Lalu Express on track

Published on Mon, Feb 26, 2007 at 16:08 |  Source : Moneycontrol.com

Updated at Tue, Feb 27, 2007 at 11:32  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr

RELATED NEWS

Railway Minister Lalu Prasad Yadav presented a populist budget today. He announced a cut in passenger fares across the board and has left the freight rates unchanged. The Minister once again showed his business acumen.

 

His achievements entail a profit of Rs 20,000 crore versus Rs 14,700 the previous year. Also, the passenger traffic saw an increase of 14%, while the freight traffic was up 17% and operating surplus is seen at 73.7%.

 

"In super-fast trains, the charge for unreserved super-fast travel has been reduced by 20%. The fares for 1st and 2nd class AC travel have been reduced by 6% and 4% respectively. Fares have also been cut for travel on new-design coaches, whether sleeper or chair car," announced Yadav.

 

Highlights from Railway Budget 2007:

 

  • FY07 Railway Profit Of Rs 20,000 Cr Vs Rs 14,700 Cr
  • Freight earnings up 17% in 9 months
  • Apr-Dec passenger traffic up 14%
  • Operating ratio seen at 73.7%
  • Fund balance at Rs 16,000 cr
  • Extra loading of 7 mt seen this year
  • 60 mt excess loading witnessed in FY07
  • Steel traffic market share up significantly
  • Steel movement seen up 5-7%in FY07
  • Next 5 years will invest massively in container operations
  • Plan to start 3-storey container trains on pilot basis
  • Freight on steel, cement up 5-7% in FY07
  • NTPC, other companies to help in new construction
  • IRCON, private partnership options being explored
  • Promises rail lines to aid new steel, power plants
  • 3-year plan to up facilities at key container terminals
  • Rs 1,500 Cr yearly profit seen on 1% improvement in loading
  • Wagon production seen up 10%
  • 22.9 and 25 tonne extra load wagons in FY08
  • New wagons to replace outdated ones
  • 20,000 KM high-density network to see big investment
  • Tariff discount to up high axle wagon output
  • 11,000 new wagons needed for this high-density line
  • To invest in improving infrastructure around railway stations

Contd on Pg 2....

  

More on Moneycontrol

Trending News

Business News

Tech2's Nokia Lumia Contest is Live
Rupee rally may stall with fall against US dollar, euro "Rupee rally may stall with fall against US dollar, euro"

CNBC-TV18 ALERT PM's Meet With Key Cabinet Ministers On 2G Case Ends

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 10 2012, 21:39

Tulsian buys steel stocks; negative on sugar, ADAG

- in MARKET OUTLOOK

Feb 10 2012, 21:39

Truck demand sluggish; margins down 80bps: Shriram Trans

- in Results Boardroom

Interviews

Feb 10 2012, 15:43 | Source: CNBC-TV18

Growth in margins sustainable going forward: Shasun Pharma  

Feb 10 2012, 15:35 | Source: CNBC-TV18

Expect Q4 GRMs to be similar to Q3: BPCL  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com