Passenger Revenue Rises By Rs 20,024 Crore For Indian Railways

The surplus vacant railway land, which is not required for operational purpose in near future, is entrusted to Rail Land Development Authority for leasing the land for commercial development

The freight revenue by Indian Railways has risen by Rs. 54,805 crore in four years -- from Rs. 1.13 lakh crore in 2019-20 to Rs. 1.68 lakh crore in 2023-24, the Union Government has said.

On the other hand, passenger revenue increased by Rs. 20,024 crore in four years -- from Rs. 50,669 crore in 2019-20 to Rs. 70,693 crore in 2023-24, informed Union Minister of Railways Ashwini Vaishnaw.

"Revenue earned by Indian Railways on account of flexi fare, tatkal and premium tatkal during 2019-20 to 2023-24 is approximately 5.7 per cent of the total revenue earned from passenger services. Amount credited on account of cancellation of tickets is not maintained separately,” he said.

Around 79,000 coaches are being used for running train services, as on April 1, 2024. Meanwhile, the total land in possession of Indian Railways is about 4.90 lakh hectares out of which 8,812 hectares land has been leased for various purposes, according to the minister. This includes railway land leased/licensed for passenger facilities, cargo related facilities, commercial development, etc. The land in possession of Indian Railways is utilised for providing fixed infrastructure such as tracks, stations, terminals, workshops, production units, etc.

The surplus vacant railway land, which is not required for operational purpose in near future, is entrusted to Rail Land Development Authority for leasing the railway land for commercial development. The ownership of commercially developed railway land always remains with railways, according to the minister.