UPSBC registers five-fold improve in revenue since 2017

Lucknow: The Uttar Pradesh State Bridge Company Restricted (UPSBC), a subsidiary of the general public works division (PWD), had registered a fivefold improve in earnings and a threefold development in turnover throughout the previous six and half years, stated a state authorities spokesperson on Sunday.

The turnover of the company was ₹1013.74 crores in 2017-18, and this yr it was anticipated to be greater than ₹2800 crores (Pic for illustration)

The division has deliberate to assemble a flyover in Arjunganj and an below cross at Awadh crossing in Alambagh space within the state capital.

The UPSBC had constructed 370 bridges up to now six and a half years. These included 253 river bridges, 107 ROBs and 10 flyovers. As a result of building of those bridges, the turnover of the division had elevated thrice up to now six and a half years. The turnover of the company was ₹1013.74 crores in 2017-18, and this yr it was anticipated to be greater than ₹2800 crores, whereas final yr it was ₹1,946 crores. Equally, the dividend of the company had additionally elevated 5 occasions up to now six and a half years, the spokesperson stated.

Whereas the company’s dividend in 2017-18 was ₹24.92 crore, in 2022-23 it earned a file revenue of ₹119.63 crore. In the meantime, the company had set a goal of constructing 52 river bridges and 45 ROBs within the present monetary yr. Progress towards these targets was evident, because the company had already accomplished building on 15 river bridges and 15 ROBs. Development of 37 river bridges and 30 ROBs was in full swing, he stated.

The UPSBC will assemble an elevated flyover primarily based on the precast segmental field system from Arjunganj to Mari Mata Temple within the state capital, connecting to Shaheed Path. The division goals to finish the development of this 2.10 km elevated flyover in 18 months. The venture additionally contains the development of an underpass beneath the Shaheed Path.

Moreover, the company will assemble an underpass utilizing pushing know-how to do away with the jam on the busy Awadh crossing the place the metro line passes overhead. The division has additionally been entrusted with the duty of creating playground, parking, meals stall, park, bathroom, facade and commercial place below the self-sustaining upkeep mannequin within the viaduct plan close to the below building railway over-bridge in Ayodhya.