Freight revenue continues to decline for sixth straight month at 1.5% in December 2019
Freight loading of the Indian Railway (IR) increased 4.3% to 108.86 million tonnes (mt) in December 2019 over December 2018. Meanwhile, the freight revenue continued to decline for sixth straight at 1.5% to Rs 11030.44 crore in December 2019.The net tonne kilometers (ntkm) fell 0.2% to 59877 million in December 2019. The revenue per tonne dipped 5.5% to Rs 1013, while the revenue per ntkm declined 1.3% to 184 paise.
IR's freight loading stood at 890.73 mt in April-December FY2020, showing a decline of 0.6% over 895.96 mt in April-December FY2019. The freight loading at 890.73 mt for April-December FY2020 was lower than the budget estimate of 934.65 mt for the period.
Coal transportation, accounting for 48.9% of the total loading, rose 1.5% to 53.23 mt, while loading moved up for iron ore at 16.5% to 13.70 mt, cement 5.7% to 10.25 mt and finished steel 11.7% to 4.77 mt in December 2019. Further, the loading of fertilizers increased 9.5% to 4.95 mt, container service 3.8% to 5.17 mt, other goods 2.2% to 7.51 mt and raw material for steel plant 3.4% to 2.12 mt. However, the loading of petroleum oil products declined 0.5% to 3.76 mt and food grains 3.4% to 3.40 mt in December 2019.
The revenue from coal transportation, accounting for 49.9% of the total freight revenue, declined 1.6% to Rs 5499.21 crore, while freight revenue dipped for food grains at 16.9% to Rs 566.47 crore, other goods 10.4% to Rs 667.58 crore and cement 4.9% to Rs 791.98 crore. The loading revenue of finished steel also declined 2.9% to Rs 667.94 crore, fertilizers 3.3% to Rs 576.89 crore and raw material for steel plant 6.0% to Rs 188.24 crore. However, the freight revenue from iron ore moved up 21.9% to Rs 1023.25 crore, petroleum oil products 4.6% to Rs 545.61 crore and container service 0.5% to Rs 503.27 crore in December 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
