Lagatar24 Desk
New Delhi, April 18: The Indian Railways reported a record revenue of Rs 2.40 lakh crore for the fiscal year 2022–23, which is approximately Rs 49,000 crore higher than the prior year and represents a 25% gain, as per an official statement.
Indian Railways’ passenger revenue increased by a record-breaking 61% to reach Rs 63,300 Crore, the statement said.
Freight revenue increased to Rs 1.62 lakh crore during this fiscal year 2022–23, an increase of over 15% from 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.
Further, it states that Indian Railways generated Rs 63,300 Cr in passenger income in 2022–23 as compared to Rs 39,214 Cr in 2021–22, a 61% increase from the previous fiscal 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 per cent 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,” the statement read.
It further added, “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 per cent.”
The network’s capacity was increased with an investment of Rs 1 lakh crore. The highest-ever commissioning of new lines and 5243 KMs of doubling, multi-tracking, etc. occurred in FY23.
In order to move closer to achieving 100% electrification in the current fiscal year, 6565 km of railway were electrified at a cost of Rs 6657 cr.
“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,” the statement read.
In order to improve safety, a total of Rs 25,913 crore was invested in upgrading tracks, bridges, grade separators, etc. The faster progress on the DFC and Mumbai-Ahmedabad bullet train projects is due to the increased funding levels. According to the statement, NHRSCL received Rs 12,000 Cr and DFCCIL Rs 14900 Cr.
According to the statement, Vande Bharat is spreading throughout the system. Purchases of waggons increased by 77.6% over the prior year to 22,747 waggons. For increased loading capacity and improved passenger comfort, modern rolling stock worth Rs 44,291 Cr was purchased.
Total GBS in 2022–23 was Rs 1,59,244 crore as compared to Rs 1,17,507 Cr in 21–22. According to the statement, total capex was Rs 2,03,983 Cr as compared to Rs 1,90,267 Cr in 2021–22.
