+
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

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

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?