7 November 2014

SCR Records Exceptional Performance in Traffic & Earnings in October, 2014, Despite the Adverse Impact of ‘Hudhud’ Cyclone; With 18.5% Growth in Gross Earnings, the Cumulative Results till October End Beat Railway Board’s Targets

South Central Railway has shown a remarkable performance in gross earnings and traffic volume, especially in freight sector in the month of October, 2014, in spite of the adverse impact of ‘Hudhud’ cyclone o­n Rail operations in the 2ndweek of October. Consistent performance so far in the current fiscal has resulted in the Zone posting impressive growth rates, surpassing the Railway Board’s targets in freight loading and gross earnings for the period April to October, 2014.
Close monitoring of running of train services and appropriate timely interventions;   rationalization of operational practices and maximizing the rolling stock utilization, coupled with the huge surge in rail traffic handled at Krishnapatnam and Kakinada ports have been instrumental in registering exceptional growth in traffic and earnings during April-October,2014.
i) Gross Earnings:
The gross originating earnings of SCR at Rs. 6915 Crs registered a significant growth of 18.5 % during the period April-October, 2014. It reflects generation of an additional revenue of  Rs.1080 Crs when compared to Rs. 5835 Crs grossed in the same period of last fiscal.   The gross earnings surpassed the Railway Board’s target of Rs. 6589 Crs for this period, by +5%.

ii) Freight Loading & Earnings:
 The incremental growth in physical loading of freight achieved by SCR in this period ranks as the best o­n Indian Railways. In the month of October, 2014, the Zone loaded 9.7 Million Tonnes (MTs) of originating freight, which is 1.6 MTs higher over last year with a growth of 20%. The revenue from freight has shown a whopping growth of 37.5% in October, 2014 at Rs.792 Crs when compared to Rs. 577 Crs in October, 2014.
The cumulative freight loading for the period April-October, 2014 stood at 65.4 MTs, which is 5.2 MTs higher compared to 60.2 MTs done in the same period last year, registering a growth rate of 9%. It surpassed the Railway Board’s set target of 64 MTs by 1.4 MTs.
SCR has been loading 4651 wagons o­n an average per day in the first 7 months of the current fiscal, which is 389 additional wagons everyday when compared to 4262 wagons loaded in the corresponding period of last year.
Freight earnings constitute around 70% of the gross earnings of the Zone. The revenue from freight activities till the end of October, 2014 of the current FY grew to Rs. 4810 Crs, which is 19% higher compared to Rs. 4044 Crs. grossed over the same period of last year.
iii) Commodity-wise Goods Loading :
Coal contributes to 54% of the total freight loading being done o­n SCR. The cumulative loading of coal has surged to 35.2 MTs during April-October, 2014, signifying an additional loading of 3.4 MTs (+10.6%) compared to 31.8 MTs loaded during the same period of last year.
The cumulative loading of cement till the end of October, 2014 stood at 16.8 MTs, registering a growth of 6.5% compared to 15.7 MTs loaded last year over the period April-October.
SCR loaded 3.6 MTs of food grains and 2.5 MTs of fertilizers during Apr.-Oct. 2014. Imported iron ore at 2.4 MTs; containers at 0.65 MTs and Petroleum products at 0.55 MTs constitute other major commodities loaded o­n SCR till the end of Oct.2014 in the current fiscal.
There was a huge surge in rail loading at Krishnapatnam Port.  On a cumulative basis, the rail freight loading from Krishnapatnam Port has been 11.8 MTs during April-October, 2014 compared to 7.9 MTs achieved in the same period of last year, an improvement of 3.9 MTs with 49% growth.
Freight loading at Kakinada Port also has shown a spurt resulting in 4 MTs of cumulative loading till the end of October, 2014 this fiscal, with a rise of 11.2% compared to 3.6 MTs loaded during the same period of last fiscal. Coal, Iron ore and fertilizers are the major commodities being loaded from Krishnapatnam and Kakinada Ports.
iv) New Traffic captured by SCR :
Focused and intensive marketing efforts have yielded fruitful results as the Zone captured new streams of freight traffic o­n SCR in the current fiscal. These include 2.4 MTs of imported iron ore from Krishnapatnam Port to M/s Jindal Steel; 18922 Tonnes of export cement in containers from M/s My Home Cements, Mellacheruvu and M/s Bharati Cements,Yerraguntla; and 11500 Tonnes of Bauxite from Kakinada Port, generating a revenue of Rs.230 Crs.
v) Passenger sector performance :
On passenger front, SCR carried 216 millions of originating passengers during the period April-October, 2014 i.e. 10.1 Lakhs of originating passengers o­n an average per day.
SCR has been continuously running a large number of special trains and also attaching extra coaches to the regular trains to maximize earnings from passenger sector. The Zone operated 441 services of originating special trains and attached 7291 additional coaches, benefiting 6.7 lakhs of passengers during April-October, 2014. These measures resulted in additional revenue of Rs.29.2 Crs in this period. In addition, 27 Jansadharan specials with all general coaches have been run connecting major cities in SCR during the same period to meet the passenger demand in unreserved segment.
The new concept of ‘Premium Train’, which is based o­n dynamic pricing model, received overwhelming response from SCR’s passengers.  19 Premium Trains were operated to long distance destinations such as New Delhi, Kolkata, Patna, Mumbai, Amritsar, Ahmedabad and Visakhapatnam during April–October, 2014.  These resulted in generating additional earnings of Rs.1.21 Crs. compared to the realizations from normal trains.
 The carrying capacity of 21 pairs of regular trains has been augmented by attaching 24 additional coaches, which created 1704 extra berths/seats o­n a permanent basis.

All these measures helped in enhancing the revenues from passenger business o­n SCR. The earnings from passenger sector were Rs.1784 Crs, generating incremental passenger revenue of Rs.275 Crs during April-October, 2014. It signifies an impressive 18.3% growth in comparison to the passenger earnings of Rs.1508 Crs gained in the same period of last FY.