Thiruvananthapuram, Sept. 13 -- The Kerala State Road Transport Corporation (KSRTC) has registered a profit of Rs 1.57 crore after a gap of 40 years, marking a historic turnaround for the debt-ridden corporation.
On September 8, KSRTC earned a record single-day ticket revenue of Rs 10.19 crore by operating 4,607 buses, the highest in the corporation's history.
The achievement comes despite the state government spending nearly Rs 10,000 crore on KSRTC over the past nine years to sustain operations and modernisation.
Transport Minister K. B. Ganesh Kumar attributed the milestone to revenue from KSRTC's driving schools, the induction of fuel-efficient buses and better utilisation of services.
He said the government has sanctioned Rs 108 cr...