Indian Railways, a crucial part of India’s transport infrastructure, has marked an impressive financial journey in the fiscal year 2023-24. With strategic investments and a strong focus on modernization, Indian Railways has not only improved its operations but also achieved a significant profit. But just how much profit did they make, and what were the associated costs? Let’s delve into the details.
In the Union Budget 2024-25, the government allocated a massive capital expenditure (Capex) of ₹2,62,200 crores to Indian Railways. This allocation aimed at transforming the railways into a world-class entity with enhanced safety, improved infrastructure, and modernized operations.
| Financial Metric | Amount (₹ Crores) |
|---|---|
| Total Receipts | 2,56,093 |
| Gross Budgetary Support | 2,52,200 |
| Capital Expenditure (Capex) | 2,62,200 |
| Net Revenue | 3,260 |
The substantial Capex of ₹2,62,200 crores reflects the government's commitment to enhancing Indian Railways' infrastructure and operations. This investment covers a wide range of areas, including:
Despite the heavy investments, Indian Railways managed to generate a Net Revenue of ₹3,260 crores. This profit is a testament to the efficiency and strategic management that have been prioritized over the past decade. It’s worth noting that this Net Revenue is crucial for supporting ongoing and future Capex, ensuring that Indian Railways continues to grow and modernize.
The financial performance of Indian Railways in FY 2023-24 highlights the positive outcomes of strategic investments and focused modernization efforts. The impressive profit of ₹3,260 crores, achieved despite significant expenditures, showcases the potential for Indian Railways to continue on its path of growth and development. As the railways strive to become a world-class entity, these financial achievements will play a pivotal role in fueling further progress.
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