The Railways may have suffered losses in passenger service due to Corona, but it has made a lot of profit from the sale of junk. So far, he has raised the maximum Rs 4575 crore from this.
Railway earnings from junk
Passenger train service was badly affected due to Corona crisis. Due to which there was huge loss of revenue. But in the meantime, the Railways made a good profit from the sale of scrap, which helped in meeting the loss. A reply received under the Right to Information (RTI) revealed that in 2020-21, the highest ever income of Rs 4575 crore has been earned from the sale of scrap to the Railways.
Earlier in 2010-11, Railways had collected revenue of Rs 4,409 crore by selling scrap. In response to the information sought by Chandra Shekhar Gaur of Madhya Pradesh under the RTI Act, the Railway Board said that in 2020-21 affected by the COVID-19 epidemic, the Railways have earned five percent more income from scrap than last year. Railways said that scrap material worth Rs 4,333 crore was sold in 2019-20, while Rs 4,575 crore was earned from scrap in the year 2020-21.
A railway spokesperson said, “This figure was achieved despite the COVID-19 pandemic during 2020-21 and almost zero sales activity in the first quarter of 2020-21. Scrap sales gained momentum especially during the last quarter of 2020-21. In zonal railways the target was not only achieved but also exceeded with the cooperation between the concerned departments. The highest figure of Rs 491 crore has been achieved by Western Railway according to zonal railways.
Junk includes things like old tracks, old structures, old engines and coaches etc. During rapid electrification of routes, replacement of diesel locomotives and also during manufacturing in factories, more junk material is generated. It has been a good source of income for the Railways in the last few years. According to a railway spokesperson, in order to make the process of sale of scrap easier and transparent, the auction of waste items has been done electronically. The Railway Board has set a target of raising Rs 4,100 crore from the sale of scrap for the financial year 2021-22.
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