HYDERABAD (Metro Rail News): Hyderabad Metro Rail most affected during the COVID-19 crisis, which suffered a loss of revenue amounting to Rs 90 cr in a span of 2 months as almost Rs 45 cr each month.
As per the latest financial audit report published of L&T Metro Rail in May, while the last financial yr the company made a revenue of Rs 590 cr individually from Metro operation.
NVS Reddy, Managing Director of Hyderabad Metro Rail Ltd said that we have forwarded recommendations from our side to the Central govt. However, we cannot go ahead until the Centre gives us approval. Earlier this yr, Reddy announced that L&T was paying close to Rs 1,300 crin interest each yr.
The metro is also acquiring expenditure with the maintenance pay runs throughout the lockdown. The project cost has enhanced up to Rs 21,000 cr.