RTC losses reach Rs.2400 Cr Top Stories

March 30, 2012 20:18
RTC losses reach Rs.2400 Cr

APSRTC MD Mr Prasada Rao said today the total losses of the Government-owned transport organization have reached the figure of Rs.2400 Cr. till date.

Disclosing this to media persons in Hyderabad, he said the RTC suffered a loss of Rs.400 Cr during the last financial year. “Despite the losses, we have introduced 4000 new buses in 2011-12,” he said, adding, 50 new Indra services would be introduced in the financial year 2012-13.

Prasada Rao said the organization has been trying to introduce more RTC services in rural areas with the cooperation of the self help groups. (J)

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