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Friday, January 11, 2013

South Eastern Railway records 7.43% jump in iron ore loading in April-December'12

Kolkata: South Eastern Railway (SER) loaded 92.16 million tonnes (mt) of freight during the April -December period of 2012-13, registering a growth of 4.56% against 88.14 mt loaded during the previous corresponding period.

SER's performance surpassed the target laid down by Railway Board till December 2012. having loaded 5.75 mt more than the Railway Board target, an increase of 6.65%.

During the period, SER's loading of iron ore, the main commodity it carries, stood at 50.33 mt, a 7.43% jump over 46.85 mt of iron ore loaded during the same period last year.

Significantly, total loading of iron ore went up despite a fall in demand for export of iron ore from 7.81 mt last year to 2.80 mt during the current year. Also, SER's iron ore loading registered a growth of 13.23% over the target set by Railway Board.

SER also recorded a positive growth in loading of coal, other raw materials to steel plants, pig iron & finished steel, cement, food grains and fertilizers. Earnings from freight traffic also went up 5.91% during the first nine months of the current financial year in comparison to the corresponding period of last year.

During April to December of the current financial year, SER earned Rs 6397.94 crore from freight traffic as against Rs.6040.84 crore earned from freight during the same period last year.

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