Railways registers record sale in scrap in 2020-21
The Hindu
The previous best scrap-sale value was ₹4,409 crore in 2010-2011
Despite suffering huge revenue losses in its core passenger segment due to the coronavirus crisis, the railways seems to have hit pay dirt in its earnings from the sale of scrap, registering its highest ever revenue of ₹4,575 crore under this head in 2020-21, an RTI query has found. The previous best scrap-sale value was ₹4,409 crore in 2010-2011. In the Indian Railways, scrap materials are generated mainly by way of laying new tracks, converting old tracks into new ones, abandoning old structures, selling old locomotives, coaches and wagons, selling old surplus or condemned diesel locomotives due to rapid electrification of routes and waste materials generated by workshops. This has been a significant source of revenue for the national transporter over the years.More Related News