Indian Railways clocks 25% rise in FY23 revenue at Rs 2.40 lakh crore

Indian Railways on Monday posted a 25 per cent growth in its revenues to Rs 2.40 lakh crore for the financial year 2022-23 (FY23). 

This jump in revenues is nearly Rs 49,000 crore more than those of the previous year, according to a statement from the Ministry of Railways. 

During the financial year 2022-23, freight revenue too leapfrogged to Rs 1.62 lakh crore, which showed nearly 15 per cent growth over the previous year. 

According to the statement, Indian Railways’ passenger revenues registered an all-time high growth of 61 per cent to reach Rs 63,300 crore. 

After three years, Indian Railways is able to meet the pension expenditure fully. Buoyancy in revenues and tight expenditure management have helped in achieving an operating ratio of 98.14 per cent, well within the Revised Estimates (RE) target. 

After meeting all revenue expenditures, Indian Railways generated Rs 3,200 crore for capital investment from its internal resources which was about Rs 700 crore for Depreciation Reserve Fund (DRF), Rs 1,000 crore for Development Fund (DF) and Rs 1,516.72 crore for Rashtriya Rail Sanraksha Kosh (RRSK). 

Report By