Coal News We love to talk!
Indian Railways is looking at optimizing its fuel consumption including diesel and electricity usage as part of a larger strategy to control expenditure, boost revenue and start earning profits. Other expenditure control measures include economy and austerity measures, improved manpower planning, better asset utilization and inventory management.
“Steps for making Indian Railways a profit earning entity include measures for enhancing earnings on the one hand and controlling avoidable revenue expenditure on the other,” minister of state for railways Rajen Gohain said in a written reply in Lok Sabha.
Indian Railways is the largest consumer of electricity and diesel in India. Railways’ total energy cost stood at a mammoth Rs 31,220 crore in 2014-15. This included Rs 10,436 crore towards electric traction, Rs 18,536 crore towards diesel traction and Rs 2,198 crore towards supply of electrical energy for railway stations, offices and workshops.
Gohain said the revenue enhancing measures being worked upon include targeting progressively higher traffic throughput, effective marketing strategies t capture more traffic, creation of additional capacity and optimum utilization of existing railway infrastructure.
The rail ministry also plans to boost earnings through enhancing productivity and efficiency, improving passenger interface, periodic rationalization of fare and freight rates and focussing on increasing the share of non-fare revenue sources in Railways’ earnings.
- KSEB under fire for delay in completing projects Read more
- Fuel sales increase between 30 per cent and 40 per cent since demonetization Read more
- Canada oil sands to help slash Indias energy bill Read more
- Global oil service firms jostle for India orders amid spending cuts Read more
- Power to cost more in Punjab Read more
- NTPC-CIL fuel supply agreement stuck on calorific value Read more
- 100 villages to get LED streetlights; to help reduce power bill by half Read more
- Dhoni's home turf to adopt clean energy for its daily power need Read more
- Energy PSUs to fund fertiliser plants in UP Read more
- Andhra now second state to achieve 100% electrification Read more