(ET)
The Indian Railways is expected to post total revenue of Rs 1.8 lakh crore in the current fiscal year, slightly short of initial target but 10% more than what it reported last year. A spike in coal loading and strong showing in the passenger category are driving the performance, Railway Board’s member-traffic Mohd Jamshed told ET. In the year ended March 31, 2017, the railways posted revenue of Rs 1.64 lakh crore.
The target set in the government’s budget for this year was Rs 1.88 lakh crore, which has now been revised to Rs 1.8 lakh crore. Slower economic growth has not dented the railways’ business to the extent expected. The economy grew 6% in first half of fiscal 2018, down sharply from 7.7% in the same period last year.
