Transport Company of India (SCI) on Saturday reported a 77.42 per cent bounce in its consolidated web revenue to Rs 152.16 crore for the fourth quarter ended March 2022.

The state-owned firm had clocked a consolidated revenue of Rs 85.76 crore in the identical quarter of 2020-21, it mentioned in a regulatory submitting.

Its complete consolidated revenue rose to Rs 1,364.62 crore through the quarter underneath evaluation in opposition to Rs 900.73 crore within the year-ago interval.

Complete bills additionally elevated to Rs 1,223.76 crore through the quarter in comparison with Rs 838.57 crore a 12 months in the past.

For the FY22, the corporate reported a consolidated revenue of Rs 865.22 crore. It had recorded a revenue of Rs 696.9 crore in 2020-21.

In March final 12 months, the federal government obtained a number of bids for the privatisation of the Transport Company of India. The Division of Funding and Public Asset Administration (DIPAM) in December 2020 invited expressions of curiosity (EoI) for strategic disinvestment of its complete stake of 63.75 per cent within the agency, together with the switch of administration.

The Cupboard, in November 2020, had given in-principle approval for the strategic divestment of Transport Corp. The privatisation of SCI is now prone to be accomplished within the present fiscal. The federal government has budgeted to garner Rs 65,000 crore from CPSE disinvestment in 2022-23.

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