Indian Railways achieves record freight business performance in FY23

04 Apr '23

1 min read

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Insights

Indian Railways achieved its best performance in its freight business in FY23, recording an originating freight loading of 1,512 MT, representing a growth rate of around 7 per cent.
The NTKM also grew by 10 per cent to reach 903 billion NTKMs.
The gross freight revenues are expected to be over ₹1.6 lakh crore with a growth rate of approximately 14 per cent.

Indian Railways has recorded its best ever performance in terms of the output from its freight business in the financial year 2022-23 (FY23), according to preliminary data released by the national carrier. The company achieved an originating freight loading of 1,512 MT, representing an incremental loading of 94 MT over the previous best of 1,418 MT achieved in FY22, with a growth rate of around 7 per cent.

The freight transport unit, or net tonne kilometre (NTKM), of Indian Railways also achieved an impressive growth rate of 10 per cent to breach the 900-billion mark for the first time, reaching 903 billion NTKMs in FY23, compared to 820 billion NTKMs achieved the previous year, ministry of railways said in a press release.

Coal was the major contributor to this growth, with Indian Railways achieving an incremental loading of 74.6 MT, followed by 8.7 MT in other goods.

The gross freight revenues of Indian Railways are expected to be more than ₹1.6 lakh crore, with a growth rate of approximately 14 per cent.

ALCHEMPro News Desk (DP)

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