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TSRTC coffers flush with cash from school holidays
While several businesses are bearing the brunt of coronavirus, the TSRTC is raking in the moolah as the occupancy ratio and revenue has gone up as the families preferred going to their native places after the closure of all educational institutions.
Hyderabad: While several businesses are bearing the brunt of coronavirus, the TSRTC is raking in the moolah as the occupancy ratio and revenue has gone up as the families preferred going to their native places after the closure of all educational institutions.
According to the officials of the corporation, the average occupancy ratio (OR) in the RTC buses was around 68 per cent during the normal days. After some measures taken up by the corporation like rationalisation, the OR has increased to around 70.
However, the OR rose to 74 per cent during the last couple of days. The officials attributed this to the holidays declared by the government in the wake of coronavirus threat.
A senior official of the state-owned transporter told The Hans India that the earnings on Monday alone had gone to Rs 14.34 crore.
This is the highest revenue the corporation earned in the recent times. Generally, the corporation earns average revenue of Rs 11 crore to Rs 12 crore a day.
The TSRTC officials said that the ratio was higher in the district buses like Karimnagar, Warangal and Nalgonda. The officials expect the increase in OR for another few days.
"We expect that the number of passengers going to their native places will continue in coming days because the government orders are strictly implemented by closing down all the schools. Not only students but also the teachers will be going back to their native places," said a senior official.
The official said that the corporation was also taking steps to ensure hygiene in the buses. Depot managers have been asked to use the alcohol-based sanitisers and masks are being given to the conductors and drivers for their safety. Already, depots premises are cleaned with liquid sanitisers.