Hyderabad: TRSTC is about to sign MoU's with these companies; know more!

Sep 15 2020 11:03 AM
Hyderabad: TRSTC is about to sign MoU's with these companies; know more!

Thee have been significant developments in the city of Hyderabad. Telangana State Road Transport Corporation (TSRTC) is targeting commercial revenue to raise its economic status and planning big on their idle lands across the State. Therefore, RTC had entered into an MoU with HPCL and IOCL for commissioning and maintenance of retail fuel outlets on jointly agreed terms and conditions. In the initial stage, RTC projected to commission 92 fuel outlets, which will be completed in the Greater Hyderabad, Hyderabad and Karimnagar zones by service providers designated through open tenders.

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Already, fuel outlets have been presented at Janagaon, Birkoor and Bichkunda and TSRTC is gearing up to operate more such facilities. Among 92 fuel outlets, 45 would come up at Karimnagar Zone, 41 in Hyderabad Zone and 6 in Greater Hyderabad Zone. An official stated, “Once 92 fuel outlets are opened, we would realise a profit of around Rs 27 crore per month, which would help stabilise our financial status. Required NOCs need to be obtained for 39 outlets which are pending at different stages at government, and once these outlets are commenced by RTC itself, the total expected revenue would be Rs 83.58 lakh per month.” 

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According to TSRTC officials, the corporation will produce a straight profit of Rs 2.5 lakh to Rs 3 lakh per month from every petrol outlet towards license fee and dealer margin. For the performance of fuel outlets, the corporation appointed zone wise service providers through open tenders for three zones. The service provider of Karimnagar Zone has opted for premature termination of the agreement after operating certain fuel outlets for a period of one year.

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