Indian Railways’ 1st ‘private’ train Tejas Made Profit
12th Nov, 2019, New Delhi: IRCTC's Tejas Express has made a profit of around $97k (Rs 70 lakh) till October this year while earning a revenue of nearly $516k (Rs 3.70 crore) through sale of tickets, sources said, signalling a steady start for the Railways' first "privately" run train.
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 percent 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...