STOCK MARKET BSE NSE

COVID-19 impact: Ongole APSRTC suffers 80 per cent loss

The Andhra Pradesh State Road Transport Corporation (APSRTC), Ongole region is in the red due to low occupancy ratio ever since bus services resumed in the district after relaxation in lockdown.

Published: 24th June 2020 08:32 AM  |   Last Updated: 24th June 2020 08:32 AM   |  A+A-

APSRTC buses

APSRTC buses (File Photo |EPS)

By Express News Service

ONGOLE: The Andhra Pradesh State Road Transport Corporation (APSRTC), Ongole region is in the red due to low occupancy ratio ever since bus services resumed in the district after relaxation in lockdown.

According to official information, before coronavirus outbreak, with plying of 750 bus services per day from all eight depots in the district, APSRTC, Ongole region used to net a revenue of Rs 1 crore per day or Rs 30 crore per month, which has currently reduced to Rs 18 lakh, approximately 80 per cent loss.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp