Guwahati, April 1: The Indian Railways has stated that it has closed the financial year 2020-21 with record freight loading.
In the closing month of this fiscal year 2020-21, Indian Railways initiated loading of 1232.63 compared to last year’s 1209.32, clocking a growth of 1.93%, a release stated.
In this period, Indian Railways earned Rs. 117386.0 crores from freight loading which is 3% higher than the last year’s earning from freight which was Rs. 1,13,897.20 crore for the same period.
Indian Railways has maintained the momentum of highest ever loading in consecutive 07 respective months from September, 2020 to March, 2021.
On mission mode, Indian Railways’ Freight loading for the month of March 2021 crossed last year’s loading and earnings for the same period.
The Railways stated that concessions and discounts were also being introduced to the Indian Railways to make railways freight movement attractive.
It may be noted that Freight trains’ speed has also registered significant increase in the existing network. Average speed for the freight trains in March 2021 was registered as 45.6 km/hr which is 83% increase as compared to 24.93 km/hr in the same period.