Ministry of Steel holds Interactive Session with Global Diplomats Ahead of 'Bharat Steel 2026' (See 'Corp Brief') Khadse announces unique nationwide ASMITA League to mark International Women's Day (See 'Corp Brief') IPR – Anti-dissection rule, which requires trademarks to be compared as whole, does not apply where part of mark is proven to be dominant feature: HC (See 'Legal Desk') India Summit 2026: Major AI Investment Commitments made (See 'Corp Brief') Joshi commends CWC's Contribution to India's Food Security (See 'Corp Brief') SEBI - Termination of a major acquisition agreement constituted a material event requiring clear & conspicuous disclosure under Regulation 30 of the LODR Regulations: SAT (See 'Legal Desk') India invites the world to study, innovate and grow together (See 'Corp Brief') SEBI - Investor decisions & share prices are significantly influenced by disclosures relating to acquisitions & corporate developments, ergo, failure to transparently disclose termination undermines market integrity: SAT (See 'Legal Desk') Controller General of Communication Accounts inaugurates North Zone Review Meeting (See 'Corp Brief') National Arogya Fair 2026 concludes in Shegaon (See 'Corp Brief') IPR - For purpose of passing-off claim, prior use of composite trademark is sufficient to establish prior use of its essential and source-identifying component: HC (See 'Legal Desk') APEDA organises Sikkim Organic Conclave-cum-International Buyer Seller Meet in Gangtok (See 'Corp Brief') 'Double Engine' Momentum Can Fast-Track Kerala's Progress: MoS (See 'Corp Brief') IBC - Waiver of rights under contract such as debenture trust deed cannot be implied if agreement explicitly requires such waiver to be in writing: SC (See 'Legal Desk') IBC - Manner in which bank classifies loan as non-performing asset for accounting or provisioning purposes does not determine IBC, if debt was restructured and acknowledged in fresh agreements: SC (See 'Legal Desk') IBC - corporate restructuring under IBC must be prioritized over stalled and ineffective proceedings under Companies Act to protect public funds and larger economic interest: SC (See 'Legal Desk') IBC - NCLT can't Reject Sec 7 application citing corporate debtor's financial health, once twin requirements of debt & default are established: SC LB (See 'Legal Desk') IBC - Moratorium u/s 14 of IBC is intended to preserve debtor's estate from creditor actions aimed at debt recovery, but does not interdict sovereign proceedings in rem for attachment or confiscation under Benami Act: SC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

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