Maharashtra Corporation
0.39
0.00(0.00%)
Market Cap₹24.20 Cr
PE Ratio-19.50
Company Performance:
1D0.00%
1M+18.18%
6M-18.75%
1Y-35.00%
5Y-15.22%
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More news about Maharashtra Corporation
01Aug 25
MSRTC Ventures into Retail Fuel Business to Address Rs 10,324 Crore Losses
Maharashtra State Road Transport Corporation (MSRTC) is diversifying into retail fuel sales, partnering with major oil PSUs like Indian Oil, Bharat Petroleum, and Hindustan Petroleum. This move aims to address MSRTC's financial challenges, including accumulated losses of Rs 10,324.00 crore. MSRTC plans to leverage its experience from operating 251 fuel stations for its bus fleet to create 'Petro-Motel Hubs' combining fuel sales with retail facilities. Despite operating over 15,000 buses and serving 55 lakh daily commuters, MSRTC has only been profitable in eight of the last 45 fiscal years.
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1 Year Returns:-35.00%
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