MUMBAI: MSRTC, which incurred huge losses during Covid-19, on Tuesday said it will set up 30 petrol and diesel pumps, five liquefied natural gas (LNG) pumps to earn more revenue. MSRTC managing director Shekhar Channe told TOI it will be a \u201cnew business venture\u201d. \u201cIndian Oil Corporation will help us to set up the pumps and infrastructure. The pumps will come up on MSRTC land. They will be operated by our officials and profits will go into our kitty,\u201d he said.
\nAn MoU was signed between MSRTC and IOC officials in the presence of state transport minister Anil Parab, who expedited the plan. \u201cWith transportation not generating steady income and losses mounting during Covid, the state bus corporation decided to go in for dealership,\u201d Parab said.
\nMSRTC\u2019s accumulated losses are Rs 6,000 crore and it is incurring a daily loss of around Rs 22 crore, with most buses in the 18,000-strong fleet lying idle or operating with few passengers.<\/p>\n","protected":false},"excerpt":{"rendered":"
MUMBAI: MSRTC, which incurred huge losses during Covid-19, on Tuesday said it will set up 30 petrol and diesel pumps, five liquefied natural gas (LNG) pumps to earn more revenue. MSRTC managing director Shekhar Channe told TOI it will be a \u201cnew business venture\u201d. \u201cIndian Oil Corporation will help us to set up the pumps and infrastructure. The pumps will come up on MSRTC land. They will be operated by our officials and profits will go into our kitty,\u201d he said. An MoU was signed between MSRTC and IOC officials in the presence of state transport minister Anil Parab, who […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-368554","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=368554"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368554\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}