CCI okays Asia II Topcoto to acquire certain warrants of Federal Bank (See 'Corp Brief') CCI permits Tata Steel to take control of Tata BlueScope Steel (See 'Corp Brief') A&C - Developer's failure to establish escrow account and its prolonged delay in project completion demonstrated financial indiscipline: HC (See 'Legal Desk') Citizen Service & Revenue sustainability must go Hand in Hand: MoS (See 'Corp Brief') A&C - DMRC is not in violation of obligations under Concession Agreement, if DMRC had co-operated with PDL and sub-licensee and non-completion of project was because of failure of PDL: HC (See 'Legal Desk') SAIL recognised with 8 Prestigious PRSI National Awards for Communication Excellence (See 'Corp Brief') LoI signed to establish Centre of Excellence for CRISPR Innovation and Translation (See 'Corp Brief') Sonowal calls for integration of Modern Education and Spiritual Values (See 'Corp Brief') PMLA - Provisional attachments under Section 5 of PMLA can be initiated without chargesheet under Section 173 of CrPC, based on sufficient material: HC (See 'Legal Desk') Chouhan meets Rozgar Sahayaks (See 'Corp Brief') DRDO & RRU ink MoU to foster collaboration in research, education & training (See 'Corp Brief') IPR - By mapping claims of suit patent against each element of defendants' product, plaintiffs have established strong prima facie case demonstrating infringement of suit patent: HC (See 'Legal Desk') EVs driving India's Next Growth Story: MoS (See 'Corp Brief') Meditation is scientific tool for stress management and neuroplasticity: Experts (See 'Corp Brief') Misc - Directors of company under winding up are statutorily bound under Section 454 of Companies Act, to make full and accurate disclosure of assets: HC (See 'Legal Desk') Mandaviya leads 1st Anniversary Celebrations of Fit India Sundays on Cycle in Puducherry (See 'Corp Brief') MoHUA launches 10th Swachh Survekshan (See 'Corp Brief') Misc - Once CIRP is initiated, all claims against corporate debtor must be routed through insolvency process: HC (See 'Legal Desk') Centre releases grants of Rs 94 Crores for PRIs in Uttarakhand (See 'Corp Brief') New Logo for RRBs signifying single and unified brand identity unveiled (See 'Corp Brief') PMVBRY aims to incentivise creation of over 3.5 crore jobs over 2 years (See 'Corp Brief') IPR - Pharmaceutical guidelines illustrate that if combination of two prior art documents fails to provide result as claimed in invention in question, then teaching of prior art documents is considered to be teaching away: HC (See 'Legal Desk') Ministry of Parliamentary Affairs transforming functioning into paperless ecosystem (See 'Corp Brief') Scindia chairs review meeting on Matabari Tourism Circuit Development in Tripura (See 'Corp Brief') IPR - If Novartis had consciously waived its right to cross-examination by electing to file rebuttal evidence, there are no valid grounds to challenge Controller's order: HC (See 'Legal Desk') WHO Global Summit on Traditional Medicine Commences in New Delhi (See 'Corp Brief') MoS delivers national statement at UN on outcomes of World Summit on the Information Society (See 'Corp Brief') PM MITRA Parks anchored in 5F vision generating huge investment interest (See 'Corp Brief') IPR - While assessing 'prior art', mere similarity is insufficient and visual distinction matters, and for prior art to invalidate design, it must be clearly established and comparable in relevant features: HC (See 'Legal Desk')

Railways records best ever July monthly freight loading of 122.14 MT

Published: Aug 03, 2022

By TIOLCorplaws News Service

NEW DELHI, AUG 03, 2022: INDIAN Railways (IR) has recorded best ever July Monthly freight loading of 122.14 MT in July'22. The incremental loading in the month of July has been 9.3 MT i.e. a growth of 8.25 % over  the previous best July figures achieved in 2021. With this, Indian Railways has had 23 straight months of best ever monthly freight loading.

IR has achieved an incremental loading of 11.54 MT in Coal, followed by 1.22 MT in Balance other goods, 0.56 MT each in Cement & Clinker and Containers and 0.47 MT in POL.

Increase in automobile loading has been another highlight of Freight Business in FY 2022- 23 and 1698 rakes have been loaded in FY 2022-23 till July as compared to 994 rakes during the same period of last year i.e. a growth of 71%.

The cumulative freight loading from 1st April'2022 to 31st July'2022 has been 501.53 MT as against 452.13 MT achieved in 2021-22 i.e. an incremental loading of 49.40 MT, with a growth of 10.92 % over same period last year.

The freight NTKMs (Net tonne kilometers) have increased from 63.3 Billion in July '21 to 75 Billion in July'22 registering a growth of 18.38 %. The cumulative NTKMs in the first four months have also grown by 19.46 %.

The sustained efforts of Indian Railways to increase supply of Coal to Power houses, in close coordination with Ministry of Power and Coal, have been one of the key features of the freight performance in the month of July. The loading of Coal (both domestic and imported) to Power Houses has increased by 13.2 MT in July with 47.98 MT Coal being moved to Power houses as against 34.74 MT last year, i.e. a growth of 38%. Cumulatively, in the first four months of the year, IR has loaded more than 47.95 MT extra coal to Power Houses as compared to same period of last year, with a growth of more than 32%.

The commodity wise growth number show that IR has achieved impressive growth in almost all commodity segments with the following growth rates:

Commodity

Variation (MT)

% variation

Coal

11.54

23.45

Cement and Clinker

0.56

5.10

POL

0.47

12.90

Containers

0.56

9.30

Balance Other Goods

1.22

13.25

TIOL CORP SEARCH

TIOL GROUP WEBSITES