Financial News

Southern Railway registers increase in freight and parcel revenue

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Within the cars section, Southern Railway has transported 18,742 tonne throughout April-Might 2021 and it was 135% greater than the amount transported throughout corresponding interval final 12 months.

Southern Railway’s cumulative earnings from parcel and freight site visitors in April and Might 2021 have elevated by 331.58 % and 52.89 % respectively, over the corresponding interval, final 12 months.

The earnings from freight site visitors throughout April and Might 2021 was at Rs 427.35 crore as in comparison with Rs 279.52 crore whereas earnings from parcel site visitors stood at Rs 14.92 crore as in comparison with Rs 3.46 crore within the corresponding interval final 12 months.

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On the freight entrance, 5.324 million tonne (MT) was loaded throughout April –Might 2021 which was 1.357 MT (34.2%) greater than the corresponding interval over final fiscal, stated an announcement by Southern Railway.

Round 1,756 rakes have been dealt with throughout April-Might 2021 which was 402 rakes extra in comparison with April-Might 2020. The freight loaded has additionally surpassed the goal set by Railway Board by 0.244 MT. The freight basket of Southern Railway consists of coal, uncooked materials for metal crops, iron & metal, cement, foodgrains, fertilisers, petroleum merchandise, cars, containers and others, it stated.

Commodities like coal, iron & metal, cement, fertilisers and POL merchandise recorded improve in loading when in comparison with the earlier 12 months. Round 3.193 MT of coal in 837 rakes was loaded throughout April-Might 2021. This was 47.68% greater in comparison with the loading of coal in April-Might 2020 which stood at 2.162 MT (568 rakes).

Within the cars section, Southern Railway has transported 18,742 tonne throughout April-Might 2021 and it was 135% greater than the amount transported throughout corresponding interval final 12 months. A complete of 42 rakes comprising a complete of 801 wagons have been transported throughout April-Might 2021.

As for the parcel efficiency throughout April-Might 2021, Southern Railway loaded 29376.5 tonne, a rise of 172.5% over the identical interval final 12 months which stood at 10,780.4 tonne, it added.

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