Tuesday, 27 August 2013

APSRTC on the verge of collapse

DC | 3 hours 31 min ago

Hyderabad: With the Seemandhra agitation haven taken the APSTRC by storm with a large number of employees remaining on strike, the corporation as such is in a breakdown mode.

Having suffered huge losses, the corporation is on the verge of collapse as officials indicate that the management is no longer trying to save the corporation but are giving up on future planning as well.

The corporation is reeling under Rs 4,000 crore on losses, another Rs 4,00 crore on loans.

States: Andhra Pradesh

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