Indian Railways explore alternatives to diversify its freight mix
RAILWAYS & METRO RAIL

Indian Railways explore alternatives to diversify its freight mix

Indian Railways is aiming to diversify its freight mix to lessen its reliance on coal, which is one of the national transporter’s mainstays in the cargo transport business, according to the Ministry of Railways.

Officials from the railways said they aim to replace coal with more freight from the car, consumer goods, and so-called white goods industries, which include companies that make air conditioners, refrigerators, washing machines, and other home equipment.

Coal accounts for a significant portion of Indian Railways' freight. For instance, in May, the Indian Railways loaded 114.8 million tonne (mt) of freight, with coal accounting for 54.52 mt of the total.

According to an official, the Indian Railways is addressing earlier concerns about increasing its share of freight transport because the railways were losing out on many industries' business due to inefficient paperwork, improper minute-to-minute tracking, and slow train speeds.

Officials expect live freight load tracking, more efficient payment systems, better rail speeds, and cheaper tariffs for some commodities to help the company boost its share of cargo transport from industries other than coal.

To speed up the process, Business Development Units have been established in each railway zone and at the Ministry of Railways. The national carrier also hopes that its new online payment system will make freight charges more transparent and decrease the inconveniences associated with freight loading and payment, encouraging more industries, particularly micro, small, and medium enterprises to shift goods to Indian Railways.

Western Railway was the first division across all railways to implement an online payment system for freight charges on the transportation management system.

Suneet Sharma, Chairman of the Railway Board and Chief Executive Officer, told reporters that the Indian Railways had increased freight loading from the cement and automobile industries, and many others.

Image Source


Also read: Indian Railways records highest ever freight loading for the month of May

Also read: Indian Railways experience a 59.38% increase in freight loading

Indian Railways is aiming to diversify its freight mix to lessen its reliance on coal, which is one of the national transporter’s mainstays in the cargo transport business, according to the Ministry of Railways. Officials from the railways said they aim to replace coal with more freight from the car, consumer goods, and so-called white goods industries, which include companies that make air conditioners, refrigerators, washing machines, and other home equipment. Coal accounts for a significant portion of Indian Railways' freight. For instance, in May, the Indian Railways loaded 114.8 million tonne (mt) of freight, with coal accounting for 54.52 mt of the total. According to an official, the Indian Railways is addressing earlier concerns about increasing its share of freight transport because the railways were losing out on many industries' business due to inefficient paperwork, improper minute-to-minute tracking, and slow train speeds. Officials expect live freight load tracking, more efficient payment systems, better rail speeds, and cheaper tariffs for some commodities to help the company boost its share of cargo transport from industries other than coal. To speed up the process, Business Development Units have been established in each railway zone and at the Ministry of Railways. The national carrier also hopes that its new online payment system will make freight charges more transparent and decrease the inconveniences associated with freight loading and payment, encouraging more industries, particularly micro, small, and medium enterprises to shift goods to Indian Railways. Western Railway was the first division across all railways to implement an online payment system for freight charges on the transportation management system. Suneet Sharma, Chairman of the Railway Board and Chief Executive Officer, told reporters that the Indian Railways had increased freight loading from the cement and automobile industries, and many others. Image Source Also read: Indian Railways records highest ever freight loading for the month of May Also read: Indian Railways experience a 59.38% increase in freight loading

Next Story
Infrastructure Energy

Greaves Electric Mobility Files for IPO

Electric-vehicle manufacturer Greaves Electric Mobility has announced plans to raise Rs 10 billion through an initial public offering (IPO), as stated in its draft papers filed. The company, recognised for its 'Ampere' brand of electric scooters, also produces three-wheelers under a separate brand. Greaves Electric’s major shareholders, Greaves Cotton—a publicly listed entity—and investment firm Abdul Latif Jameel Green Mobility Solutions, will collectively sell approximately 189.4 million shares through the IPO. This move positions Greaves Electric alongside larger competitor Ather En..

Next Story
Infrastructure Energy

IREDA Approves Rs 30 Billion for Odisha's Renewable Energy Projects

Indian Renewable Energy Development Agency (IREDA) has approved funding exceeding Rs 30 billion for renewable energy projects in Odisha as the state strives to achieve its goal of 10 GW capacity by 2030. Pradip Kumar Das, Chairman and Managing Director of IREDA, shared this update during the Odisha Solar Investor Conclave organised by GRIDCO. He emphasised that accessible financing is crucial to fostering the adoption of renewable energy. Das outlined IREDA's significant contributions to funding renewable energy projects in Odisha, spanning sectors such as solar, hydro, ethanol, and renewable..

Next Story
Infrastructure Energy

Oil Prices Rise Amid Light Pre-Christmas Trading

Oil prices edged higher during light trading ahead of the Christmas Day holiday. The increase was attributed to positive US economic data and growing oil demand in India, the third-largest importer of oil globally. Brent crude futures rose by 33 cents, or 0.45 per cent, to reach $72.95 per barrel, while US West Texas Intermediate (WTI) crude futures gained 29 cents, or 0.42 per cent, settling at $69.53 per barrel as of 0114 GMT. Economic indicators in the United States highlighted a surge in new orders for key manufactured capital goods in November, driven by robust demand for machinery. Add..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000