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The Hindu
The Hindu
National
SYED MOHAMMED

TSRTC leases 10 properties to HPCL fuel bunks

TSRTC HPCL VRS

In an effort to augment revenues, the Telangana State Road Transport Corporation (TSRTC) has decided to give on lease land parcels at 10 locations in the State to Hindustan Petroleum Corporation Limited (HPCL), which will set up retail fuel outlets.

Land parcels measuring between 607 square yards and 1,282 square yards in Asifabad, Mehdipatnam, Charla, Venkatpuram, Korutla, Kosgi, Thimmajipet, Morthad, Jakranpally, and Eturunagaram will be given on lease for a period of 30 years. The move comes after HPCL emerged as the successful bidder and was awarded the tender.

While the lease amount, which is different for different locations, will remain constant for the first three years, there will be an increase from the fourth year in slabs and corresponding to the year the lease is in force.

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