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Railways set record with Rs 25,000 crore profit: Lalu
February 26, 2008 12:28 IST
Last Updated: February 26, 2008 13:18 IST
Presenting his fifth Rail Budget in the Lok Sabha on Tuesday, Railways Minister Lalu Prasad said that the Railways had set up new profit records in 2007-08 attaining a profit of Rs 25,000 crore.
Everybody is happy with our performance, said Lalu. He also added that the Railways had done tremendous work in the year 2007-08.
He said that operating ratio of the Railways was at 76% and that Rs 49,250 crore invested into new railway projects.
Productivity of Railway assets has been constantly increasing, Lalu said.
Railways profited due to the UPA government's policies, he said.
Railway plan size increased from Rs 11,000 crore to Rs 30,000 crore in the last four years.
Number of passenger trains were increased in the peak season.
Railways attained 790 tonne payload target in the year 2007-08, he added.