Ban on Iron ore mining hits earnings of SWR Mysore Division
Supreme Court's ban on iron ore mining following exposure of illegal mining scam, has hit the earnings of South Western Railway, Mysore Division during 2013-14.
However, the earnings from passenger and performance on other parameters have registered a positive growth.
The overall earnings of the Division for 2013-14 was Rs 477.89 crore against previous year's earnings of Rs 566 crore.
The drop in earnings was due to the cascading effect of the ban on mining as the iron ore transportation contributes more than 80 per cent of the freight revenue for the division.
Addressing the 59th Railway Week celebration, Mysore Divisional Railway Manager Rajkumar Lal said that the goods transport earnings, a bulk of which was by transporting iron ore was Rs 221 crore during the year just ended, as against Rs 353 crore of the previous year.
In terms of tonnage, Mr Lal said that while the division transported about 4.34 million tonnes of iron ore during 2012-13, it could transport only about 0.96 million tonnes of ore during 2013-14. However, the passenger earnings of the Division increased from Rs 158 crore during 2012-13 to Rs 196.75 crore during 2013-14, recording an increase of nearly 25 per cent over the previous year.
In terms of number of passengers, the Division crossed the target. As against the nearly 4.77 lakh originating passengers during the previous fiscal, the division recorded 5.4 crore originating passengers during the year under review, accounting for an increase of 13.18 per cent.
(Posted on 26-04-2014)