‘Evaluation of PSUs is based on financial performance and it is reviewed by govt.’
Konkan Railway Corporation Ltd. (KRCL) has justified the cancellation of Yeshwantpur-Karwar-Yeshwantpur Tri-weekly day train between Mangaluru Junction and Karwar stating that the service was running under huge loss.
Responding to Kumta-Honnavar MLA Dinakar K. Shetty’s letter seeking immediate restoration of the cancelled service, KRCL Chairman and Managing Director Sanjay Gupta said, “Government of India expects all PSUs to be profitable. Performance evaluation of PSUs is based on the financial performance and this is reviewed by the Government. Furthermore, Government of Karnataka has invested in Konkan Railway and its representative on our Board of Directors expects return from their investment.”
Mr. Gupta said that the tri-weekly day train was restarted in April after the COVID-19 first wave. Between April 12 and May 4, nine services were operated in each direction and the overall…