Railways spends 61% of budgeted allocation till October via Rs 1.63 lakh crore capex
Indian Railways has utilised 61% of its budgeted allocation — till October-end — through a ₹1.63 lakh crore capital expenditure (capex) for the current fiscal. According to officials aware of the development, earnings of the national transporter were at an upswing with ₹1.02 lakh crore earnings from freight and ₹46,374.5 crore from passengers during the months under review.
«Total revenue stood 6.1% higher at ₹1.49 lakh crore this fiscal,» a senior official told ET.
For the full fiscal, the Railways has earmarked ₹2.65 lakh crore as capex. It also expects to rake in ₹80,000 crore from passengers, and ₹1.80 lakh crore as freight revenue.
Budget 2024-25 had rejigged allocations to the Indian Railways public enterprises and tweaked amounts under other heads such as buying trains. Despite the tinkering, a broader push towards modernised Vande Bharat trains, easing congestion, and faster freight movement on energy, cement, and port connectivity routes continued.
Allocation for the Mumbai-Ahmedabad bullet train project is kept at ₹21,000 crore. The Dedicated Freight Corridor expects to get a boost with the enhanced budgetary support of ₹8,155 crore. Capital expenditure for rolling stock-locomotives, wagons, and coaches-is pegged at ₹40,313.78 crore this year.
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