Indian Railways’ Commodity Freight Revenue improved by 10% during FY13 compared to FY12.
Figure 1: A comparison of total Indian Railways’ commodity freight revenue earned in FY13 (Blue) to FY12 (Orange). The railways have shown a distinct performance with a y-o-y increment of 10% in FY13.
Figure 2: The chart depicts revenue generated from the commodities such as Coal, Iron ore and Pig Iron for FY13, 12 and 11. The revenue from Coal has shown a consistent growth to about 20% from FY12 to FY13 and 15% from FY12 to 11. The consistency owes to the rising demand of Coal in the country. The demand of coal in FY12 was reported at 696 MnT, for FY13 it was 772.8 MnT and FY14 it is expected to be around 769.7 MnT on per annum basis.
Iron ore showed a marked decrease of about 17% from FY 11 to FY12, for FY13 the earning was just 2% higher than FY12. The mining bans which were imposed in Karnataka & Goa and hike in duty are prime reasons for the decrease.
The revenue from the Pig iron movement showed a consistent rise for FY13. The revenue in FY13 was 19% higher compared to FY12. The growth owes to the increased production of Pig Iron due to festive season demand push in India.