HYDERABAD: Inspite of the adverse impact of ‘Hudhud’ cyclone on railway operations in the second week of October, the South Central Railway has shown a good performance in gross earnings and traffic volume, especially in freight sector, last month.
Consistent performance so far in the current fiscal has resulted in the zone posting impressive growth rates, surpassing the Railway Board’s targets in freight loading and gross earnings for the period April to October.
Close monitoring of train services and appropriate timely interventions, rationalisation of operational practices and maximising the rolling stock utilisation, coupled with the huge surge in rail traffic handled at Krishnapatnam and Kakinada ports have been instrumental in registering exceptional growth in traffic and earnings.
The gross originating earnings at Rs 6,915 crore registered a significant growth of 18.5 per cent, reflecting the generation of an additional revenue of Rs 1,080 crore when compared to Rs 5,835 crore grossed in the same period of last fiscal. The gross earnings surpassed the Railway Board’s target of Rs 6,589 crore for this period, by 5 per cent.
The incremental growth in physical loading of freight achieved by SCR in this period ranks as the best among all zones. Last month, the zone loaded 9.7 million tonnes of originating freight, which is 1.6 mt higher than last year’s with a growth of 20 pc. The revenue from freight has shown a growth of 37.5 pc in October, 2014 at Rs 792 crore when compared to Rs 577 crore in last October.
The cumulative freight loading for April-October stood at 65.4 tonne while it was 60.2 tonne in the same period last year, registering a growth rate of 9 pc. It surpassed the target of 64 tonne.
The freight earnings constitute around 70 pc of the gross earnings of the zone. Freight revenue during the period grew to Rs 4,810 crore, 19 pc higher than Rs 4,044 crore in the same period last year.
On the passenger front, SCR carried 216 millions of originating passengers during April-October ie, 10.1 lakh originating passengers on an average per day.