SCR achieves record Rs 501.72 cr scrap revenue in ‘Mission Zero Scrap’
The zone has exceeded the Railway Board's target of ₹430 crore for the financial year, achieving higher revenue compared to the previous year. SCR has been at the forefront of resource optimization by boosting scrap sales and conducting e-auctions through the Indian Railways E-Procurement System (IREPS) portal.
Hyderabad: South Central Railway accomplished a significant achievement in the ‘Mission Zero Scrap’ by registering Rs. 501.72 crore which is the highest ever revenue through sale of scrap during the financial year 2024-25.
The zone has surpassed the target set by Railway Board i.e.,Rs. 430 crore for the financial year and has recorded an increase in revenue as compared to the previous financial year.
SCR has been spearheading in optimal utilization of resources by mobilising scrap sales and undertaking sales through e-auction conducted online through Indian Railways E-Procurement System (IREPS) portal.
Railway officials said the e-auction process has improved the transparency and competitive bidding amongst the Bidders across India and has ensured paperless transaction. This has further cut down the erstwhile middlemen who existed during the manual auctions. E-auctions have improved participation and reduced grievances of purchasers drastically.
Arun Kumar Jain, General Manager, SCR stated that the e-auction process had a transformative impact in enhancing transparency and streamlining business operations.
