Maharashtra Transport Minister and Maharashtra State Road Transport Corporation (MSRTC) Chairman Pratap Sarnaik on Monday said that the 'loss-making' ST will see a financial turnaround in the next 4 years, officials said.

According to an official statement, Sarnaik assured that efforts will be made to bring the MSRTC or ST into profit within the next four years.

While presenting the corporation’s financial white paper, Sarnaik said, “In the last 45 years, ST was in profit for only eight years. ST is Maharashtra’s 'people’s transport' and provides daily transport services to nearly 90 per cent of the state’s population. Around 55 lakh passengers travel safely each day. Strengthening ST financially is the need of the hour.”