The Indian Railways is set to kick-start the largest ever disinvestment exercise, which involves the monetisation of its power transmission lines, also called overhead equipment network, the Economic Times has reported.
Of the Indian railways’ 66,000-km network, 25,000 km is electrified.
According to the report, the railways is planning to raise at least Rs 25,000 crore from the disinvestment exercise. The proposal, which was mooted in the last fiscal, had failed to make progress because of reservations from senior officials. However, it has now been cleared by Railways Minister Piyush Goyal.
“Earlier, there were several reservations related to the proposal as such kind of divestment has never been undertaken by the railways. Also, we were apprehensive if the rail unions would agree to it. But now the air has been cleared and we are hopeful of going ahead with the proposal soon,” a railways official said. Read More