Hyderabad Metro: Hyderabad Metro Rail has become a key part of the city’s daily journey, but financially severe losses. HMRL (HMRL), run by L&T (L&T), has recorded a loss of Rs 625 crore as interim reports of the fiscal year 2024-25. Metro train has been hitting up to Rs 6,598 crore since 2017.
Hyderabad Metro Faces Huge Financial Losses
During the Covid-19 pandemic, the metro services have been halted for nearly a year, the decrease in the number of passengers, and the decline in ticket income have been hit. It took almost two years to completely recovery after Kovid. This gap has had a profound impact on metro income.
High interest rates on the huge loans taken for the Metro project and monthly payments are burdened with the company. Last year, the company had to adjust some of the assets of mortged assets. Income from advertisements and ticket sales is not enough.
There are reports that ticket prices are likely to increase. According to financial experts, the Metro will not be able to get out of this crisis unless the government or L&T get assistance. It is said that a special plan is needed for the recovery of the metro in the future.