Indian Railways (IR) registered a record revenue of Rs 2.40 lakh crore in the financial year 2022-23, with a nearly 24 per cent increase from the previous year’s revenue of Rs 1.94 lakh crore.
In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 per cent from the last year. The passenger revenue recorded an all-time high growth of 61 per cent to reach Rs 63,300 crore. “After three years, Indian Railways is able to fully meet the pension expenditures. Buoyancy in revenues and tight expenditure management have helped in achieving an operating ratio of 98.14 per cent, well within the RE target. After meeting all revenue expenditure, railways generated Rs 3,200 crore for capital investment from its internal resources,” a statement issued by the ministry said.
According to the statement, the total railway expenditure in 2022-23 was Rs 2,37,375 crore as compared to Rs 2,06,391 crore in 2021-22. The operating ratio in 2022-23 was 98.14 per cent. In terms of capital expenditure, the capital invested was Rs 1,09,004 crore during 2022-23 as compared to Rs 81,664 crore in 2021-22. Under the railway safety fund, Rs 30,001 crore was spent during 2022-23 as compared to Rs 11,105 crore during 2021-22.