Active Stocks
Tue Mar 19 2024 10:51:07
  1. Tata Consultancy Services share price
  2. 4,016.15 -3.10%
  1. Tata Steel share price
  2. 148.35 -0.84%
  1. NTPC share price
  2. 312.20 -1.56%
  1. HDFC Bank share price
  2. 1,443.00 -0.22%
  1. ITC share price
  2. 413.75 -0.87%
Business News/ Industry / Manufacturing/  Rail freight rates on grains, coal to increase from 1 April
BackBack

Rail freight rates on grains, coal to increase from 1 April

Also, one can book a train ticket 120 days ahead of travel date, instead of 60 days as at present

Rate for cement will increase by 2.7% while that of scrap and pig iron will rise by 3.1%, according to the proposals. Photo: MintPremium
Rate for cement will increase by 2.7% while that of scrap and pig iron will rise by 3.1%, according to the proposals. Photo: Mint

New Delhi: From Wednesday, a platform ticket will cost 10, double than at present, and rail freight rates of various commodities, including pulses and urea, will go up by up to 10%.

Also, one can book a train ticket 120 days ahead of travel date, instead of 60 days as at present. Freight rates for grains, pulses and urea would increase by 10%, while the rate for coal would be raised by 6.3%, as per the Railway Budget 2015-15 proposals which will come into effect from 1 April.

Rate for cement will increase by 2.7% while that of scrap and pig iron will rise by 3.1%, according to the proposals.

As proposed in the budget, freight hike of 0.8% will be effected on iron ore and steel while that for bitumen and coal tar, the hike will be of 3.5%. Due to these hikes, freight earnings are estimated to be 1,21,423 crore in the next fiscal as against its estimated freight earnings in 2014-15 of 106,927 crore.

Railways has an ambitious target of carrying 1186 million tons (MT) of goods in the 2015-16 fiscal as against 1105 MT in the current fiscal.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 Mar 2015, 06:13 PM IST
Next Story footLogo
Recommended For You
Manufacturing Stocks
₹530.60.08%
ITC
₹417.4-0.93%
₹2,878.35-1.13%
₹149.6-1%
Switch to the Mint app for fast and personalized news - Get App