India’s first private train proves profitable. Post ₹ 70 lakh profit in first month of operations

Date:

IRCTC’s Tejas Express running six days a week between New Delhi and Lucknow has posted a profit of ₹ 70 lakhs in the month of October while earning revenue of ₹ 3.7 crores through the sale of tickets, sources said.

The Indian Railways is planning to develop 50 railway stations of world-class standards and allowing private passenger train operators to run 150 trains on its network.

The train has run with an average occupancy of 80-85 per cent even though its fare is higher than the premium Shatabdi Express running on the same route. The success of Tejas Express has ensured private trains operators are here to stay.
Encouraged by the results Indian Railway is hoping to rope in more operators in different routes.

 

Disclaimer :- This post is independently published by the author. Infeed neither backs nor assumes liability for the opinions put forth by the author.

Share post:

Subscribe

Popular

More like this
Related

Is BSNL is a ray of hope against the price hike in telecom company’s recharge plan

In the areas where BSNL is upgrading its network,...

How Congress Recovered from the Poor Results of 2014

In 2014, 44 seats and 19.3% votes; in 2019,...

উত্তৰ-পূবৰ এটি পুত্ৰৰ উত্থান: যোৰহাটৰ পৰা গৌৰৱ গগৈৰ জয়

নবীনৰ পৰা অসমৰ প্ৰয়াত কংগ্ৰেছৰ জ্যেষ্ঠ নেতা তথা তিনিবাৰৰ...