Vatanbir

Main Menu

  • Home
  • Transport business
  • Transport corporation
  • Transport industry
  • Tank transport
  • Transport lending

Vatanbir

Header Banner

Vatanbir

  • Home
  • Transport business
  • Transport corporation
  • Transport industry
  • Tank transport
  • Transport lending
Transport corporation
Home›Transport corporation›TSRTC suffers loss of Rs. 900 crore in April-July

TSRTC suffers loss of Rs. 900 crore in April-July

By Linda Glidden
August 24, 2021
0
0


Hyderabad: In the wake of the coronavirus pandemic, many sectors have been hit hard financially. In order to avoid mass gatherings during the deadly second wave of COVID-19, many people sought to travel with their own means of transport or by sharing trips by bus or public transport instead.

As a result, TSRTC suffered a loss of Rs. 900 crore during the period from April to July. Already, the company was making losses.

It should be noted that two years ago the state government increased Rs.0.20 paisa on one ticket for every mile. As a result, the company earned income of Rs.14 crore. During this period, TSRTC was able to control the losses.

However, losses have increased further over the past year and a half with the emergence of the coronavirus pandemic and the lockdowns that followed, which resulted in the confinement of buses at bus depots.

Apart from this, the company had to bear additional costs with the rising prices of petroleum products.

A TSRTC official said that during the first quarter of April to July of this fiscal year, the transport company suffered a loss of more than Rs 900 crore. Financial analysts have estimated an average loss of Rs. 225 crore each month, he said.

An official said the company has asked the state government to increase travel costs.

It was noted that in the past year, an additional burden of Rs 2million has been placed on the company with the rise in diesel prices. With the continuous rise in diesel prices, the company is unable to come out of losses.

Officials said that 3 or 4 months ago Rs 14 was the expense of a one-mile RTC, which has now risen to Rs 18. The use of biodiesel is also being considered to reduce losses.


Related posts:

  1. RTC and Telangana Electric Utilities Call for Tariff Review
  2. After wrestling, athletics needs government patronage in Uttar Pradesh
  3. Madras HC rejects PMK’s request for cancellation of proceedings
  4. SIT to investigate charges against IAS agent for facilitating conversion

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • January 2020
  • December 2019
  • November 2019

Recent Posts

  • Historical and forecast container fleet market revenue data analysis – Designer Women
  • PWT, public transport employer Sea to Sky, sold to an American company
  • Trucking industry work team meeting
  • Scammers turn to draining fuel tanks as gas prices soar
  • Balchem ​​Corporation Completes Acquisition of Kappa

Categories

  • Tank transport
  • Transport business
  • Transport corporation
  • Transport industry
  • Transport lending
  • Privacy Policy
  • Terms and Conditions