UPSBCL profit grows fivefold in 6.5 years

| | Lucknow
  • 0

UPSBCL profit grows fivefold in 6.5 years

Monday, 20 November 2023 | PNS | Lucknow

In a remarkable development, Uttar Pradesh State Bridge Corporation Limited (UPSBCL), subordinate to the Public Works Department, has earned a fivefold increase in profits and a threefold growth in turnover during the six-and-a-half-year tenure of the Yogi Adityanath government.

In the Yogi Adityanath government, UPSBCL has constructed 370 bridges in the last six-and-a-half years. These include 253 river bridges, 107 ROBs, and ten flyovers. Due to the construction of these bridges, the turnover of the department has increased three times in the last six-and-a-half years. The turnover of the corporation was Rs 1013.74 crores in 2017-18, and this year it is expected to be more than Rs 2,800 crore, while it was Rs 1,946 crore last year.

Similarly, the dividend of the corporation has also increased five times in the last six-and-a-half years.

The corporation’s dividend in the year 2017-18 was Rs 24.92 crore, while it earned a record profit of Rs 119.63 crore in the year 2022-23.

Meanwhile, the corporation has set a target of building 52 river bridges and 45 ROBs in the current financial year. Progress toward these goals is evident, as the corporation has already completed construction on 15 river bridges and 15 ROBs. Furthermore, construction efforts are in full swing for 37 river bridges and 30 ROBs.

UPSBCL is planning to construct an elevated flyover based on the precast segmental box system from Arjunganj to Mari Mata Temple in the capital, connecting to the Shaheed Path.

The department aims to complete the construction of this 2.10 km elevated flyover in 18 months. The project also includes the construction of an underpass beneath the Shaheed Path.

Additionally, the corporation is going to construct an underpass using pushing technology to get rid of the jam due to the presence of a metro rail line at the busy Awadh crossing. Apart from this, keeping in view the historical background of Ayodhya, the work of beautifying the playground, parking, food stall, park, toilet, facade, advertisement place, etc is being done as per the self-sustaining maintenance model in the viaduct part under the railway overbridge which is under construction in Ayodhya.

State Editions

Winter action plan for homeless begins

07 December 2023 | Staff Reporter | Delhi

Six people held with 48 kgs of marijuana

07 December 2023 | Staff Reporter | Delhi

Winter vacation in schools to begin from January 1

07 December 2023 | Staff Reporter | Delhi

Pensioners to protest, demand hike in pension

07 December 2023 | Staff Reporter | Delhi

NGT seeks compliance reports on rainwater harvesting

07 December 2023 | Staff Reporter | Delhi

Sunday Edition


03 December 2023 | Swarn Kumar Anand | Agenda

CLIMATE change and health

03 December 2023 | Archana Jyoti | Agenda

Having Sleep Troubles? Practise Sleep Hygiene!

03 December 2023 | Dr Rahul Jain | Agenda

Astroturf | Learn to live in togetherness

03 December 2023 | Bharat Bhushan Padmadeo | Agenda