Indian Railways posts 18.04 percent Q1 revenue growth

Indian Railways posts 18.04 percent Q1 revenue growth

Tuesday, 22 July 2008, 09:59 Hrs
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New Delhi: The Indian Railways earned a total revenue of 195.49 billion in the first quarter of the current fiscal (April-June) as against 165.61 billion in the comparable period of last year, representing a growth of 18.04 percent, a railways ministry statement said Monday.

The Railways' earnings from freight traffic increased to 134.70 billion, up from 110.36 billion in the comparable period of last year, representing a growth of 22.05 percent, the statement said.

However, earnings from passenger traffic at 53.42 billion registered only a modest growth of 9.96 percent, up from 48.58 billion during the corresponding period in the previous fiscal, the statement said.

Indian Railways booked as many as 1,739.33 million passengers in the first quarter of this year as compared to 1,649.04 million booked during the corresponding period of last year. This is an increase of 5.48 percent, the statement said.

In the sub-urban and non-suburban sectors, the number of passengers booked during April-June 2008 was 916.22 million and 823.11 million, respectively, compared to 883.45 million and 765.59 million during the corresponding period last year.

This is an increase of 3.71 percent and 7.51 percent, respectively, the statement added.
Source: IANS
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