According to Indian Railways Mission 41k initiative, the national carrier will electrify 24,000km of rail tracks over the next five years. Photo: Pradeep Gaur/MintNew Delhi: Railway minister Suresh Prabhu on Tuesday unveiled a plan to save Rs41,000 crore over 10 years through an integrated energy management system. Through electrification, railways can reduce dependence on imported fuel and rationalize the cost of energy. During 2014-15, the total energy cost of Indian Railways was Rs31,220 crore. The move comes as railways projects a six-fold increase in its passenger and freight traffic by 2030.

Source: Mint January 17, 2017 19:24 UTC