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Indian Railways Achieves Rs 2,56,00,00,00,000 Revenue With Rs 3,260 Crore Profit Milestone- Check How
In 2023-24, Indian Railways earned Rs 2,56,093 crore with a net profit of Rs 3,260 crore, driven by freight growth and operational efficiency. Freight loading rose 29 per cent since 2020-21, aided by private sector investments, infrastructure upgrades, and specialised wagons. Non-fare revenue expanded through innovative initiatives under the NINFRIS policy.
2023-24 Earnings
In 2023-24, Indian Railways earned Rs 2,56,093 crore with revenue expenditure of Rs 2,52,834 crore, posting a net profit of Rs 3,260 crore.
Profit Strategy
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Indian Railway adopted a two-pronged approach including boosting revenue and improving operational efficiency.
Freight Growth
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According to PIB, Freight loading rose from 1,233 million tonnes in 2020-21 to 1,591 million tonnes in 2023-24.
Freight Initiatives
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Promoting private sector investment in modern freight terminals under the Gati Shakti Multi-Modal Cargo Terminal (GCT) policy and upgrading railway-owned goods sheds.
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Encouraging private investment in specialised wagons for cement, oil, steel, fly-ash, automobiles, etc., along with cargo aggregation schemes like “Cargo Aggregator Transportation Product” and “Joint Parcel Product – Rapid Cargo Services.”
Non-Fare Revenue Boost
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Implemented NINFRIS policy to attract innovative revenue ideas, introducing facilities like nursing pods, luggage wrapping, digital cloakrooms, Khadi kiosks, handicraft kiosks, EV charging stations, and oxygen parlours. (Images: ANI)
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