The daily passenger count of the metro has declined from its peak of 550,000 in November 2023 to 480,000 now
L&T is also working to identify the right time to announce revised tariffs for its Hyderabad metro projects in a bid to improve the viability of the project and make it more attractive for potential buyers, Raman said.
The user, who goes by the handle “Prudent-Action 3511”, took to Reddit to share her heartwarming experience. Her post went viral online and divided social media users. While some people found the gesture wholesome and heartwarming, others thought that the woman was breaking the rules by eating aboard a metro.
The company has made significant progress in divesting three of its non-core businesses, one of which is the loss-making L&T Metro Rail (Hyderabad).
The Telangana government, itself facing a severe financial crunch, may not be able to oblige. Will L&T, the promotors of the project, try to invoke the force majeure clause in the concession agreement and claim compensation for the revenue lost due to the lockdown?
Protestors came out in huge numbers, questioning the quality of the construction work, given the metro station became operational only in November 2017.
The ministry has cited an increase in the fares on the already-operating network for its refusal to release the additional funds.
Twenty four metro stations would be opened today as part of the 30 km stretch.
During inspection of station facilities by Telangana Governor ESL Narasimhan, Rao and other senior officials last week, HMR Managing Director NVS Reddy had said large scale public space creation and high quality street level facilities were being developed at Miyapur in particular and at all the 24 Metro stations in the inaugural 30 km stretch of the first phase of the the 72-km elevated Hyderabad Metro Rail (HMR) project.
The ongoing 72-km elevated Hyderabad Metro Rail (HMR) project, has achieved 75% overall progress, its managing director NVS Reddy said. “2016 has been an eventful year for the Hyderabad Metro Rail project. Several long-pending R
According to a release from Hyderabad Metro Rail Ltd (HMRL), tenders have been floated for road restoration work, in various stretches that were badly damaged due to the recent heavy rains in the city. R
The safety certification trials of the 12-km Miyapur-SR Nagar stretch of Hyderabad Metro Rail (HMR) project will be conducted soon, a top official said. “We have completed 58 kms of the metro‘s foundations, 56 R
Stressing on development of infrastructure to boost growth, Union Minister Bandaru Dattatreya favoured early completion of Hyderabad Metro project and also improving the MMTS rail services in the city
L&T Hyderabad Metro Rail, a subsidiary of Larsen & Toubro which is implementing the Rs 16,000-crore elevated metro rail project here, today said the work is expected to be delayed by almost 18 months.
In an interview with CNBC-TV18, Sanjeev Zarbade, Analyst at Kotak Securities citing his expectations from L&T's Q4 numbers said, "The company has announced an order intake of close to Rs 3,500 to Rs 4,000 in Q4 while normal run rate for the company has been around 13,000 crore. So, the order intake for the Q4 can be substantially lower."