Indian Railways registers record profit of Rs 2.40 lakh crore for FY 2022-23
This is a 25% increase over the prior year, or almost Rs. 49,000 crores more.
FollowNew Delhi: For the fiscal year 2022–2023, Indian Railways reported record revenue of Rs. 2.40 lakh crores. This is a 25% increase over the prior year, or almost Rs. 49,000 crores more. Freight income increased to Rs.1.62 lakh crores during this fiscal year 2022–23, an increase of over 15% from the previous year. Passenger revenue for Indian Railways has increased by an all-time high of 61% to reach Rs. 63,300 Crores.Â
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Indian Railways is able to cover all pension costs after three years. Revenue buoyancy and strict expense control have made it possible to achieve an operating ratio of 98.14%, which is well within the RE target. After paying for all revenue-related expenses, Railways generated Rs 3200 Crores from internal resources for capital investment (Rs 700 Cr for DRF, Rs 1000 Cr for DF, and Rs 1516.72 Cr for RRSK).
Indian Railways generated Rs 63,300 Cr. in traffic income in 2022–23 as opposed to Rs 39,214 Cr. in 2021–22, a 61% increase from the previous fiscal year. In 2022–23, Indian Railways made Rs. 5951 Cr. in revenue from another coaching, up from Rs. 4899 Cr. in 2021–22 and 21% more than the previous fiscal year.
The network's capacity was increased with an investment of Rs 1 lakh cr. The biggest-ever commissioning of new lines, doubling/multi-tracking, etc. occurred in FY23, totaling 5243 KM.
With an investment of Rs 6657 crore, 6565 km of track were electrified, helping the railways move closer to attaining their target of 100% electrification in the current fiscal year. Tracks, bridges, grade separators, and other safety-related infrastructure were strengthened with a total cost of Rs 25,913 Cr.
For increased loading capacity and improved passenger comfort, modern rolling stock worth Rs 44,291 Cr was purchased.
