NE BUSINESS BUREAU
CHENNAI, OCT 12
The Southern Railway has reported a whopping 37.78 percent growth earnings to Rs 1,766 for the six monthly period from April to September 2022 when compared to that corresponding period in the last fiscal, says a release.
- 19.132 Million Tonnes of Originating Freight loading achieved in the first half of 2022-23 recording 34.92% increase over last year
- In September 2022, Southern Railway attains 2.938 MT of freight loading, an increase of 13.6% over September 2021 loading
Witnessing continuous progress in the freight segment year-on-year, Southern Railway’s freight figures rose substantially in the first half of the current fiscal. The Zone attained Originating Freight Earnings of Rs 1,766.17 crores with the volume of 19.132 Million tonnes (MT) of commodities during the first half of financial year 2022-23. The earnings exceeded the board target for the six monthly period from April to September 2022 by 38% and by 17.42% when compared to that corresponding in the last FY. At 19.132 Million Tonnes, the originating freight loading registered during April – September 2022 exceeded Railway Board’s target by 34.51% and exceeded the corresponding figures of last FY 2021-22 by 34.92%.
Highlights of September 2022
This growth in freight loading during the month of September 2022 has been fuelled by incremental loading of 0.25 MT in Coal, 0.12 MT in Food grains and 0.1 MT in POL over September 2021. The loading of Coal, Food grains and POL generated earnings of Rs 129.86 crores, Rs 14.56 crores and Rs 30.01 crores respectively. The revenue from Coal loading increased by 21.21% compared to September 2021. The earnings from foodgrains grew by 78.21% when compared to September 2021.
