Page 12 - Demo

The journey of REMC Ltd. began with a key announcement %u2014 the establishment of a dedicated entity to spearhead green energy initiatives within the Railway Sector.In 2010-12, the Indian Railways (IR) was the single largest consumer of electricity in the country, consuming about 2% of total electricity generated in India. Faced with burgeoning energy bills, and a commitment to environmental sustainability, there was an urgent need for rationalising energy consumption of the Railways. The result? REMC Ltd. was born on August 16, 2013, as a joint venture between RITES Ltd. and Indian Railways (IR). RITES leveraged its expertise in Railway Infrastructure and Project Management while IR ensured alignment with the organisation%u2019s strategic objectives.Riding the Rails Towardsa Greener Future10