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News Entry# 394913
Nov 15 (10:26) Tejas express records a profit; reasons are many (
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News Entry# 394913  Blog Entry# 4488594   
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Nov 15 2019 (10:26)
Train Tag: Lucknow Jn. - New Delhi IRCTC Tejas Express/82501 added by 🌟⚡Indore Trishtabdi express ⚡🌟~/2040042
LUCKNOW: The Indian Railways’ decision to launch its first corporatised train,
, between Lucknow and New Delhi on Navratri has reaped returns. The period that followed was of Dussehra,
. The train has earned a profit of around Rs 70 lakh till October 28 and festive season is the major reason.
express was flagged off by chief minister
from Lucknow Junction station on October 4. It began its regular run from New Delhi on October 5. Considering that the train runs six days a week, it has operated for 21 days between October 4 and October 28.
Catering and Tourism Corporation (IRCTC) has earned a revenue of around Rs 3.7 crore from the train, out of which around Rs 70 lakh is the profit. Sources said, “Revenue is mainly from the sale of tickets. But there is some non-fare revenue as well from the advertisements inside the coaches.”
Extra coaches were added to the train for 10 days out of 21-day period that the train operated for till October 28. The train, normally, operates with ten passenger coaches carrying 758 passengers at a time. It has one executive class AC chair car with 56 seats and nine AC chair cars with 78 seats each.
But for ten days, six days after Diwali, between October 21 and October 26, and four days during Chhath, November 1 till November 4, three chair cars and one executive chair car were provided to accommodate extra passengers.
The dynamic fare system paid more to railways. The base fare for a chair car is Rs 1,180 but on one of the days after Diwali, the fare increased to Rs 3,295 for a seat in a chair car. Similarly, the base fare of an executive coach is Rs 2,400 per passenger but it increased to more than Rs 4,000 on few days during the festival period.
Sources said, “Train has 100% occupancy from Lucknow still. It gets some vacant seats while coming from Delhi.” The profit for the train would continue till the New year. January and February may be the lean months but March would again generate profits because of Holi rush.
Railways, said sources, rarely earns profit from passenger trains. Earnings mainly come from the freight trains. Tejas is the first passenger train to have given returns. Railways before launching the train had “break even” point as the target for the train but the inaugural month has proved beneficial for Tejas.
“It is too early to draw any conclusions,” said sources.
Tejas is the first train to be 'corporatised' and operated by IRCTC on a profit-making mode on an experimental basis. If successful, the move would be replicated.
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