14.3C
Delhi
Tuesday, January 19, 2021

Railway sold Rs 35,073 cr of wagons and rail track scraps in 10 years

- Advertisement -

Railway sold Rs 35,073 cr of wagons and rail track scraps in 10 years Bhopal, Oct 10 (IANS) The Indian Railways, which does not exactly hold the reputation for being a profit-making entity has managed to swell its coffers by Rs 35,000 crore, which is more than the annual budget of three northeastern states put together.

The Railways managed to make Rs 35,073 crore in 10 years by selling off scrap, including coaches, wagons and rail tracks.

READ ALSO:  5 more Central teams set up to focus on lockdown execution

A data collected by social activist and senior journalist Jitendra Surana, seeking Right To Information, showed that the amount was even greater than the budget of Sikkim (around 7,000 crore), Mizoram (9,000 crore) and Manipur (13,000 crore) together for the fiscal year 2018-19.

Surana who hails from Malwa-Nimar region in Madhya Pradesh, has revealed the Railways figure.

READ ALSO:  1000 Railway stations across country are now into Free Wi-Fi zone

The Indian Railways said it earned maximum profit of Rs 4,409 crore by selling scrap in 2011-12. The lowest income of Rs 2,718 crore was in 2016-17.

Among scrap, rail tracks were sold the most, and the overall income from selling the tracks in 10 years stood at Rs 11,938 crore.

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News

Trending Topics In India

Covid 19 India Updates

Trending News In India

Trending Showbiz

Trending Sports

Latest Trending News In India

AWS to power IT Ministry’s quantum computing applications lab

New Delhi, Jan 19 (IANS) The Union Ministry of Electronics and Information Technology (MeitY) on Tuesday launched a quantum computing applications lab in the...

Adverse events following immunisation low, 2 deaths unrelated: Govt

New Delhi, Jan 19 (IANS) The Union Health Ministry on Tuesday said that a total of 4,54,049 people have been inoculated since the commencement...

India hopes for relaxed US visa regime under Biden

By Aarti Tikoo Singh (IANS) One of the biggest policy issues which will set the tone for the US-India strategic relationship under the new...

Farm laws: SC-appointed panel holds maiden meeting

New Delhi, Jan 19 (IANS) A committee appointed by the Supreme Court to deliberate on issues related to the three new central farm laws...