Railways’ profit will cross Rs.1,000 bn: Lalu

December 8th, 2008 - 3:49 pm ICT by IANS  

Patna, Dec 8 (IANS) Indian Railways’ profits in the current fiscal will cross Rs.1,000 billion ($20 billion), Railways Minister Lalu Prasad said here Monday.“I am 100 percent sure that Indian Railways is set to earn a profit of over Rs.1 lakh crore (Rs.1,000 billion) during the current fiscal,” he said.

The minister has been travelling across the state during the last one week to lay foundation stones of new rail lines and also to inaugurate railway buildings.

“It (Railways) was not profit making before I took over nearly five years ago. I simply turned it into a profit making one,” Lalu Prasad said.

Despite railways being targeted by Maoist rebels, terrorists and protesters, it is making history by achieving new records in profit, starting projects and spreading its network across the country, he said.

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