Switching to electric power has saved Railways ₹6,000 crore: Vaishnaw in Lok Sabha

The Railways has saved ₹6,000 crore by shifting from diesel to electric energy to run trains, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Tuesday (March 17, 2026).

Responding to a debate on demands for grants of the Railway Ministry, he also said that the national transporter has become the second largest cargo carrier in the world.

Mr. Vaishnaw said that during the tenure of Prime Minister Narendra Modi’s government, 35,000 km of railway track has been laid while 27,000 km has been electrified.

He said while staff cost is the biggest expenditure of the Railways, energy is the second biggest expenditure.

He noted that in coming times diesel locomotives will fade away making way for electric locomotives.

Mr. Vaishnaw said since the Modi government came to power in 2014, politics of performance has taken over from politics of vote.

He said that in a visionary decision, Prime Minister Modi had decided to merge the railway Budget with the general Budget which has led to increase in financial allocation for his ministry.

Now, new trains are inaugurated and new projects are launched throughout the year, which was not the case earlier. Railways’ financial health has increased and so has transparency in publishing accounts, he said.

Mr. Vaishnaw noted that the Finance Ministry and other agencies keep a tab on monetary health using IT systems.

As many as 210 MPs participated in the debate which lasted two days.