Railway’s freight figures continue to impress; Oct earnings, loadings jumps 18%, revenue up by Rs 251 cr

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Sector specific meetings being held to further push the loading and further improve coordination among all stake holders at all levels

Indian Railways’ freight figures continue to impress and move on much higher trajectory as compared to last year in terms of earnings and loading in the first week of October for the national transporter.

On mission mode, Indian Railways' freight loading till October 8 crossed last year’s loading and earnings for the same period.

In October 2020, Indian Railways loading was 26.14 million tonne which is 18 percent higher compare to last year’s loading for the same period (22.1 million tonne).

In this period Indian Railways earned Rs. 2477.07 crore from freight loading which is also Rs 250.71 crore higher compare to last year’s earnings for the same period (Rs 2226.36 crore).

In the month of October till October 8 2020, Indian Railways loading was 26.14 million tonne which includes 11.47 million tonne of coal, 3.44 million tonne of iron ore, 1.28 million tonne of foodgrains, 1.5 million tonne of fertilizers and 1.56 million tonne of cement (excluding clinker).

It is worth mentioning that a number of concessions/discounts are also being given in Indian Railways to make railway’s freight movement very attractive.

It may be noted that improvements in freight movements will be institutionalised and incorporated in the upcoming zero based time table.

COVID-19 has been used by Indian Railways an opportunity to improve all round efficiencies and performances.

The railway said that sector specific meetings are being held to further push the loading and further improve coordination among all stake holders at all levels.

Again, meetings was held with industry leaders of Cement, coal power, steel, iron ore, automobiles during last one week.

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