Telangana govt forms committee to bail Hyderabad metro
RAILWAYS & METRO RAIL

Telangana govt forms committee to bail Hyderabad metro

The Telangana government has set up a high-level committee to bail out the Hyderabad metro rail, which saw major losses due to the Covid-19 pandemic.

The high-level committee will include members of the Municipal Administrator K T Rama Rao, Vemula Prashanth Reddy and other senior officials. The Chief Minister instructed the committee to submit its report on saving the Hyderabad Metro Rail from incurring losses as soon as possible.

Recently, a firm operating the Hyderabad Metro Rail, Larsen & Toubro (L&T), sought help from the Telangana state government to overcome the losses.

Some officials from L&T had discussed the financial losses of the metro rail, bank loans repayment, mounting interests and requested the state government to come to their rescue.

According to the annual report of L&T, the revenue generated from the operations and other income of the metro rail in the last financial year was Rs 228 crore, including both fare and non-fare revenue, compared to Rs 598.20 crore in FY20.

The Hyderabad metro rail incurred heavy losses of about Rs 1,767 crore in FY21 from the previous year's income of Rs 382 crore on account of disruptions in the operation of the metro rail because of low ridership and fall in real estate operations.

The Chief Minister of Telangana, Kalvakuntla Chandrashekar Rao, has assured the L&T that the state government will support the Hyderabad Metro Rail to get it back on the right pace.

Image Source


Also read: NIIF negotiates with L&T to invest Rs 4k cr in Hyderabad metro

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The Telangana government has set up a high-level committee to bail out the Hyderabad metro rail, which saw major losses due to the Covid-19 pandemic. The high-level committee will include members of the Municipal Administrator K T Rama Rao, Vemula Prashanth Reddy and other senior officials. The Chief Minister instructed the committee to submit its report on saving the Hyderabad Metro Rail from incurring losses as soon as possible. Recently, a firm operating the Hyderabad Metro Rail, Larsen & Toubro (L&T), sought help from the Telangana state government to overcome the losses. Some officials from L&T had discussed the financial losses of the metro rail, bank loans repayment, mounting interests and requested the state government to come to their rescue. According to the annual report of L&T, the revenue generated from the operations and other income of the metro rail in the last financial year was Rs 228 crore, including both fare and non-fare revenue, compared to Rs 598.20 crore in FY20. The Hyderabad metro rail incurred heavy losses of about Rs 1,767 crore in FY21 from the previous year's income of Rs 382 crore on account of disruptions in the operation of the metro rail because of low ridership and fall in real estate operations. The Chief Minister of Telangana, Kalvakuntla Chandrashekar Rao, has assured the L&T that the state government will support the Hyderabad Metro Rail to get it back on the right pace. Image Source Also read: NIIF negotiates with L&T to invest Rs 4k cr in Hyderabad metro

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000