SER & ER report increase in freight loading revenue in FY 2017

Posted by Daily Shipping Times on 18-04-2017        Tweet

KOLKATA : South Eastern Railway (SER) and the Eastern Railway (ER) divisions of the Indian Railways (IR) saw a near 7% and 3% increase in revenues from freight loading last fiscal.

SER saw its FY-17 freight loading earnings increase by INR 737 crore to INR 11,556 crore.

On the other hand, ER earned INR 4,533 crore (INR 4,397 crore).

While SER saw a 1% decline in coal loading last fiscal to 25.12 mt over the last year; ER witnessed a 4% rise in coal loading for the same period. Coal loading in ER, this fiscal, was 35.54 mt (34.16 mt).

S.N. Agrawal, General Manager in charge of both SER and ER, said, “The accident in Lalmitia mines in Jharkhand saw coal production stop there, which along with other issues in the sector led to slightly reduced numbers for SER division.”

However, pig iron and steel loading across both the divisions saw a substantial year-on-year increase.

In case of SER pig iron and steel loading last fiscal stood at 15.52 mt or 5% over FY-16.

Earnings from passenger traffic also saw around a 5% rise in FY-17 for both SER and ER. In absolute terms, SER earned INR 1,925 crore, while ER earned 2,573 crore respectively.