Railways raises freight rates on key commodities by 8.75% to boost revenue

Rates applicable to coal, iron and steel, iron ore and raw materials for steel plants

Indian Railways on Tuesday increased the freight rates for major commodities like coal, iron and steel, iron ore and raw materials for steel plants by 8.75 per cent, which will translate into an additional revenue of Rs 33.44 billion for the national transporter.

The move to rationalise freight rates is to ensure additional revenue generation across the network to enhance passenger amenities, safety, service and punctuality, Railways said in a statement today. Furthermore, the haulage charges of containers has been increased by 5 per cent and the freight rates of other small goods have been increased by 8.75 per cent.