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Railways made Rs 35,073 cr in 10 years by just selling scrap
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SME Times News Bureau | 10 Oct, 2019
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.
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.
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.
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