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Plan to earn more from railway land
By Our Special Correspondent
NEW DELHI,
OCT. 14.
The Railways is in the process of formulating a policy for better commercial utilisation of its land to earn more revenue and to promote cleanliness on rail premises, the Railway Minister, Lalu Prasad, said here today.
Speaking after accepting a dividend cheque for Rs. 51.25 crores for the financial year 2003-2004 from A.K. Kohli, Managing Director of Container Corporation of India Ltd. (CONCOR), the Mr. Prasad said CONCOR was in the process of diversifying its activities, including increasing the number of refrigerated containers, for faster movement of perishable items.
The Chairman of the Railway Board, R.K. Singh, said the corporation had already declared a dividend of 125 per cent on the paid-up equity share capital during its 16th Annual General Meeting held recently.
The volume of traffic handled by the corporation had increased by more than 15 per cent. Income from operations had gone up to Rs. 1764.4 crores compared to Rs. 1483.4 crores, the previous year.
It had earned a net profit of Rs. 368 crores as against the previous year's figure of Rs. 273 crores, registering a growth of 35 per cent, the Chairman further stated.
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