Indian Railways Plans to Make Profit

Indian Railways Plans to Make Profit
March 18, 2008 10:47 pm | Last Update: August 1, 2015 10:51 pm

India’s railways are set to create history this year with forecasts of £3bn in profits, according to a report in The Times newspaper.

India’s Railway Minister Lalu Prasad, who recently announced a cut in freight and passenger fares and investment in rolling stock, told reporters in India that state-owned Indian Railways could be looking at record profits of more than £3bn.

The figures are set to represent a complete turn around in the fortunes of the rail network, which seven years ago was on the verge of a financial crisis, according to a government study.

India’s railways could also soon develop high-speed passenger train corridors, according to reports in the Indian press.

Following high-speed dedicated freight corridors, Indian Railways has proposed similar passenger train corridors across the country, according to officials. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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