South Central Railway registers highest gross revenue of nearly Rs 19,000 cr 
News Updates

South Central Railway registers highest gross revenue of nearly Rs 19,000 cr

The South-Central Railway (SCR) Zone has earned a gross originating revenue of Rs 18,973.14 crore during fiscal 2022-23

PSU Watch Bureau

Hyderabad: The South-Central Railway (SCR) Zone has earned a gross originating revenue of Rs 18,973.14 crore during fiscal 2022-23, which is the highest originating revenue earned by the zone since its inception, a senior official said on Monday.

The zone achieved its best-ever earnings in 2022-23: Jain

"Backed by proactive planning and dedicated efforts by Team SCR on all segments of its operation, the zone achieved its best-ever earnings in 2022-23 by recording Rs 18,973.14 crore in Originating Revenue compared to its best-ever earning of Rs 15,708.88 crore in 2018-19," said SCR General Manager Arun Kumar Jain

Initiatives taken by SCR addressed needs of freight consumers

The zone took proactive initiatives to address the needs of the freight customers with initiatives like the development of the goods shed, implementation of both tariff and non-tariff incentive measures, and so on, which resulted in new traffic being attracted towards Railways, he said.
This has in turn contributed towards SCR achieving the best-ever originating freight loading and revenue of 131.854 million tonnes and Rs 13,051.10 crore respectively, he said.

255.59 mn originating passengers travelled from SCR in 2022-23

On the passenger front, SCR achieved its best-ever originating passenger Revenue of Rs 5,140.70 crore in 2022-23 (against the previous best of Rs 4,089.78 crore in 2018-19), Jain said. In terms of passengers, 255.59 million originating passengers travelled from SCR in 2022-23 compared to 127.4 million in 2021-22.

In terms of track addition, a record 384.42 kilometres were added during 2022-23 compared to the previous best of 344 kilometres in 2021-22. While 50.015 kilometres of new lines were added during FY 2022-23, 151.486 kilometres of double line and 182.915 kilometres of third lines were added to the rail network. With regard to electrification, Jain said the Zone witnessed a record 1,016.9 kilometres being electrified in SCR during 2022-23. This is not only the highest electrification achieved by the zone in any financial year but also the highest achieved by any zone during the last financial year across the Indian Railways, the SCR GM added. 

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

IIFCL in talks with ADB, Korean Exim Bank to raise $600 million

Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents

Govt invites job applications for PNGRB's Member post

Power Minister visits NHPC’s Nimoo Bazgo Power Station in Ladakh

Delegates from 18 countries attend RBI's policy conference of Global South central banks