LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Diesel Guzzler Indian Railways Turns to Natural Gas to Cut Cost

According to Indian Railways' board, using natural gas is about 25 per cent cheaper than the alternative fuels used by the railways at workshops and production units.

Reuters

Updated:August 31, 2018, 10:03 PM IST
facebookTwittergoogleskypewhatsapp
Diesel Guzzler Indian Railways Turns to Natural Gas to Cut Cost
Birds fly past the logo of India's state-owned natural gas utility GAIL (India) Ltd installed on its corporate office building in New Delhi, April 26, 2018. REUTERS
Loading...
New Delhi:Indian Railways on Thursday signed a preliminary deal with gas firm GAIL (India) Ltd to use natural gas in some of its operations, part of a drive by the world's third biggest oil consumer to gradually shift to cleaner fuels.

India is building infrastructure, including pipelines and import facilities, to raise the share of gas in its energy mix to 15 percent in next few years from the current level of about 6.5 percent.

Using natural gas will be about 25 per cent cheaper than the alternative fuels used by the railways at workshops and production units, said Ashwani Lohani, chairman of Indian Railways' board. He said the company would strive to shift all 54 of its workshops to natural gas by June 2019.

Indian Railways annually consumes about 3 billion litres of diesel, said Chetram, chief administrative officer of Indian Railways Organisation for Alternate fuels.

Only a fraction of that will be replaced by natural gas, he added. He said Indian Railways can replace 844,027 cubic metres of acetylene, 2.35 million kilograms of liquefied petroleum gas and 140,991 kilograms of cut gases to save 170 million rupees ($2.4 million) a year.

"The objective of this memorandum of understanding is, on a pan-India basis, wherever we have reach, we will be supplying natural gas to the Indian Railways," said B.C. Tripathi, chairman of GAIL India.

Catch the biggest newsmakers and the biggest newsbreaks on CNN-News18, the only news destination. Keep watching CNN-News18 at just 50 paise per month. Contact your cable/DTH operator now!

*Rental/capacity fee of Rs. 130/- as charged by cable/DTH operator may apply. **GST extra.
| Edited by: Naqshib Nisar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Sun Pharma 390.75 -8.39
Reliance 1,184.35 4.40
Jet Airways 281.20 -1.44
Yes Bank 198.60 -1.44
HUL 1,744.10 -0.42
Company Price Change %Gain
Sun Pharma 390.75 -8.52
Reliance 1,182.95 4.34
ICICI Bank 371.90 -0.39
Jet Airways 281.35 -1.21
Yes Bank 198.25 -1.59
Top Gainers
Company Price Change %Gain
Reliance 1,184.35 4.40
Wipro 346.15 3.21
Kotak Mahindra 1,240.20 1.66
Hindalco 208.80 1.36
Adani Ports 399.30 1.22
Company Price Change %Gain
Reliance 1,182.95 4.34
Kotak Mahindra 1,237.35 1.41
HCL Tech 964.50 1.02
Asian Paints 1,401.30 0.85
ONGC 146.25 0.79
Top Losers
Company Price Change %Gain
Sun Pharma 390.75 -8.39
Bharti Airtel 311.15 -6.29
GAIL 322.15 -3.08
Larsen 1,317.90 -2.09
HPCL 239.50 -1.92
Company Price Change %Gain
Sun Pharma 390.75 -8.52
Bharti Airtel 310.95 -6.42
Larsen 1,318.25 -2.07
Axis Bank 664.30 -1.77
Yes Bank 198.25 -1.59

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results