Telangana to keep metro moving

03 Dec 2020 CW Staff

Sources have hinted that instead of it being a PPP project if the state government completely takes over the project, the functioning of the services would be efficient.

It also projects a cumulative loss amounting to Rs 12,000 crore over the next 10 to 12 years and almost equivalent to the capital cost of the project, a combined cash gap snowballing to Rs 18,000 crore over the corresponding period and a loss of Rs 1,900 crore in the FY 2020-21 which are the highlighted key conclusions of expected financial stress in the coming years.

The letter added that unless the Telangana government steps in and provides the best possible financial support through a combination of measures (sic), it would become impossible to continue operations under such circumstances.

According to L&TMRHL’s 2019-20 annual report, while its total revenues stood at Rs 1,370 crore the company had suffered a net loss of Rs 382 crore in the last fiscal. Till the resumption of services, L&T had incurred a loss of Rs 300 crore a month during the lockdown period.

On 28 May 2020, L&T wrote to chief secretary Somesh Kumar about the severe financial stress in the letter accessed by the media from government sources.

An official spokesperson of L&TMRHL said that HMR operations were suspended for 169 days due to Covid-19. This situation caused severe financial loss to their business, even though it was inevitable. Presently, the company’s prime focus is to continue operations to keep their passengers safe and healthy by adhering to safety norms directed by the government. However, the company has requested help from the government and financial institutions to overcome the enormous financial burden on them. With all related stakeholders, L&TMRHL are exploring different options.

Source: The Times Of India

The Telangana government is seeking to extend metro rail services from Raidurg to Rajiv Gandhi International Airport at Shamshabad. Still, there is no definite clarity on the financial viability of the project. Operating the Hyderabad Metro Rail (HMR), L&T Metro Rail (Hyderabad) Limited (L&TMRHL) has written to the Telangana government but has yet to get any assistance from the state about the severe financial stress amid the lockdown.Sources have hinted that instead of it being a PPP project if the state government completely takes over the project, the functioning of the services would be efficient. It also projects a cumulative loss amounting to Rs 12,000 crore over the next 10 to 12 years and almost equivalent to the capital cost of the project, a combined cash gap snowballing to Rs 18,000 crore over the corresponding period and a loss of Rs 1,900 crore in the FY 2020-21 which are the highlighted key conclusions of expected financial stress in the coming years. The letter added that unless the Telangana government steps in and provides the best possible financial support through a combination of measures (sic), it would become impossible to continue operations under such circumstances. According to L&TMRHL’s 2019-20 annual report, while its total revenues stood at Rs 1,370 crore the company had suffered a net loss of Rs 382 crore in the last fiscal. Till the resumption of services, L&T had incurred a loss of Rs 300 crore a month during the lockdown period. On 28 May 2020, L&T wrote to chief secretary Somesh Kumar about the severe financial stress in the letter accessed by the media from government sources. An official spokesperson of L&TMRHL said that HMR operations were suspended for 169 days due to Covid-19. This situation caused severe financial loss to their business, even though it was inevitable. Presently, the company’s prime focus is to continue operations to keep their passengers safe and healthy by adhering to safety norms directed by the government. However, the company has requested help from the government and financial institutions to overcome the enormous financial burden on them. With all related stakeholders, L&TMRHL are exploring different options. Source: The Times Of India

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Infrastructure Urban

12 May 2026

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

Infrastructure Urban

12 May 2026

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..