NEW DELHI: Indian Railways has registered record revenue figures of Rs 2.40 lakh crore for Financial Year 2022-23. This is nearly Rs 49,000 crore more than the previous year, reflecting 25% growth. During this financial year 2022-23, freight revenue too has leapfrogged to Rs 1.62 lakh crore, a growth of nearly 15% on previous year.
Indian Railways’ passenger revenues have registered an all-time high growth of 61% to reach Rs 63,300 crore. After three years, Indian Railways is able to fully meet the pension expenditures. Buoyancy in revenues and tight expenditure management have helped in achieving an operating ratio of 98.14%, well within the RE target. After meeting all revenue expenditure, Railways generated Rs 3200 crore for capital investment from its internal resources (Rs 700 crore for DRF, Rs 1000 crore for DF and Rs 1516.72 crore for RRSK).
Rs 1 lakh crore was invested in augmenting capacity of network. FY23 saw highest ever commissioning of new lines and doubling/multi-tracking etc of 5243 kms. 6565 KMs of track were electrified with investment of Rs 6657 crore, propelling Railways towards achieving goal of 100% electrification in current fiscal.
