Home / Companies / News /  Indian Railways crosses 1,000 MT in freight loading in FY22-23

NEW DELHI : Indian Railways (IR) crossed 1000 million tons (MT) in freight transportation in FY 22-23, said the Ministry of Railways on Wednesday.

IR has loaded 1,002 MT of freight in the current year. On 06 December last year, Railways had achieved a freight loading of 926.4 MT. 

“This year, Railways has registered incremental loading of 76.3 MT with growth rate of 8.25%. In revenue terms, the freight revenues stood close to Rs. 1,08,593 crores in the current year, compared to the Rs. 93,532 crores last year till 06 December. This reflects an improvement of 16.10%," the ministry added. 

Coal contributed 485 MT in the 1,000 MT mark against the 425 MT last year, registering a 14.25% growth. It is also the biggest contributor to incremental volumes with 60 MT of incremental traffic in the period. 

“The second biggest contributor to incremental volumes this year has been balance other goods segment (a basket of commodities like stone, ash, bauxite, metals, automobiles, Gypsum salt, salt etc) which has shown 10% improvement (83 MT in current FY as vis-à-vis 75 MT in last FY) in loading resulting in 19% increase in revenue," the ministry said. 

Third biggest contributor to this growth is Cement and clinker group, with 8% increase in volume followed by fertilizers which registered a growth of 13.9% with incremental volumes of 4.7 MT. 

“Following the Mantra, ‘Hungry for Cargo’, IR has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices which has resulted in new traffic coming to railways from both conventional and non-conventional commodity streams," the ministry added.


Swati Luthra

Swati Luthra writes on climate change, water, environment and forest issues for Mint. A graduate in Psychology, Swati has been mapping India’s policy initiatives to help meet the pledges made at CoP-26 including achieving net-zero carbon emissions by 2070.
Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less

Recommended For You

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout