Bharuch-Dahej Rail Corridor set to fetch Rs 1,000-cr revenue in 2013-14
- Mad rush, chaos as Arvind Kejriwal takes local train to woo 'aam aadmi' in Mumbai
- SC defers hearing on Sahara's plea on releasing Subrata Roy
- Presidential delay in mercy petitions: SC won't reconsider verdict
- Lalu loyalist-turned rebel Ram Kripal Yadav joins BJP
- IAF aircraft on standby for missing Malaysian Airlines search ops
The 64-km-long Bharuch-Dahej Rail Corridor (BDRC) that passes through a fast-growing industrial zone in the state is looking to top Rs 1,000-crore annual revenue by the end of the current fiscal. Meanwhile, it is working on adding goods shed facilities along the route, which is expected to become functional in the next six months to handle bulk and container cargo.
The corridor, an initiative of the Indian Railways in the Western Railway Division, started in December 2011 after converting the narrow gauge line to broad gauge and became fully functional by March 2012. Freight trains, moving along this line, currently carries coal as the principal bulk commodity for mainly Adani Ports and SEZ Limited (APSEZ), which has its presence in the port city of Dahej.
The BDRC plans to add other commodities such as gypsum, phosphate, sand, salt, petroleum derivatives, and rock phosphate, among others for industries situated in the region by the next financial year, a top official of BDRC said.
"Between April and November this year, we have moved about 4.92 million tonne cargo, which has fetched the promoters a revenue of Rs 760 crore. During 2012-13, we earned a revenue of Rs 800 crore, by loading 5.13 million tonne coal. We project a traffic of 7-8 million tonne by the end of the current financial year, which is expected to fetch us over Rs 1,000-crore revenue," Divisional Railway Manager, Vadodara, Naveen Kumar Shukla said.
The BDRC, maintained by Bharuch Dahej Rail Company, a special purpose vehicle (SPV) has Indian Railways as its principal promoter, with 25.41 per cent share. Companies, including Gujarat Maritime Board, Dahej SEZ Limited, GNFC, Adani Ports and SEZ Limited, Hindalco Industries Ltd., and Jindal Rail Infrastructure Limited hold 11.76 per cent equity each.
"We are primarily moving coal but plan to carry other commodities for requirement of industries in the region. While at present we only have Adani as our client, we expect to serve to the requirements of ONGC Petro Additions Limited (OPAL), Hindalco, Dahej SEZ Limited, and Sterling SEZ in coming months," Shukla said.
- Rs 1.28 lakh looted at gunpoint
- Venkaiah Naidu sure of BJP crossing ‘magic figure’ in south India
- AAP candidates truly ‘aam aadmi’: Prithvi Reddy
- Bangalore fund-raiser: Dine with Arvind Kejriwal for Rs 20,000
- AAP sounds Gul Panag about Lok Sabha poll, father says decision soon
- The real high and low: Drunk cop creates ruckus in court, held