RECORD! Highest ever sale! Indian Railways achieves yet another feat
In a major feat, Indian Railways has achieved highest ever scrap sale in Financial Year 2020-21.
In a major feat, Indian Railways has achieved highest ever scrap sale in Financial Year 2020-21. Through this sale, Indian Railways earned total Rs 4573 Cr. during 2020-21 compare to Rs 4333 Cr. during 2019-20 which is 5.5% higher. This is the previous best was Rs 4409 Cr. in 2009-10.
"Indian Railways makes all out efforts to optimally utilise resources by mobilising scrap materials and sale through e-auction," Ministry of Railways said in a statement.
Generation and sales of unserviceable/scrap railway material is an ongoing process and is monitored at highest level in Zonal Railways and in Railway Board.
"Railway administration makes all out efforts to mobilise scrap materials and sale through e-auction. In construction projects, scrap is normally generated in Gauge Conversion projects. Released Permanent Way items being offered for scrap are not reusable on track. These are disposed off in accordance with the Codal provisions of Railways," Ministry of Railways informed in a statement.
Earlier, it was reported that beating all odds created by pandemic and despite the Covid challenges, Indian Railways closed the financial year with record freight loading and earnings.
In the closing month of this fiscal year 2020-21, Indian Railways surpassed the last year’s loading that is 1224.45 compared to last year’s 1205.04 which shows the growth of 2%. Indian Railways earned 116634.9 from freight loading compared to last year’s earning 113477.9 which sees the growth of 3%.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.