The Business Bytes
TBB BUREAU
NEW DELHI, APRIL 17, 2023
Indian Railways has registered record revenue figures 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 25% growth.
During financial year 2022-23, Freight revenue too has leapfrogged to Rs.1.62 lakh crore, 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 crore. A
fter 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 crore for Capital investment from its internal resources (Rs.700 Cr for DRF, Rs. 1000 crore for DF and Rs 1516.72 crore for RRSK)
In terms of Traffic revenue, Indian Railways earned Rs 63,300 crore as passenger revenue in 2022-23 as compared to Rs 39,214 crore in 2021-22 which is 61% higher than the last financial year. Indian Railways earned Rs 5951 crore as other coaching revenue in 2022-23 as compared to Rs 4899 crore during 2021-22 which is 21% higher than the last financial year, Sundries revenue stood at Rs 8440 crore during FY 22-23 as compared to Rs 6067 crore in 2021-22 which is 39% higher than the last year.
During 2022-23, Gross revenue stood at Rs 2,39,803 crore compared to Rs 1,91,278 crore in 2021-22. Also, Gross Traffic receipts stood at Rs 2,39,750 crore as compared to Rs 1,91,206 crore in 2021-22.
Total Railway Receipts during 22-23 was Rs 2,39,892 crore as compared to Rs. 1,91,367 crore in 2021-22. Total Railway expenditure during 22-23 was Rs 2,37,375 crore as compared to Rs 2,06,391 crore in 2021-22. Operating ratio during FY 22-23 was 98.14%.
Rs 1 lakh crore 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 crore, propelling Railways towards achieving goal of 100% electrification in current fiscal.
