In 25% jump, Railways registers record Rs 2.4 lakh cr revenue
NEW DELHI: Indian Railways has registered a record Rs 2.4 lakh crore revenue in 2022-23, logging an increase of nearly 25% from the previous financial year’s earnings.
On Monday, the railway ministry said during the last financial year, which ended on March 31, freight revenue leapfrogged to Rs 1.6 lakh crore, registering a growth of nearly 15% on previous year and the passenger revenues recorded an all-time high growth of 61% to reach Rs 63,300 crore.
“After 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 98.1%, well within the target of the revised estimate,” said the railway ministry.
