The losses are likely to increase during the 21-day lockdown announced in the country.
The decline in March has led to a 0.28 per cent reduction in annual earnings till March 26 to 21.22 trillion, compared to a year ago. With five days left in the month, freight loading is expected to decline further because of the lockdown. In financial year 2018-19 (FY19), there was an 8.86 per cent increase in freight earnings over FY18. The lower numbers this year would mean that the national transporter is likely to fall well short of its revised earnings target of ₹1,37,433 crore.
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March 27, 2020