New Delhi, Aug. 10 -- Indian Railways has been facing a challenging year because of the coronavirus outbreak. With passenger revenues hit by the limited train services in the first quarter of the fiscal, the national transporter is pinning hopes on an increase in freight revenue and lower expenditure to match last year's operating ratio.

Plans are being finalized for private firms to run freight trains on dedicated freight corridors, Railway Board chairman Vinod Yadav said in an interview. Also, for the first time, 150 modern passenger trains will be launched by private companies in the next three years. The private sector will also take part in the redevelopment and transformation of railway stations into commercial hubs. Edited excerpt...