The route relay interlocking (RRI) failure near Itarsi, coupled with the closure of Karnataka-EMTA coal mines, has left the Nagpur division of Central Railway (CR) bleeding. First quarter earnings show the division´s total revenue down by a substantial Rs 21.38 crore. The worst hit was revenue from freight, which dropped by Rs 44 crore. In 2014, during the four-month period between April-July, freight earnings were Rs 738 crore but is down to Rs 694.84 crore this year. Over 90 per cent of Central Railways´ freight revenue comes from coal transportation. The severely affected train traffic due to RRI failure at Itarsi is one of the prime reasons for the performance. Senior divisional commercial manager KK Mishra also attributed the slowdown in numbers to the ´closure of Karnataka-Emta coal mines near Bhadravati in Chandrapur´.
FlashNews:
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
India’s Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
How Budget 2025-26 May Bolster Investments in India’s Infrastructure Sector
REC Declares 3rd Interim Dividend of ₹4.30 per share; Net Profit up 23% to ₹4,029 crore
REC wins Gold Shield in ICAI Award for Excellence in Financial Reporting for the Financial Year 2023-24
Budget 2025: Key Highlights
Budget 2025: Key Announcements Impacting Real Estate
Rs 1 trn Urban Challenge Fund to Boost Infrastructure
FM Unveils Major Initiatives for Bihar in 2025 Union Budget
Budget 2025-26: Industry reactions
Budget 2025-26: Rs 1 lakh crore fund to transform cities
Budget 2025-26: India’s startup ecosystem gets Rs 10,000 crore Fund of Funds
Home » Coal mine closure, Itarsi fire hits CR revenue
Coal mine closure, Itarsi fire hits CR revenue
Coal & Mining
September 1, 2015September 1, 2015

Leave a Reply
You must be logged in to post a comment.