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Railways' freight earnings increase

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Press Trust of India New Delhi

Railways posted eight per cent growth in its earnings from freight traffic during the last financial year despite missing the loading target by 2 million tonnes.

During the financial year, it earned Rs 57594.61 crore from freight traffic as compared to Rs 53137.60 crore during the corresponding period last year, registering an increase of 8.39 per cent.

Out of the total earnings, it earned Rs 22366.69 crore from transportation of 396.10 million tonnes of coal, followed by Rs 8350.77 crore from 132.72 million tonnes of iron ore for exports, steel plants and for other domestic user, said a senior Railway official.

 

Its other earnings included Rs 5282.55 crore from transporting 93.15 million tonnes of cement, Rs 3972.39 crore from 37.52 million tonnes of foodgrains and Rs 3319.63 crore from 39.49 million tonnes of petroleum and lubricants.

Besides, it earned Rs 2772.43 crore from transporting 34.36 million tonnes by container service, Rs 883.46 crore from 11.58 million tonnes of raw material for steel plants except iron ore and Rs. 4135.99 crore from transporting 68.56 million tonnes of other goods, the official said.

The earnings came even as it posted a shortfall of over 2 MT in freight carried, transporting 887.99 million tonnes of freight traffic during April 2009 March 2010 as against its target of 890 MT.

The shortfall was because of the mining scam in Orissa and the resultant clampdown imposed by the state government to check illegal transportation of minerals.

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First Published: Apr 19 2010 | 3:09 PM IST

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