indiaUpdated: Dec 26, 2020, 22:47 ISTIndian Railways is set to meet its operating expenditure despite having suffered a significant loss through passenger revenue this year, railways board chairman and CEO VK Yadav said on Saturday. The national transporter has incurred 87 per cent loss in passenger revenue, down from Rs 53,000 crore last year to just Rs 4,600 crore, owing to suspension of regular passenger trains due to Covid-19 pandemic. Yadav said that it expects an increase in freight loading revenue, compensated by the enhanced transportation of non-traditional commodities like food grain and fertilisers. “Due to several expenditure controlling measures and the earnings from freight revenue, we will be able to compensate for the revenue loss from the passenger segment,” Yadav said at a press conference. Despite Covid, we will meet our operating expenditure from our revenue... We have almost surpassed both freight loading and freight revenue of last year.

Source: Hindustan Times December 26, 2020 17:15 UTC