HYDERABAD: Once fully operationalised, RTC will earn `20 crore per annum through profit sharing and land rental.The cash-strapped Telangana State Road Transport Corporation, which is exploiting various sources to generate additional revenue, has decided to operationalise at least ten new petrol pumps across the State by the end of this year. The target, however, is to set up 115 petrol pumps by mid-2018. Officials of the corporation have taken up a feasibility study and identified 115 TSRTC vacant lands where the petrol pumps can be set up. The Corporation would lease out land and get rental revenue from the parties which run the pumps.
The TSRTC recently acquired No Objection Certificate for about ten outlets in various parts of the State including a pump in Khushaiguda, Rajendra Nagar and each one in Mahbubnagar and Sangareddy from District Collectors concerned. The Corporation-run-bunks were till now catered only to TSRTC buses’ requirements in depots.
It was September last when the Corporation signed an agreement with Hindustan Petroleum Corporation Limited to establish 52 retail fuel outlets on TSRTC vacant lands in the State. The rest 63 would be outlets of Indian Oil Corporation Limited. “Out of 52 fuel stations, 12 stations will be established in Hyderabad, Rangareddy and Medchal districts in various locations including each one in Mehdipatnam, Uppal, Charminar, Secunderabad and Yacharam, four in Sanath Nagar and three fuel stations in Rangareddy, said G.V. Ramana Rao, Managing Director TSRTC, adding that the corporation had already started a petrol pump in Hakimpet. If things go according to plans, all the 115 outlets of HPCL and IOCL would be operational by mid-next year, he said.
“We are leasing out our lands for 30 years to HPCL to set up the fuel outlets and would generate additional revenue of `10 crore per annum,” he said adding that the move comes in the wake of generating more non-traffic revenue. We are leasing out 1,000 sq. yards open land and the corporation had many such unused lands which are suitable for commercial projects, “the idea is to make the best use of the vast land available at bus stations and depots. The move would fetch corporation lease rent, besides dealers commission on every litre of fuel sold,” he said. The construction cost to set up the fuel outlets would be borne by HPCL and IOCL.