News

KONKAN RAILWAY EARNS RECORD RS 300 CRORE FROM FREIGHT

Kokan-rail-1For the first time since the start of its operations phase, Konkan railway has earned a record of Rs 300 crore alone from freight traffic in 2008-09 which given the general economic slowdown all over the world, is quite an achievement for the corporation. The freight earning of nearly Rs 300 crore in the year 2008-09 is an increment of almost 12% over the previous year. as in other zonal railways, the global recession did affect the freight traffic on Konkan railway too, albeit only in the last quarter of 2008 and that too only for certain segment. The Financial Restructuring of the Corporation has enabled correct reflection of the financial status of the Corporation and improved its Debt-Equity ratio. The ratio has taken a positive swing from 7:1 in 2007-08 to 0.55:1 in 2008-09.

Related Articles

Back to top button