Nod for KSRTC fleet expansion

The KSRTC is to use its units across the State for body building work to save money, as has been done in the past.

October 21, 2014 10:39 am | Updated May 23, 2016 04:49 pm IST - THIRUVANANTHAPURAM:

The State-owned Kerala State Road Transport Corporation (KSRTC) is to purchase 1,350 chassis as part of its fleet augmentation programme and post executive directors and Financial Advisor and Chief Accounts Officer (FA&CAO) on deputation.

The director board of the KSRTC, chaired by Chairman and Managing Director Antony Chacko, in Kochi on Monday gave the nod for procuring the chassis in the ratio of 80:10:10 from three leading firms. The transport utility will need around Rs.350 crore for the fleet augmentation programme, which is aimed at replacing old buses.

The money is to be sourced from Plan funds and loan from Housing and Urban Development Corporation Ltd. (HUDCO).

The KSRTC is to use its units across the State for body building work to save money, as has been done in the past.

The director board also gave its approval to post Executive Director (Operations), Executive Director (Vigilance), and FA&COA on deputation.

The Accounts Officer, on deputation from the Textiles Corporation and holding the charge of FA & COA, has been made General Manager of the KSRTC.

The first director board meeting of the Kerala Urban Road Transport Corporation (KURTC), the subsidiary set up under the KSRTC to operate buses to be procured under the Jawaharlal Nehru National Urban Renewal Mission, was also held after the board meeting of the KSRTC.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.