Shimla, 01 September: Himachal Pradesh Transport Corporation (HRTC) is witnessing a remarkable change, with the income increasing by a record 37.5% in August 2024. Moving from loss to profit, the corporation’s income increased to Rs 70 crore this August from Rs 51 crore last year. The income for the same month in 2022 was Rs 58 crore, indicating a steady upward trend.
The significant increase in revenue can be attributed to initiatives such as setting monthly income targets for all HRTC depots and closely monitoring each route. Rationalization of routes has also played an important role in reducing losses, further boosting the financial health of the corporation.
HRTC Managing Director Rohan Thakur expressed confidence in the corporation’s continued growth and said, “The corporation’s income has increased by a record 37.5 percent in August. This significant revenue growth has resulted from our efforts to cut down unnecessary expenses and increase income. We have set a target to increase the corporation’s revenue to Rs 80 crore this financial year.”
One of the key factors contributing to the revenue growth has been the uninterrupted operation of most HRTC routes even during the challenging rainy season. On routes where landslides had blocked roads, buses were operated through transshipment, to ensure that services continued with minimal disruption. In contrast, in previous years, routes remained closed for weeks following such incidents. As a result of this proactive approach, HRTC has earned Rs 48 crore more in the first five months (April-August) of the 2024 financial year as compared to the same period last year.
The increase in income has also enabled HRTC to address critical operational challenges. The corporation has been able to make timely payments to spare parts dealers and diesel suppliers, thereby significantly reducing the frequency of bus breakdowns and diesel shortages. Additionally, the introduction of a new ticket management system has enhanced passenger convenience, allowing fare payments to be made through UPI, debit cards and credit cards. The inventory management system implemented at HRTC workshops has also helped in effective cost management by curbing unnecessary purchases of spare parts and tools.
HRTC’s financial stability is further reflected in the timely disbursement of salaries to its employees. For the past nine months, 11,000 employees have received their salaries on the first of each month, in contrast to the earlier delay of 10 to 15 days.
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