Indian Railways’ First ‘Private’ train Tejas turns a massive hit, reports indicate, while the service, as per sources, has generated a profit of Rs 70 Lakh Profit in the first month of its induction. IRCTC has managed to earn a total revenue is nearly Rs 3.70 crore through sale of tickets, sources said.
The Indian Railway Catering and Tourism Corporation’s Lucknow-Delhi Tejas Express is part of the Railways’ bid to develop 50 railway stations of world-class standards and allowing private passenger train operators to run 150 trains on its network.
The train has run with an average occupancy of 80-85 per cent since it began operations on October 5, the sources said. From October 5 to October 28 (21 days, as the train, runs six days a week), the expenditure incurred by IRCTC in running the train was around Rs 3 crore, they said.
The Railway subsidiary, which spent an average of nearly Rs 14 lakh per day to run 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 own subsidiary IRCTC.