New Delhi: The Indian Railway Catering and Tourism Corporation‘s Lucknow-Delhi Tejas Express was reported to have made a profit of around Rs 70 lakh in the first month of its operation this year till the month of October, stated news agency PTI.
Tejas Express is the first ‘privately’ run train by Indian Railways. Sources were reported as saying that this express had earned a revenue of nearly Rs 3.70 crores in ticket sales alone. It must be noted that Tejas Express is one of IRCTC’s initiative undertaken to amp up the standards of 50 railway stations in the country to world-class. Currently, 150 trains are managed by private passenger train operators on their network, stated a report.
The train which commenced its operations on October 5, has so far run with an average occupancy of 80-85 per cent, claimed sources. Besides, the IRCTC has incurred an expenditure of around Rs 3 crore for a span of 21 days starting from October 5 to October 28 with the train running six days per week, stated news agency PTI.
On average, the railway subsidiary IRCTC spends nearly Rs 14 lakh per day to run the state-of-the-art train, stated news agency PTI. Notably, on a day to day basis, a total passenger fare of around Rs 17.50 lakh are being collected, added the report.
The IRCTC and a non-railway operator are for the first time operating the Tejas Express on the Lucknow-Delhi route. Passengers of the Tejas are entitled to many benefits ranging from meal combos to free insurance up to Rs 25 lakh and compensation in the event of any delay.
Last month, the government had set up a special task force to enhance the operation of the private train and fulfil the objectives of the station redevelopment projects.