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Indian Railways registers record Revenue of Rs. 2.40 Lakh Cr. for FY 2022-23

Newdelhi:17/4/23:Indian Railways has registered record revenue figures of Rs. 2.40 Lakh Crores for Financial Year 2022-23. This is nearly Rs.49,000 Crores more than the previous year, reflecting 25% growth. During this financial year 2022-23, Freight revenue too has leapfrogged to Rs.1.62 lakh Crores, a growth of nearly 15% on previous year. Indian Railways’ passenger revenues have registered an all-time high growth of 61% to reach Rs.63,300 Crores. 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 expenditure, Railways generated Rs 3200 Crores for Capital investment from its internal resources (Rs.700 Cr for DRF, Rs. 1000 Cr for DF and Rs 1516.72 Cr for RRSK)

In terms of Traffic revenue, Indian Railways earned Rs 63,300 Cr. as passenger revenue in 2022-23 as compared to Rs 39,214 Cr. in 2021-22 which is 61% higher than the last financial year. Indian Railways earned Rs 5951 Cr as other coaching revenue in 2022-23 as compared to Rs 4899 Cr during 2021-22 which is 21% higher than the last financial year, Sundries revenue stood at Rs 8440 Cr during FY 22-23 as compared to Rs 6067 Cr in 2021-22 which is 39% higher than the last year. During 2022-23, Gross revenue stood at Rs 2,39,803 Cr compared to Rs 1,91,278 Cr in 2021-22. Also, Gross Traffic receipts stood at Rs 2,39,750 Cr as compared to Rs 1,91,206 Cr in 2021-22. Total Railway Receipts during 22-23 is Rs 2,39,892 Cr as compared to Rs. 1,91,367 Cr. in 2021-22. Total Railway expenditure during 22-23 is Rs 2,37,375 Cr as compared to Rs 2,06,391 Cr. in 2021-22. Operating ratio during FY 22-23 is 98.14%.

Rs 1 lakh cr was invested in augmenting capacity of network. FY23 saw highest ever commissioning of New lines and Doubling/Multi-tracking etc of 5243 KMs.

6565 KMs of Track were electrified with investment of Rs 6657 cr, propelling Railways towards achieving goal of 100% electrification in current fiscal.

Railways are focused on providing safety highest priority. An investment of Rs 11,800 Cr under Rashtriya Rail Sanrakhsa Kosh was made during FY23 for various safety works. Government while appreciating the need for renewal of ageing assets, has provided Rs 10,000 Cr, and Railways also contributed Rs 1800 Cr from internal resources for upgradation of depreciated assets.

Total investment of Rs 25,913 Cr was made towards safety in strengthening Tracks, Bridges, Grade separators etc.

The higher investments in DFC and Mumbai-Ahmedabad bullet train project has ensured rapid progress in these projects. NHRSCL was provided Rs. 12,000 Cr and DFCCIL Rs 14900 Cr.

Vande Bharat is being proliferated on the system. Wagon procurement jumped by 77.6% over previous year to 22,747 wagons.  Modern Rolling stock of Rs 44,291 Cr was procured for better passenger comfort and for augmenting Railways loading capacity.

During 2022-23, Total GBS was Rs 1,59,244 Cr. as compared to Rs 1,17,507 Cr. during 21-22. Total capex was Rs 2,03,983 Cr as compared to Rs 1,90,267 Cr in 2021-22.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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