Indian Railways earns over Rs 2500 Crore through scrap sale till September

Indian Railways has earned over 2500 crore rupees through scrap sale in the first six months of this financial year, adding that it has earned over 28 percent higher as compared to the same period of last financial year.

“Through this sale, Indian Railways has earned total Rs 2582 Crore till September 2022 compared to Rs 2003 Cr. during the same period of last FY 2021-22 which is 28.91% higher,” the Ministry of Railways said in a statement.

The Ministry said, the target for earnings through sale of scraps has been fixed at 4400 crore rupees for 2022-23.

It said, Railways is making all out efforts to optimally utilize resources by mobilising scrap materials and sale through e-auction.

According to the railway ministry, ferrous scrap of 3,93,421 MT was disposed in 2022-23 as compared to 3,60,732 MT in 2021-22.

“Also 1751 Nos. of wagons, 1421 Nos. of coaches and 97 Nos. of locos were disposed in 2022-23 as compared to 1835 Nos. of wagons, 954 Nos. of coaches and 77 Nos. of locos in 2021-22 upto Sept.2022,” the statement reads.

Indian Railways makes all-out efforts to optimally utilize resources by mobilizing scrap materials and sale through e-auction, the ministry said.

According to the ministry, the generation and sales of unserviceable/scrap railway material is an ongoing process and is monitored at the highest level in Zonal Railways and in Railway Board.

In construction projects, scrap is normally generated in Gauge Conversion projects. Released Permanent Way items being offered for scrap are not reusable on track. These are disposed off in accordance with the Codal provisions of Railways, it said.

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