Financial Daily from THE HINDU group of publications
Tuesday, Jul 01, 2003
Financial Daily from THE HINDU group of publications Tuesday, Jul 01, 2003 |
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Logistics
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Railways SC Railway sets 43 mt freight target Our Bureau
HYDERABAD, June 30 THE South Central Railway (SCR) has set a freight load target of 43 million tonnes and an earnings of Rs 3,720 crore for the financial year 2003-04. The zone recorded a freight load of 62.29 mt (including the contribution from areas that now form part of the South West Railway) last fiscal. The annual revenue freight target of the Indian Railways is 540 mt. The Railways earned Rs 4,364 crore from revenue freight traffic during the first two months of the current financial as compared to Rs 4,274 crore in the corresponding period of the previous year, recording an increase of 2.11 per cent. By May-end, SCR clocked a freight load of 7.01 mt, falling slightly short of the target of 7.3 mt. "We will make it up in a while," Mr Stanley Babu, General Manager of South Central Railway, told newspersons. He attributed the fall to the two strikes by truck owners and Singareni workers and the severe drought. He said the formation of South Western Railway with Hubli as headquarters would have an impact on overall earnings of the zone. The operational geographical coverage of SCR has come down to 5,871 km from 7,137 km, following the break-up. He said the SCR had earned Rs 7.83 crore this season on account of transportation of mangoes. "We operated 50 specials for the purpose," he said.
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