Indian Railways has registered a record revenue of Rs 2.40 lakh crore in fiscal 2023, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday. In FY23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15% from the previous year. Indian Railways’ passenger revenue has registered an all-time high growth of 61% to Rs 63,300 crore.
“After three years, Indian Railways can fully meet the pension expenditures. Buoyancy in revenues and tight expenditure management have helped achieve an operating ratio of 98.14%, well within the RE target. After meeting all revenue expenditure, railways generated Rs 3,200 crore for capital investment from its internal resources,” it said.
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