Railway's freight revenue increases y-o-y by 18.9% in August

5 Sept 2022 , 03:13 PM

Indian Railways' freight revenues reached Rs12,926 crore in August, helped by increased coal supplies to fulfill the record-breaking demand for electricity.

The national transporter moved 119 million tonnes (mt) of commodities and raw materials in the previous month, an increase of 7.9% compared to the same period last year (YoY). This occurs despite the fact that floods and heavy rains caused damage to the railway system and states that produce coal.

With this, the national transporter's freight operations have brought in Rs66,658 crore till now in the current fiscal year.

Freight loading on the railways climbed by 8% over the previous year in August 2022, while revenue increased by 18.9%. Railways transported 58 mt of coal for the month of August, up from 48 mt last year, marking a 20% yearly increase in coal loading.

In August, coal freight income increased by a staggering 42%, and nearly 39% for the entire month.

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