Latest news with #MaharashtraStateRoadTransportCorporation
Time of India
17 hours ago
- Time of India
MSRTC, CR to deploy extra buses & trains to Pandharpur
Nashik: The Maharashtra State Road Transport Corporation ( MSRTC ) has geared up to deploy 300 additional buses for the Pandharpur pilgrimage during Ashadhi Ekadashi July 2-11. Similarly, the Central Railways (CR) also decided to run special trains to assist the pilgrims. "There will be to-and-fro buses to Pandharpur. These will be operated from Nashik, Malegaon, Satana, Kalwan, Manmad, Chandwad, Yeola, Lasalgaon, Pimpalgaon Baswant, Nandgaon, Sinner, Igatpuri, and Peth depots," said an MSRTC officer. The CR also arranged for Ashadi special trains from Nagpur and Bhusawal to Pandharpur. The Nagpur-Miraj special will leave Nagpur at 8.50am on July 4-5 and reach Miraj at 11.55am the next day. In return, train no 01206 will leave Miraj at 12.55 pm on July 5-7 to reach Nagpur at 12.25pm the next day. The New Amravati-Pandharpur special train will leave New Amravati at 2.40pm on July 2-5 to reach Pandharpur at 9.10am the next day. In the return journey, the train will start from Pandharpur at 7.30 pm on July 3 and July 6 to reach New Amravati at 12.50pm the next day. Bhusaval-Pandharpur Unreserved special train will leave Bhusaval at 1.30pm on July 5 and will reach Pandharpur at 3.30am the next day. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo In the return journey, it will start at 10.30pm on July 6 to reach Bhusaval at 1pm next day. Nashik: The Maharashtra State Road Transport Corporation (MSRTC) has geared up to deploy 300 additional buses for the Pandharpur pilgrimage during Ashadhi Ekadashi July 2-11. Similarly, the Central Railways (CR) also decided to run special trains to assist the pilgrims. "There will be to-and-fro buses to Pandharpur. These will be operated from Nashik, Malegaon, Satana, Kalwan, Manmad, Chandwad, Yeola, Lasalgaon, Pimpalgaon Baswant, Nandgaon, Sinner, Igatpuri, and Peth depots," said an MSRTC officer. The CR also arranged for Ashadi special trains from Nagpur and Bhusawal to Pandharpur. The Nagpur-Miraj special will leave Nagpur at 8.50am on July 4-5 and reach Miraj at 11.55am the next day. In return, train no 01206 will leave Miraj at 12.55 pm on July 5-7 to reach Nagpur at 12.25pm the next day. The New Amravati-Pandharpur special train will leave New Amravati at 2.40pm on July 2-5 to reach Pandharpur at 9.10am the next day. In the return journey, the train will start from Pandharpur at 7.30 pm on July 3 and July 6 to reach New Amravati at 12.50pm the next day. Bhusaval-Pandharpur Unreserved special train will leave Bhusaval at 1.30pm on July 5 and will reach Pandharpur at 3.30am the next day. In the return journey, it will start at 10.30pm on July 6 to reach Bhusaval at 1pm next day.
New Indian Express
a day ago
- Business
- New Indian Express
Hyderabad-based firm raises USD 10 million, secures Maharashtra RTC project
HYDERABAD: Hyderabad-based Brihaspathi Technologies Limited — an AI-driven surveillance and security solutions provider — has raised USD 10 million from foreign institutional investors and others. The funds will support the company's expansion, including the establishment of a new CCTV manufacturing unit in Hyderabad, which is expected to be operational by the end of this financial year. Managing Director Rajasekhar Papolu on Thursday revealed that the company has secured a major surveillance contract from the Maharashtra State Road Transport Corporation (MSRTC) to implement an AI-enabled CCTV monitoring system across its network. 'Brihaspathi Technologies is also preparing for an Initial Public Offering (IPO) in FY 2026-27. The proceeds will be used to enhance R&D, boost manufacturing capabilities and advance AI-based innovations,' he added.
Hindustan Times
a day ago
- Business
- Hindustan Times
MSRTC Pune division targets ₹65 crore monthly revenue
Pune: After the state transport minister Pratap Sarnaik released the white paper of the Maharashtra State Road Transport Corporation (MSRTC) on Tuesday, many steps to boost revenue and better passenger facilities are being taken up at the Pune divisional level. MSRTC Pune divisional controller Arun Siya has outlined the division's revenue goals and future strategies to strengthen its financial base. ((PIC FOR REPRESENTATION)) Arun Siya, divisional controller, Pune MSRTC, outlined the division's revenue goals and future strategies to strengthen its financial base. 'Our focus is to raise the monthly revenue from the current ₹ 55 crore to ₹ 65 crore, and we collected ₹ 60 crore in May. We are working to increase the frequency of schedules on key routes, especially to underserved and high-demand areas across the state to boost revenue,' said Siya. 'We have already started operational reviews of existing routes and are optimising schedules to match commuter needs. This includes deploying new buses and ensuring minimum idle time.' he said. MSRTC Pune division has 850 buses, including 64 electric Shivai, 36 Shivshahi Volvo luxury and 200 CNG vehicles. Plans are afoot to induct an additional 120 to 140 diesel buses by the end of the year, and 70 have already been delivered. Siya stated that the Pune division plans to tap into festival and holiday rush traffic, introducing dynamic scheduling, and launching commuter-friendly mobile updates. Meanwhile, MSRTC white paper revealed the public transport utility has accumulated losses amounting to ₹ 10,322.32 crore over the past five decades. Additionally, dues related to employee benefits, including provident fund and gratuity, stand at ₹ 3,297.65 crore.
India Today
2 days ago
- India Today
How Maharashtra's legacy state bus service plans to shift gears to profitable run
It is widely seen as Maharashtra's lifeline, connecting metros like Mumbai and Pune, and also far-flung hamlets in tribal districts such as Gadchiroli and Palghar. However, the Maharashtra State Road Transport Corporation (MSRTC) is staring at a legacy financial crisis, with accumulated losses of Rs 10,322.3 services were launched to replace the privately-run service motors that once plied in the state. The first bus ran on June 1, 1948 on the Pune-Ahmednagar (present-day Ahilyanagar) route. It initially had Bedford buses with wooden body and coir seats; the fare was nine paise on the Pune-Ahmednagar route. The present-day MSRTC encompasses the public sector passenger road transport services of the former states of Bombay, Madhya Bharat, and the princely state of with a fleet of just 35 buses, the MSRTC's inventory grew to 10,028 in 1981-82, 14,893 in 1991-92, 17,071 in 2001-02 and 18,275 in 2011-12, before dropping to 17,702 in 2021-22 and 15,764 in 2024-25. At present, the state-run corporation has a staff strength of 86,317, covers 1,858 million km per year and carries 2,133.4 million passengers MSRTC has 598 bus stations and 3,227 bus stops. The slogans of 'Gaav Tithe ST' (a ST bus in all villages) and 'Rasta Tithe ST' (a ST bus on every road) has led to the spread of this public transport service in the remote interiors of Maharashtra. Apart from carrying passengers and luggage, MSRTC buses also deliver postal mail, medicines, newspapers and tiffins to students from rural areas studying in towns and cities. It also carries agricultural However, years of mismanagement and politically-motivated decisions, along with proliferation of private bus services and illegal passenger transport through over-loaded jeeps, have taken their toll. In the past 45 years, the MSRTC has made profits in just eight years, as per a white paper on the corporation released by transport minister Pratap Sarnaik. The accumulated losses have grown steadily, from Rs 4,603.08 crore in 2018-19 to Rs 5,319.22 crore in 2019-20, Rs 7090.62 crore in 2020-21, Rs 8,229.2 crore in 2021-22, Rs 9,314.09 crore in 2022-23 and Rs 10,322.32 crore in white paper reveals that the average per-km expenditure of MSRTC is Rs 58.5 against, say, Rs 49.91 of the Karnataka State Road Transport Corporation (KSRTC) and Rs 55.73 for the Rajasthan State Road Transport Corporation (RSRTC). The average load of passengers in Maharashtra's state transport buses is 83.72 per cent per bus against 93 per cent in KSRTC and 97 per cent in document has listed reasons for the losses, such as inadequate number of buses, buses nearing the end of their lifespan, loss-making routes, irregular fare hikes and so on March 2025, the MSRTC's outstanding liabilities were Rs 3,297.65 crore, including Rs 1,262.72 crore towards provident fund arrears, Rs 1,114.89 crore gratuity and Rs 821.13 crore in passenger tax arrears. It also has Rs 217.19 crore in outstanding diesel and supplier state government has provided the MSRTC aid and grants from time to time. Sarnaik has said the MSRTC will not take buses on rent or wet lease as this works in favour of contractors instead of the corporation. He, however, added that the government planned to buy 5,000 buses every year for the next five years and that financial aid must be provided to the MSRTC is also planning to purchase mini buses to reach tribal areas of the state. Sarnaik said they were confident of getting the MSRTC out of the red in the coming MSRTC also plans to take measures such as inducting high-end Volvo buses, allowing oil marketing companies to start petrol pumps on MSRTC land on a revenue-sharing basis, allowing development of the MSRTC's land and creating infrastructure for passengers to increase the corporation's income. To reduce losses, the MSRTC will induct 5,000 LNG (liquefied natural gas)-powered buses, 1,000 CNG (compressed natural gas)-powered buses, and reduce its to India Today Magazine- EndsMust Watch
Indian Express
4 days ago
- Business
- Indian Express
MSRTC made losses in 37 of past 45 years; Transport Minister Pratap Sarnaik promises to revive it in 4 years
Hit with a decline in the number of buses, passengers and employees over the last decade, the Maharashtra State Road Transport Corporation (MSRTC) recorded a total cumulative operating loss of Rs 10,322.32 crore in the 2023-24 financial year. While the bus shortage restricts its ability to respond to passenger demand and operations on loss-making routes continue to hurt its prospects, the corporation is looking to induct 5,000 new buses annually and provide its land to run fuel stations on a revenue-sharing basis. Transport Minister Pratap Sarnaik has announced the plan as he promised to revive the corporation over the next four years. A white paper issued on Monday provides an account of the MSRTC's performance over the last 45 years and suggests measures to increase revenue and limit losses. The white paper states that MSRTC has earned profits in just eight of the past 45 financial years while suffering losses for the remaining 37 years. The MSRTC spent Rs 4,864.34 crore on salaries of employees and Rs 3,656.76 crore on fuel in 2023-24. As of March 2025, outstanding liabilities exceeded Rs 3,500 crore, comprising Rs 1,262.72-crore provident fund arrears, Rs 1,114.89-crore contribution to the gratuity trust, Rs 217.19 crore in outstanding fuel and supplier invoices, and Rs 821.13 crore in passenger tax arrears. MSRTC started on June 1, 1948, with one bus on the Pune-Ahmednagar route. The fleet later increased from 35 buses to 10,028 buses in 1981-82 and to 18,275 buses in 2011-12. The fleet declined to 15,764 buses in 2024-2025. The passenger traffic also increased from 127.52 crore passengers in 1981-82 to 260.04 crore in 2011-12 before it fell down to 213.34 crore in 2024-25. On the other hand, the workforce increased from 79,458 employees in 1981-82 to 112,200 employees in 1991-92, before falling to 86,317 employees in 2024-25. According to MSRTC officials, most buses have passed their life span, resulting in frequent breakdowns and higher repair costs. 'The corporation continues to operate on loss-making routes as part of its social obligations, which adds to its financial burden. One obvious thing: delays in fare revisions have kept revenue below operational costs. Illegal transport operators, especially in rural areas, attract passengers by offering lower fares and have taken away a significant share of the MSRTC's ridership,' said a senior MSRTC official. The government, however, has managed to keep the MSRTC operational with a subsidy. It provided Rs 6,353.80 crore as capital grants between 2001 and 2024 and disbursed Rs 4,708.73 crore as revenue grants between 2020 and 2023. In the past four years, it also paid back Rs 9,922.78 crore as subsidies. Pratap Sarnaik, who is also chairman of the MSRTC, said the recommendations in the white paper would be implemented. 'We have put forth the corporation's current status through the white paper. During my tenure, I promise to revive it by bringing it out of losses in the next four years, if not profitable,' he said. He also appealed to board members and employees to adhere to the cost benchmarks and achieve the revenue targets. For increased revenue, the corporation will induct 5,000 new buses annually and rent Volvo buses. It will provide land for retail fuel stations based on revenue-sharing arrangements with fuel companies. The white paper also stressed that the MSRTC's assets in the form of land will be developed on build-operate-transfer or public-private partnership terms. The MSRTC will also upgrade routes to superior classes to charge higher fares and generate more non-operational revenue through retail leases and asset growth. According to Sarnaik, the MSRTC will now have targets fixed for revenue per kilometre and passenger amenities. 'On the spending side, cost-cutting efforts include the induction of 5,000 LNG buses and 1,000 CNG buses into the fleet. The adoption of an ERP (Enterprise Resource Planning) system is also proposed to enhance efficiency in management, along with defining cost-reducing standards,' stated the white paper. Besides, to improve passenger comfort and safety, the MSRTC plans to induct 5,300 electric buses and introduce the National Common Mobility Card for concessional travel. It will expand digital ticketing through electronic ticket-issuing machines and extend the online reservation system. The corporation will also install CCTV cameras on buses and in their depots to increase security. It will offer fare concessions to long distance passengers not covered under existing schemes. For its employees, the MSRTC will also roll out employee welfare schemes to address training and healthcare needs. 1981-82 Number of buses 10,028 Number of passengers 127.52 crore Number of employees 79,458 Number of bus depots 396 2011-12 Number of buses 18,275 Number of passengers 260.04 crore Number of employees 1,12,200 Number of bus depots 247 2024-25 Number of buses 15,764 Number of passengers 213.34 crore Number of employees 86,317 Number of bus depots 598
