New Delhi, Oct 22 (IANS) National carrier Air India's wholly-owned subsidiary Alliance Air on Thursday reported an operating profit of Rs 65.09 crore in FY20.
This is the first time the airline has earned operating profit since its inception in 1996.
In financial parlance, operating profit constitutes total income earned from operations before taxes and interest liabilities.
In contrast, the airline reported a net loss of Rs 201 crore.
"The net profit of Alliance Air would have touched INR 37 crore but for the adoption of the new accounting standard IND AS 116, which resulted in a net loss of INR 201 crore," it said in a statement.
The airline reported an EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 482 crore, in a total revenue of Rs 1,181.15 crore.
In the last fiscal, the number of destinations operated by the airline went up to 61 from 55.
The airline has a fleet of 18 ATR-72-600 aircraft with an average age of less than four years.
Post lockdown, it has already commenced air services to 43 destinations with 77 flight departures per day.
Bengaluru, Nov 25 (IANS) South Western Railway's (SWR) Divisional Railway Manager, Ashok Kumar Verma, on Tuesday flagged off the first export-bound New Modified Goods (NMG) rake from the Hosur railway station to neighbouring Bangladesh.
This is the first NMG rake dispatched by the South Western Railway to Bangladesh.
Speaking to reporters, Verma said the rake consisting of 25 wagons loaded with 100 light commercial vehicles (LCVs) is called "Dost" and has been manufactured by Ashok Leyland. It left for Benapole railway station in Bangladesh.
He said that transportation of automobiles by train is safer and faster compared to transportation by road. "Nont only it is safe and cheaper, but it is also easy to monitor the movement of the consignment in trains with real-time check in practice," he said.
The SWR in a statement claimed that earlier, the Bengaluru division had dispatched two export-bound NMG rakes to Nautanwa (Nepal) from the Penukonda railway station. "Overall, the division has loaded 128 NMG rakes during the current financial year," the statement added.
Verma said the Bengaluru division, which was mainly transporting raw materials and essential commodities, took to loading of automobiles for the first time when it transported 175 tractors from the Doddaballapur railway station to Phuleria in Rajasthan on April 29 this year.
Upbeat about change in the recent policies such as two points unloading of NMG rakes and exemption of terminal charges for automobiles, Verma said that these policy changes have certainly boosted the loading of automobiles by India in Railways.
"In 2020-21, five NMG rakes have been loaded from Hosur. Apart from the rake that left for Bangladesh today, 5,528 two-wheelers have been sent in four rakes to Mandideep in Madhya Pradesh," the Verma said.
The SWR statement added that during the current year, 65 rakes of automobiles manufactured by TAFE, mainly tractors, have been transported by train from the Doddaballapur railway station near Bengaluru.
Till date, a total of 5,600 cars have been transported to Farukh Nagar in Haryana and Nautanwa in Uttar Pradesh from Penukonda in 55 rakes.