Remarkable sale! Indian Railways earned more than Rs 2,500 crore by selling this — check details

Indian Railways earnings: With an aim to optimally utilise resources by mobilising scrap materials and sale through e-auction, Indian Railways has earned more than Rs 2500 crore scrap sale in the first half of the current fiscal.  

“Indian Railways has registered remarkable scrap sale in the first six months of this financial year 2022-23 (FY23). Through this sale, it has earned total Rs 2582 crore till September 2022 against Rs 2003 crore during the same period of the last FY22 which is 29 per cent higher,” an official release said.

The target for earnings through the sale of scraps for the FY23 has been fixed at Rs 4400 crore, the release further stated. This means Indian Railways has achieved more than 50 per cent of the target set in the current fiscal year.

In the previous fiscal, Railway Ministry had set a target of Rs 4100 crore to be earned through scrap sales.

Ferrous scrap of 3,93,421 MT was disposed in 2022-23, which includes 1751 wagons, 1421 coaches and 97 locos were disposed in 2022-23 so far till September FY23. In comparison, 3,60,732 MT was disposed in 2021-22, which includes 1835 wagons, 954 coaches and 77 locos.

Generation and sales of unserviceable/scrap railway material is an ongoing process and is monitored at highest level in zonal railways and in railway board, the statement read.

In construction projects, scrap is normally generated in gauge conversion projects, the ministry also said, adding that the Released Permanent Way items being offered for scrap are not reusable on track. These are disposed off in accordance with the codal provisions of Railways.