Himachal Road Transport Corporation Earns Record Revenue in August 2024
Himachal Road Transport Corporation (HRTC) has achieved a significant milestone by earning Rs 70 crores in August 2024. This marks a 37.5% increase from the Rs 51 crores earned in August 2023 and is also higher than the Rs 58 crores earned in August 2022.
Reasons for Revenue Increase
Rohan Chand Thakur, Managing Director of HRTC, attributed this impressive growth to several factors:
- Day-to-day monitoring of revenue targets
- Regular reviews
- Route rationalization
- Efforts to maintain operations despite severe monsoon disruptions
In the first five months of fiscal 2024-25 (April-August), HRTC has earned Rs 48 crores more compared to the same period in 2023.
Impact of Increased Revenue
With the increased revenue, HRTC has been able to:
- Make timely payments to suppliers of spare parts and diesel
- Meet salary obligations
The new ticket management and inventory management systems have also contributed significantly to passenger ease and cost management. Thakur expressed hope that HRTC revenues could increase by as much as Rs 80 crores above last year, marking a significant achievement.
Asia’s Longest Bus Route
Among its various routes, HRTC operates Asia’s longest bus route from District Lahaul Spiti Keylong Depot Leh to Delhi. The route covers a total distance of 1072 km and takes approximately 35-36 hours, passing through:
- Keylong
- Atal Tunnel
- Rohtang
- Manali
- Kullu
- Mandi
- Bilaspur
- Chandigarh
- Leh
- Delhi
Doubts Revealed
Himachal Road Transport Corporation (HRTC) -: HRTC is a government-run bus service in the Indian state of Himachal Pradesh. It helps people travel within the state and to nearby areas.
Revenue -: Revenue is the money a company earns from its business activities. In this case, HRTC earned Rs 70 crores from selling bus tickets and other services.
Rs 70 crores -: Rs 70 crores is a way to say 700 million rupees. It’s a large amount of money.
37.5% increase -: This means that HRTC earned 37.5% more money in August 2024 compared to August 2023. If they earned Rs 100 last year, they earned Rs 137.5 this year.
Managing Director Rohan Chand Thakur -: Rohan Chand Thakur is the person in charge of HRTC. He makes important decisions to help the company run better.
Route rationalization -: This means planning bus routes in a smarter way to save time and money. It helps buses run more efficiently.
Monsoon disruptions -: Monsoon disruptions are problems caused by heavy rains during the monsoon season. These can make it hard for buses to run on time.
Fiscal 2024-25 -: Fiscal 2024-25 is the financial year from April 2024 to March 2025. Companies use this period to plan and report their earnings.
Ticket and inventory management systems -: These are computer systems that help HRTC sell tickets and keep track of their buses and parts. They make it easier for passengers to buy tickets and help HRTC manage costs better.
