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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement