New Delhi: The Indian Railways has utilised 61% of its budgeted allocation - till October-end - through a ₹1.63 lakh crore capital expenditure (capex) for the current fiscal. According to officials aware of the development, earnings of the national transporter were at an upswing with ₹1.02 lakh crore earnings from freight and ₹46,374.5 crore from passengers during the months under review.
"Total revenue stood 6.1% higher at ₹1.49 lakh crore this fiscal," a senior official told ET.
For the full fiscal, the Railways has earmarked ₹2.65 lakh crore as capex. It also expects to rake in ₹80,000 crore from passengers, and ₹1.80 lakh crore as freight revenue.
Budget 2024-25 had rejigged allocations to the Indian Railways public enterprises and tweaked amounts under other heads such as buying trains. Despite the tinkering, a broader push towards modernised Vande Bharat trains, easing congestion, and faster freight movement on energy, cement, and port connectivity routes continued.
Allocation for the Mumbai-Ahmedabad bullet train project is kept at ₹21,000 crore. The Dedicated Freight Corridor expects to get a boost with the enhanced budgetary support of ₹8,155 crore. Capital expenditure for rolling stock-locomotives, wagons, and coaches-is pegged at ₹40,313.78 crore this year.
According to official estimates, there is an increase in both reserved and unreserved passengers using the Indian Railways this year. There is a 5.94% rise in the number of unreserved passengers this year, crossing 3.85 billion this fiscal. Reserved passengers this fiscal stood 6.42% higher at 501.12 million till October-end.
For the full financial year, the Railways aims to ferry 7.47 billion passengers, up from 6.84 billion in fiscal 2023-24.
Revenue expenditure for the current fiscal stood at ₹1.35 lakh crore till October-end. This is largely used to pay pensions, salaries, buy diesel and electricity to operate trains. The Railways expects to incur ₹1.18 lakh crore as staff cost and ₹65,000 crore for pensions this fiscal.
Railways plans to buy diesel worth ₹10,817.34 crore, and electricity for ₹23,744.94 crore in fiscal 2024-25.
It also needs to pay ₹21,806.47 crore as Lease charges to the Indian Railway Finance Corporation ( IRFC), among others.
"Total revenue stood 6.1% higher at ₹1.49 lakh crore this fiscal," a senior official told ET.
For the full fiscal, the Railways has earmarked ₹2.65 lakh crore as capex. It also expects to rake in ₹80,000 crore from passengers, and ₹1.80 lakh crore as freight revenue.
Budget 2024-25 had rejigged allocations to the Indian Railways public enterprises and tweaked amounts under other heads such as buying trains. Despite the tinkering, a broader push towards modernised Vande Bharat trains, easing congestion, and faster freight movement on energy, cement, and port connectivity routes continued.
Allocation for the Mumbai-Ahmedabad bullet train project is kept at ₹21,000 crore. The Dedicated Freight Corridor expects to get a boost with the enhanced budgetary support of ₹8,155 crore. Capital expenditure for rolling stock-locomotives, wagons, and coaches-is pegged at ₹40,313.78 crore this year.
According to official estimates, there is an increase in both reserved and unreserved passengers using the Indian Railways this year. There is a 5.94% rise in the number of unreserved passengers this year, crossing 3.85 billion this fiscal. Reserved passengers this fiscal stood 6.42% higher at 501.12 million till October-end.
For the full financial year, the Railways aims to ferry 7.47 billion passengers, up from 6.84 billion in fiscal 2023-24.
Revenue expenditure for the current fiscal stood at ₹1.35 lakh crore till October-end. This is largely used to pay pensions, salaries, buy diesel and electricity to operate trains. The Railways expects to incur ₹1.18 lakh crore as staff cost and ₹65,000 crore for pensions this fiscal.
Railways plans to buy diesel worth ₹10,817.34 crore, and electricity for ₹23,744.94 crore in fiscal 2024-25.
It also needs to pay ₹21,806.47 crore as Lease charges to the Indian Railway Finance Corporation ( IRFC), among others.
You may also like
UPSC Combined Geo-Scientist Exam 2024: Interview Schedule Announced At upsc.gov.in
'Executive cannot become a judge': SC lays down pan-India guidelines on demolition of properties
7 Essential Uses Of Tulsi Plant (Holy Basil)
Israeli PM Benjamin Netanyahu Criticizes Iran's Leadership For Prioritizing Destruction Of Israel Over Building Iran
Sudan's Red Sea State appeals for international aid as displaced population surges
