IRCTC’s Tejas Express has made a profit of about Rs 70 lakh until October this year while earning a revenue of almost Rs 3.70 crore through sale of tickets, sources said. This is a really good news for Indian Railways as they were already working on a roadmap for Private Train in india.
The Indian Railway Catering and Tourism Corporation’s Lucknow-Delhi Tejas Express is a part of the Railways and it bid to develop 50 railroad stations of world-class criteria and allowing personal passenger train operators to conduct 150 trains on its own network.
The train has run with an average occupancy of 80-85 percent since it began operations on October 5, the sources said.
The Railway subsidiary, which spent an average of almost Rs 14 lakh daily to operate the state-of-the-art train, earned around Rs 17.50 lakh daily from passenger fares.
The Tejas Express on the Lucknow-Delhi route is the Railways first experience of running a train by non-railway operator and its subsidiary IRCTC.
The IRCTC has a ton of advantages worked out because of its passengers such as mix meals, free insurance of up to Rs 25 lakh and reimbursement in the event of delays.
The government last month comprised a special task force comprising a group of secretaries to reevaluate the initiative on personal train operation and channel redevelopment projects. However, the first meeting of this group is to take place.