In a bid to lower its operating ratio (the amount it spends as a proportion of the amount it earns) , which is currently at its highest level at 111%, the Indian Railways plans to utilise its vacant land to set up solar power plants of 30 gigawatt (GW) capacity.
At present, for every Rs 100 the railways earns, it spends Rs 111.
Indian Railways plans to set up plants to generate 10 GW under the first phase of the initiative. This will also aid the railways in lowering its energy bill of around Rs 30,000 crore each year. Read More
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