Railways to take a ₹12,500-cr hit as lockdown stalls passenger and freight services

Railways to take a ₹12,500-cr hit as lockdown stalls passenger and freight services

A 43-day break in passenger train services — the longest since the 54-day strike in 1974 — is expected to burn a void of approximately 6,500 crore in passenger revenue and another 6,000 crore in Indian Railways’ freight earnings, further stressing its already strained finances.

The national transporter earns about 145-150 crore a day flying passengers across India, which translates into annual revenue of about 53,000 crore. Although goods trains remain operational, due to demand slackness from the closure of industries / factories they are operating at 60 per cent capacity.

src: thehindubusinessline.com

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