The official claimed that the conventional electro-mechanical drives used more coal to rotate motors as compared to modern hydraulic drives.
He said that the hydralic drives would reduce the power consumption, adding that a saving of one MW of power would correspond to an annual saving of 6000 mt to 8000 mt of coal depending on the grade.
The official said that the company was targetting to address the Rs 1000-crore retro-fit market.