 2.83 billion - an increase of 5.57 percent and 9.01 percent, over the previous year's 3.33 billion and 2.60 billion, respectively.

The railways had earned a net profit of 536.45 billion ($12.19 billion) during the same period last year. While passenger earnings grew by 11.9 percent, earnings from transporting goods were up 15.9 percent, the data showed.
Source: IANS
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