South Western Railway registers 7.9% growth in freight loading
The Hindu
South Western Railway achieves record freight loading and revenue in 2023-24, with growth in various sectors and infrastructure development.
South Western Railway has achieved originating freight loading of ₹50.37 million tonnes during 2023-24 which is the highest since its inception and thereby registered a growth of 7.9% over the last financial year.
According to a press release, the originating freight revenue earned during 2023-24 is ₹5022.85 crore which is also the highest since inception and is 8.94% more than the achievement during the last fiscal.
During 2023-24, the railway zone has recorded a parcel earning of ₹157.69 crore.
The zone has loaded 658 automobile rakes in the financial year 2023-24. Sundry earnings stand at ₹333.46 crore and earning from sale of scrap stand at ₹155.32 crore.
During 2023-24, the railway zone has completed 43 km of doubling, 29 km of new lines and 611 route km of electrification.
The railway zone set a record by best ever freight loading of 5.06 million tonnes with an increase of 2.26% in March 2024. The previous best was 4.95 million tonnes during March 2023.
While Hubballi Division loaded 36.551 million tonnes during the financial year 2023-24, which is the highest loading after seven years, Mysuru Division has achieved best ever freight loading of 11.65 million tonnes. The previous best being 9.54 million tonnes during 2022-23.
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