The Indian Railways has registered record revenue of Rs 2.40 lakh crore for the financial year 2022-23, which is nearly Rs 49,000 crore more than the previous year, reflecting a 25 per cent growth, according to an official statement.
Indian Railways’ passenger revenue has also registered an all-time high growth of 61 per cent to reach at Rs 63,300 Crore, it said. During this financial year 2022-23, freight revenue too has leapfrogged to Rs 1.62 lakh crore, a growth of nearly 15 per cent on the previous year.
“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%, well within the RE target. After meeting all revenue expenditures, Railways generated Rs 3200 Crore for Capital investment from its internal resources (Rs 700 Cr for DRF, Rs 1000 Cr for DF and Rs 1516.72 Cr for RRSK),” the statement read.
It further that, Indian Railways earned Rs 63,300 Cr as passenger revenue in 2022-23 as compared to Rs 39,214 crore in 2021-22 which is 61 per cent higher than the last financial year.(ANI)
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