New Delhi, April 10: It was concluded that in Financial Year 2016-17, the Indian Railways have noticed a rise in both goods and passenger business after overcoming several odds in its ways. The goods transportation which basically serves the revenue of Indian Railways had recorded the highest ever annual loading of 1107.1 million tonnes (MTs) in 2016-17 beating the previous best of 1104.2 MTs in 2015-16.
Indian Railways said "Amongst the commodities which contributed to this performance is, Iron ore which registered a loading of 137.2 MTs in the fiscal, while the previous best for this commodity was 136.9 MTs in 2007-08. Steel loading was also the highest ever on Indian Railways at 48.3 MTs in 2016-17, crossing the previous best figure of 42.5 MTs in 2015-16”.
In the year 2016-17, the goods business for Railways included the highest ever coal loading from the mines of Coal India Ltd. (CIL) which is expected to be around 223 rakes per day on an average, bettering the previous year's average of 212.8 rakes per day. Official figures say that during 2016-17 around 8221 million passengers travelled on the Indian Railways network as compared to 8151 million in 2015-16 a rise of around 70 million.
During the Financial Year 2016-17, Railways earned be around Rs.47, 400 crore from passenger business which is expected to be more than previous fiscal of Rs.2000 crore.
Suresh Prabhu while highlighting that the organization could overcome the most difficult year by initiating various innovative measures said that "The achievement was possible due to timely policy interventions to correct the dip in transport demands in various identified segments which enabled bring back the traffic to the rails”.
Remarkably in recent years, this is for the first time that negative growth had stopped and registration in the numbers and revenue in passenger segment had increased.