Bhubaneswar: April 01:
East Coast Railway has disposed highest ever Scrap from its jurisdiction in the current financial year which is about 42.61% higher in value terms, than the target set by the Railway Board and created a record.
This is highest ever Scrap sale by East Coast Railway, by putting all out efforts in making the entire zone as Scrap free and environment friendly. Principal Chief Materials Manager Shri P. B. Ninawe appreciated and congratulated the entire team involved in Scrap Disposal System.
Before couple of days of the end of this financial year, East Coast Railway has earned more than Rupees 313.74 Crores revenue from Scrap disposal as against the target of Rupees 220 Crores fixed by Railway Board.
ECoR has also earned 14.72% more revenue from this as against earned in last fiscal. During last financial year, ECoR earned Rupees 273.49 Crore revenue from Scrap Disposal.
During this fiscal, ECoR has conducted 188 e-Auctions in its jurisdiction that includes all its Divisions at Waltair, Khurda Road, Sambalpur along with Mancheswar Carriage Repair Workshop and sending materials to Rail Wheel Factory (RWF) for recycle and convert into other materials.
The remarkable revenue generated due to proper planning and coordination. During the period, i.e. from 1st April 2021 to 31st March’2022; Rupees 112.27 Crores generated from Waltair Division, 95.64 Crores from Khurda Road Division, 39.47 Crores from Sambalpur Division, 31.59 Crores from General Stores Depot, Mancheswar and Rupees 34.77 Crores from other places.
Scrap is generated in any industrial activity involving machinery, tools and other assets. After completion of the life of these assets, these are to be replaced for better performance and safety. Scrap should be disposed of timely so that it can be recycled to convert it into other usable forms. This also helps in making environment cleaner and hygienic.
East Coast Railway has taken proactive steps for timely scrap disposal. Activity of Scrap Disposal is being done through through e-Auction which is completely online at ECoR.
Materials Management Department of East Coast Railway is doing e-Auction through its dedicated IREPS (Indian Railways E-Procurement System) portal since 2013, which is a transparent process for disposal of scrap material and this gives equal opportunity to all the bidders in a transparent manner, free from any manual intervention. More than 4000 vendors are already registered in the portal.
In the process of e-Auction, lots are published online on IREPS platform and bidders are allowed to bid online. If the highest bid received, is higher than the pre fixed Reserve Price then the bid is accepted by the system and the lot is declared as sold to the participant. The complete process is online, without any manual intervention.
