Back to Career News

Diesel Locomotives to be Converted to Electric, Says Piyush Goyal

September 11, 2018

Diesel Locomotives to be Converted to Electric, Says Piyush Goyal
Railway Minister Piyush Goyal who was addressing a FICCI summit recently, said that the Indian Railways is looking to convert the existing diesel locomotives to electric locomotives. This will help save as much as $2 billion every year and prevent a situation in which the passengers have to be charged more instead. 

Goyal said that the government is working on electrification of the railways in a grand manner.  He also said that the existing locomotives that will be replaced by their electric counterparts will be used in border areas as backups. 

Photo credit: B V Ashok on Visualhunt.com / CC BY

Recommended for you ...

Private Banks Experience Margin Pressure as Deposit Costs Rise
Private Banks Experience Margin Pressure as Deposit Costs Rise

May 16, 2024

Canara Bank Shares Surge 4.6% After Stock Split Takes Effect
Canara Bank Shares Surge 4.6% After Stock Split Takes Effect

May 16, 2024

Private Banks in India Lead Branch Expansion Drive Over Public Sector Counterparts
Private Banks in India Lead Branch Expansion Drive Over Public Sector Counterparts

May 16, 2024

Chat on WhatsApp