Indian Railways' first private train Tejas Express posts Rs 70 lakh profit in first month

The train has run with an average occupancy of 80-85 per cent since it began operations on October 5, the sources said.

Published: 10th November 2019 07:13 PM  |   Last Updated: 10th November 2019 07:13 PM   |  A+A-

Tejas Express

IRCTC's Tejas Express (File photo | EPS)

By PTI

NEW DELHI: IRCTC's Tejas Express has made a profit of around Rs 70 lakh till October this year while earning revenue of nearly Rs 3.70 crore through sale of tickets, sources said, signalling a steady start for the Railways' first "privately" run train.

The Indian Railway Catering and Tourism Corporation's Lucknow-Delhi Tejas Express is part of the Railways' bid to develop 50 railway stations of world-class standards and allowing private passenger train operators to run 150 trains on its network.

The train has run with an average occupancy of 80-85 per cent since it began operations on October 5, the sources said.

From October 5 to October 28 (21 days, as the train runs six days a week), the expenditure incurred by IRCTC in running the train was around Rs 3 crore, they said.

The Railway subsidiary, which spent an average of nearly Rs 14 lakh per day to run the state-of-the-art train, earned around Rs 17.50 lakh daily from passenger fares.

The Tejas Express on the Lucknow-Delhi route is the Railways' first experience of running a train by non-railway operator and its own subsidiary IRCTC.

The IRCTC has a slew of benefits worked out for its passengers -- combination meals, free insurance of up to Rs 25 lakh and compensation in case of delays.

The government last month constituted a special task force comprising a group of secretaries to expedite the initiative on private train operation and station redevelopment projects.

However, the first meeting of the group is yet to take place.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp