the summer began early in 2022. That March was the hottest on record. That sparked a huge jump in power consumption as people relied on their ACs and coolers to beat the heat wave. That meant a higher demand for coal to feed India’s thermal power plants, which account for over 70% of the country’s power generation.
The jump in demand led to a surge in rail traffic, sparking delays. In fact, the Indian Railways had to cancel over 1,000 passenger trains to facilitate the quick delivery of coal to power plants.
Such instances are set to be a thing of the past, all thanks to the Eastern Dedicated Freight Corridor (DFC). This 1,337-km dedicated rail route for coal movement connects Son Nagar in Bihar to Ludhiana in Punjab, intersecting central, eastern, and northern coalfields and feeding coal to over two dozen thermal plants in the North. Most importantly, it is expected to cut the transit time from coal mines in the East to power plants in the North by 24 hours on average.
“The days of blackouts due to coal shortages because of the inefficiency of Indian Railways are over,” Nanduri Srinivas, former Director of Operations and Business Development of the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), tells BT. “Some of the power plants in the North have cut down on coal reserve stocking, which has helped in releasing the required operational capital as coal is reaching faster due to the eastern DFC,” adds Srinivas, who retired on December 31, 2023.
Denne historien er fra June 09, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 09, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS