Railways will start announcement of quarterly numbers

Minister Suresh Prabhu shared the details with foreign and domestic investors and bankers over the weekend at a <g data-gr-id="21">closed door</g> meeting at the BSE. “It’s for the first time any government-run organisation has declared its quarterly performance,” Prabhu told the investors in a presentation, a copy of which has been seen by PTI.

Total earnings in Q1 rose 14.54 <g data-gr-id="23">per cent</g>, while working expenses grew at a measly 4.22 <g data-gr-id="24">per cent</g>, lower than the targeted 7.68 per cent growth during the reporting period. The 108-km new line from Agra to Etawah and a new line from Tuna Port to Gandhidham in Gujarat were commissioned during the Q1, according to the presentation.

Similarly, a 23-km stretch on the Lalitpur-Singrauli line and 122-km long gauge conversion project from <g data-gr-id="22">Lohanu</g> to Sikar in Rajasthan were also commissioned in the reporting period. 

Doubling works of 150 km to de-congest the network was also commissioned during the reporting period. Moreover, the Railways completed electrification of 151 km network during the period.