2023-04-17 18:15:21
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in the 2022-23 financial year, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday.
In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 per cent from the previous year.
Indian Railways’ passenger revenue has registered an all-time high growth of 61 per cent to reach Rs 63,300 crore.
“After three years, Indian Railways is able to fully meet the pension expenditures. Buoyancy in revenues and tight expenditure management have helped in achieving an operating ratio of 98.14 per cent, well within the RE target. After meeting all revenue expenditure, railways generated Rs 3,200 crore for capital investment from its internal resources,” it said.
The railways has over the years approached the Finance Ministry to bear parts of its pension burden.
The statement further stated that in terms of traffic revenue, the railways earned Rs 63,300 crore in
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