In 2022–2023, Railways generates record revenue of ₹2.40 lakh crore

Indian Railways has registered a record revenue of ₹2.40 lakh crore in the 2022-23 financial year, up by nearly ₹49,000 crore from the previous year, according to a ministry statement on Monday.

In 2022-23, the freight revenue rose to ₹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 reach ₹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 ₹3,200 crore for capital investment from its internal resources,' it said.

The railways has over the years approached the Finance Ministry to bear parts of its pension burden.

The statement further stated that in terms of traffic revenue, the railways earned ₹63,300 crore in 2022-23 as compared to ₹39,214 crore in 2021-22.

The railways earned ₹5,951 crore as other coaching revenue in 2022-23 as compared to ₹4,899 crore during 2021-22.

Sundries revenue stood at ₹8,440 crore during FY 2022-23 as compared to ₹6,067 crore in 2021-22.

During 2022-23, the gross revenue stood at ₹2,39,803 crore as compared to ₹1,91,278 crore in 2021-22.

Also, gross traffic receipts stood at ₹2,39,750 crore as compared to ₹1,91,206 crore in 2021-22.

The total railway receipts in 2022-23 was ₹2,39,892 crore as compared to ₹1,91,367 crore the previous year.

According to the statement, the total railway expenditure in 2022-23 was ₹2,37,375 crore as compared to ₹2,06,391 crore in 2021-22. The operating ratio in 2022-23 was 98.14%.

In terms of capital expenditure, the capital invested was ₹1,09,004 crore during 2022-23 as compared to ₹ 81,664 crore in 2021-22. Under the railway safety fund, ₹30,001 crore was spent during 2022-23 as compared to ₹ 11,105 crore during 2021-22.