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Trnard of Indian rail

Trnard of Indian rail

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Published by: ABID H on Sep 04, 2008
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10/15/2011

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INDIAN INSTITUTE OF MANAGEMENTAHMEDABAD
INDIA
 
 Research and Publications
Page No. 1
W.P. No. 2007-02-03
‘Turnaround’ of Indian Railways:A Critical Appraisal of Strategies and Processes
G. RaghuramW.P. No.2007-02-03
February 2007
The main objective of the working paper series of the IIMA is to help faculty members, ResearchStaff and Doctoral Students to speedily share their research findings with professionalcolleagues, and to test out their research findings at the pre-publication stage
 
INDIAN INSTITUTE OF MANAGEMENTAHMEDABAD-380 015INDIA
 
 
IIMA
INDIA
 
 Research and Publications
‘Turnaround’ of Indian Railways:A Critical Appraisal of Strategies and Processes
Abstract
 Indian Railways (IR), which was declared to be heading towards bankruptcy as per the Expert Group on Indian Railways in 2001, is today the second largest profit makingPublic Sector Undertaking after ONGC. The fund balance crossed Rs.12,000 crores in2005-06, which had reached a low of just Rs.149 crores in 1990-2000. The totalinvestment being planning for the eight-year time frame (2007-2015) is tentatively in theorder of Rs.350,000 crores. This confidence is not only due to the rising trend of  performance, but also due to the significant growth in the past two years. These two years coincided with Mr. Lalu Prasad being at the helm of affairs of the IR, having moved into his position on 23
rd 
May, 2004. Railway officials called this as the ‘turnaround’ of  IR.This paper attempts a diagnosis of the ‘turnaround,’ beginning with the question as towhether it really was a ‘turnaround’. This paper then carried out an analysis of thevarious determinants of the ‘turnaround’ related to goods, passenger and other operations. This is followed by a critical assessment of the strategies and key processesbeing the ‘turnaround’. Finally the sustainability of the ‘turnaround’ is explored.
 
Page No. 2
W.P. No. 2007-02-03
 
 
IIMA
INDIA
 
 Research and Publications
‘Turnaround’ of Indian Railways:A Critical Appraisal of Strategies and Processes
 
C
ontents1.
 
Introduction………………………………………………………………………... 5 2.
 
Turnaround Diagnostics…………………………………………………………… 62.1.
 
Goods Earnings……………………………….………………….…………… 72.2.
 
Passenger Earnings …………………………………………………… ...…... 82.3.
 
Other Earnings ……………………………………………..………………… 92.4.
 
Overall Strategy………………………………………………………………. 102.5.
 
Proposed Initiatives……………………………………………………………10 3.
 
Critical Appraisal: Strategies………………………………….……………..…..... 12 4.
 
Critical Appraisal: Processes……………………………………………………… 144.1.
 
The MR….……………………………………………………………...……. 154.2.
 
The Style of the Present MR…..…………………….………...………..…….. 164.3.
 
The Railway Board…………………………………………………………… 18 5.
 
Critical Appraisal: Sustainability………………………………………………….. 19 
Page No. 3
W.P. No. 2007-02-03

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