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Railways closes FY21 with record 3% higher freight revenue
By TOG News service
Apr 01, 2021

TOG NEWS SERVICE, NEW DELHI, APR 1, 2021: DEFYING COVID-19 challenges, Indian Railways closed 2020-21 with a 3 per cent increase in freight revenue and 2 per cent growth in loading, as per official figures on Wednesday.

The national transporter saw record freight loading and earnings this fiscal as it carried 1,224.45 million tonne of freight in 2020-21 compared to last year's 1205.04 million tonne. Revenue increased by 3 per cent to Rs. 1,16,634.9 crore from freight loading compared to last year's earning of Rs. 1,13,477.9 crore.

Earning from freight loading also grew in March, 2021 to Rs. 12,137.22 crore, 24 per cent higher compared to the same month last year when it had stood at Rs. 9,806.09 crore. Railways also loaded 122.19 million tonne of freight in March, which was a growth of 24 per cent compared to last year's loading that was 98.76 million tonne.

The Railway Ministry said it has used the lockdown period to improve all round efficiencies, upgrade pending infrastructure projects and freight performance. They offered concessions and discounts, and set up various development units to attract more customers.