City
Epaper

Govt launches new railway plan to cut cost of moving coal from mines by Rs 21,000 cr a year

By IANS | Updated: February 29, 2024 21:25 IST

New Delhi, Feb 29 Union Minister of Coal Pralhad Joshi on Thursday launched a groundbreaking 'Coal Logistics Plan ...

Open in App

New Delhi, Feb 29 Union Minister of Coal Pralhad Joshi on Thursday launched a groundbreaking 'Coal Logistics Plan and Policy' aimed at a strategic shift towards a railway-based system to evacuate coal from the pitheads of mines, which will cut transport costs by 14 per cent, enabling a savings of Rs 21,000 crore a year.

The Coal Logistics Plan proposes a strategic shift towards a railway-based system that will lead to first-mile connectivity projects at the mines. Currently, evacuation of coal from the mining pitheads is done by trucks to the railway points that are located at a substantial distance from the mines.

The minister emphasised on augmenting the railway network through First-Mile Connectivity at the mines. This transformative approach is expected to minimise air pollution, alleviate traffic congestion, and reduce carbon emissions by approximately 100,000 tonnes per annum. Moreover, a 10 per cent savings in average turnaround time of wagons nationwide is expected.

Highlighting the significance of integrated transportation systems, minister Joshi emphasised the Ministry's initiative to integrate Rail-Sea-Rail (RSR) transportation, which has witnessed a remarkable growth of around 50 per cent over the past five years, with plans for further expansion to 120 billion tonnes by FY 2030.

Additionally, aligned with the PM Gati Shakti, 37 critical railway projects have been identified to meet the future coal evacuation demand.

The Minister also emphasised that the Ministry has launched 15 railway projects to address multimodal connectivity gaps, out of which five have already been commissioned.

Coal Secretary Amrit Lal Meena reiterated the Ministry's commitment to enhancing efficiency in coal transportation and fostering robust infrastructure development.

Meena also highlighted proposals for extensive energy corridor projects, including construction of new railway lines and capacity augmentation of the existing lines.

He stressed on the importance of maintaining momentum to ensure coal's integral role in India's energy security and economic growth while upholding sustainability and social responsibility standards, and urged all the stakeholders to work in close coordination to ensure easy access to coal for everyone.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentTom Cruise joins Cannes masterclass to celebrate 'Mission: Impossible' filmmaker Christopher McQuarrie

TechnologyIndia’s bioeconomy aims to reach $300 billion by 2030: Dr Jitendra Singh

HealthIndia’s bioeconomy aims to reach $300 billion by 2030: Dr Jitendra Singh

BusinessIndia’s bioeconomy aims to reach $300 billion by 2030: Dr Jitendra Singh

BusinessPAR 3 MASTERS: Jaipur’s Rambagh Golf Club Hosts Rajasthan’s First-Ever Pitch & Putt Golf Tournament

Business Realted Stories

BusinessSRIF HR Summit 2025 - From Strategy to Synergy

BusinessICIM Leads the Way in Industrial Workforce Transformation with Certified Compliance, Safety, and ESG Training Programs

BusinessDr. Lakshya Mittal Receives Dr. B.C. Roy Memorial Award from Union Minister Dr. Mansukh Mandaviya at UDFCON 2025

BusinessOne more cap in India's semiconductor mission, new plant at Jewar UP announced

BusinessDomino’s Pizza India operator Jubilant FoodWorks' Q4 net profit drops 77 pc