RAILWAYS

Indian Railways earns big revenue from Adani, Haldiram’s branded locomotives; details here

Indian Railways earns big revenue from locomotive branding! The Vadodara division under the Western Railway zone has awarded as many as 37 locomotives till date under NFR (Non Fare Revenue) stream, generating a revenue of Rs 73.26 lakh per annum and an amount of Rs 4.4 crore in a five years contract.

Besides, this has also resulted in savings of Rs 7.40 lakh per annum and Rs 14.8 lakh in five years. According to the national transporter, the locomotives awarded under loco branding is the highest in Indian Railways. Recently, on 27 February 2020, a total of five additional WAP 7 locomotives were allotted to Adani Wilmar on pro-rata basis. Currently, discussions are underway with PSUs as well as large MNCs to expand the concept further.

Recently, it has been reported that the Commercial Department of Mumbai Division has achieved an NFR earning of Rs 65.83 crore, which is the highest ever in Mumbai Division. According to Central Railways, this year’s target was Rs 65.64 crore and last year’s total earning was Rs 46 crore.

Source
financial express
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