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NFR highest-ever scrap sale: Earned Rs 4573 crore

NFR
(NFR) exceeds its yearly target of earnings Image Source: Google

The Northeast Frontier Railways (NFR) has exceed its yearly target of earnings from sale of scrap items during the last financial year 2020-21.
According to the NFR sources, “Sale of scrap is done through e-auction. During this period, the NFR earned Rs 94.64 crore from scrap sale exceeding the target of Rs 75 crore by 26.33%.”

Meanwhile, Indian Railways has achieved highest-ever scrap sale in Financial Year 2020-21. Through this sale, the Indian Railways earned total Rs 4573 crore during 2020-21 as compared to Rs 4,333 crore during 2019-20 which is 5.5% higher.
In construction projects, scrap is normally generated in Gauge Conversion works. Permanent Way items released during track renewal works which are not reusable on track are offered for scrap.
Sources also mentioned that scrap is also generated through other replacement and renewal works; and condemnation of assets. These scraps are disposed off in accordance with the Codal provisions of Railways.

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Written by Headline8 Desk

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