Tejas Express posts Rs 70 lakh profit in first month of operation

Tejas has run with an average occupancy of 80-85 per cent since it began operations on October 5.

IRCTC’s Tejas Express has made a profit of around Rs 70 lakh till October this year while earning revenue of nearly Rs 3.70 crore through the sale of tickets, sources said, signaling a steady start for the Railways’ first “privately” run train.

The Indian Railway Catering and Tourism Corporation’s (IRCTC) 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 5 October, the sources said.

From 5 October to 28 October (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.

The IRCTC has a slew of benefits worked out for its passengers—combination meals, free insurance of up to Rs 25 lakh and compensation in case of delays.

The government last month constituted a special task force comprising a group of secretaries to expedite the initiative on private train operation and station redevelopment projects. However, the first meeting of the group is yet to take place.