Latest news with #HyderabadMetroRail
The Hindu
a day ago
- Business
- The Hindu
L&T Metro Rail Hyderabad records 25% growth in ridership; revenue drops by 21%
L&T Metro Rail Hyderabad (L&TMRH) — which has built and runs the phase one of the Hyderabad Metro Rail (HMR) for 69.2 km — has recorded the highest ever [daily] ridership of 5.63 lakh with more than five lakh ridership for about 70 days during the year (2024-25), recording a growth rate of 25% over the previous year (2023-24). Yet, it has declared a 21% decrease in revenue - which is ₹1,108.54 crore in the financial year of 2024-25 up to March 31st [2025] as against revenue earned of ₹1,399.31 crore in the previous financial year of 2023-24. The annual loss too has increased by 13% or ₹625.88 crore, which is up from ₹555.04 crore loss registered in the previous financial year. ₹627 crore through fare collection The company earned ₹627.11 crore in revenue from fare collection through the metro rail system and (₹485.55 crore) from Transit Oriented Development (TOD) assets, advertising, retail activities at stations, rentals of optic fibre cables, right of way for telecom towers, etc. The annual report of the company for the year (2024-25) has stated that the next level upgrade of its ticketing system or Open-loop Ticketing System (OTS) will be introduced in the current financial year of 2025-26 to enhance commuter convenience by aiding digital payments. 50 crore passenger journeys The report, finalised at the annual general body meeting held recently, stated that about 50 crore passenger journeys have been commemorated since its inception with the operating ratio ranking one of the best amongst all metros in India due to control over operating costs and optimum utilization of rolling stock. The Ministry of Housing & Urban Affairs (MoHUA) accredited 'I-Metro' , which publishes a comparison of Key Performance Indicators (KPIs) every year, has ranked L&TMRH as the the top performer for 2024-25. The Periodic Overhauling (POH) for 14 of the 57 seats trains was completed during the year and is in progress for remaining trains. 12% energy requirements met with solar power L&TMRH has replaced 12% of its grid power requirements for metro operations with captive solar power of 11.0 Mwp and solar panels were installed over the rooftop of stations and in the depot areas. Another 1 MWp of solar capacity is expected to be commissioned during this financial year. About 155 rainwater harvesting pits were constructed at various stations and depots to harvest about 60 million litres of water per year. The aim is to attain 'Carbon Neutrality' by 2040 and 'Water Neutrality' by 2035. Worth of assets The gross fixed assets comprising of property, plant and equipment, investment property and including assets under development was at ₹17,355.19 crore and the net fixed assets at ₹15,620.46 crore.
The Hindu
2 days ago
- Politics
- The Hindu
Centre urged to sanction funds for Hyderabad Metro Rail Phase-II
Bhongir MP Chamala Kiran Kumar Reddy raised the issue of Hyderabad Metro Rail phase-II in Lok Sabha, under rule 377, and demanded sanction for the project, citing how smaller cities than Hyderabad could get second phase of metro rail, while Hyderabad is being ignored. He mentioned that the Government of India (Gol) sanctioned metro rail projects as Joint Venture (JV) projects, and they are under construction in more than 20 cities, and most of these cities are much smaller than Hyderabad. These cities include Agra, Bhopal, Bhubaneswar, Indore, Kanpur, Kochi, Lucknow, Meerut, Nagpur, Patna, Pune, Surat, Trivandrum among others. He said, in 2010, Hyderabad Metro was the second largest network, next to New Delhi, but is presently in the 9th place due to negligence of the previous BRS government. Citing this, he requested the Minister of Housing and Urban Affairs to consider and sanction the second phase. The Phase I of the Hyderabad Metro Rail, covering 3 corridors (69 km) was constructed by the Congress government with ₹22,000 crore. The Telangana government submitted the Hyderabad Metro Rail phase-ll expansion proposal covering five corridors (76.4 km) as a JV project of the Government of India and the Telangana government at an estimated cost of ₹24,269 crore, Mr. Reddy said.
Time of India
3 days ago
- Politics
- Time of India
Telangana's Congress MPs to raise Hyderabad Metro Rail expansion & BC quota issues in Parliament
HYDERABAD: Congress MPs from Telangana will raise the issue of Hyderabad Metro Rail expansion project in the monsoon session of Parliament starting Monday. They were given a PowerPoint presentation on Saturday on the proposed new routes, how it would benefit poor students among other sections of society, and that the detailed project reports (DPRs) were already submitted to the central govt. Hyderabad Metro Rail MD NVS Reddy gave the presentation, which was also attended by BJP MPs Eatala Rajender, Konda Vishweshwar Reddy, and M Raghunandan Rao. The presentation was given following directions from chief minister A Revanth Reddy, so that the MPs from the state would have all information about the project when the issue comes up for discussion in Parliament. Besides seeking central funding and cabinet approvals for the Metro rail expansion project, the Congress MPs from the state would also seek cabinet approval and funding for the Regional Ring Road (RRR), a dedicated corridor from the dry port in Telangana to the sea port at Rajahmundry in Andhra Pradesh. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Discuss other key projects Congress MP from Bhongir Chamala Kiran Kumar Reddy told TOI that in addition to the Metro rail, RRR, and dedicated corridor, other projects like Musi rejuvenation and inclusion of enhanced BC reservations in the IX Schedule of the Constitution were crucial. "Chief minister A Revanth Reddy is expected to come to Delhi soon. He will meet AICC president Mallikarjun Kharge and Rahul Gandhi and seek their support to raise these issues. The CM will also meet INDIA bloc MPs, their party presidents, and other like-minded parties and seek support for BC reservations inclusion in the IX schedule. There is a likelihood of the CM addressing a meeting of INDIA bloc MPs at the Constitutional Club in Delhi," Bhongir MP said. The Congress MPs said urbanisation would go up to 60% of Telangana if the RRR and dedicated corridor were developed. Industries and investments would also come. "We will raise the issues through question format during question hour, during zero hour, and under other rules of the Lok Sabha," Mahabubabad MP Balram Naik said.
The Hindu
28-06-2025
- Politics
- The Hindu
Telangana CM promises 3,000 electrical buses to Hyderabad in one year
Chief Minister A. Revanth Reddy alleged that the Central government was showing a discriminatory attitude towards Hyderabad, and sought to know why the Metro Rail Phase-II, Musi riverfront development project and the regional ring road are not being sanctioned. Speaking after inaugurating the third-level flyover over Gachibowli Junction connecting ORR and Kondapur on Saturday, Mr. Revanth Reddy said: 'Telangana had given eight MP seats to BJP, but got nothing in return. Even small cities are expanding their metro rail networks, but Hyderabad Metro Rail has slipped from second place to ninth, due to apathy of the Centre.' Mr. Revanth Reddy, showered praise on late Congress party leader P. Janardhan Reddy after whom the flyover was named. He said it was owing to Mr. Janardhan Reddy's efforts that the city has got drinking water from Krishna and Godavari rivers. He was always accessible to the people, and was a saviour for poor people. Speaking of the Kancha Gachibowli land issue which has reached the Supreme Court, he claimed that the controversy was raked up by BRS, using false propaganda. He exuded confidence that the government would be able to cross all the obstacles and develop the area, through establishment of new companies and creating five lakh jobs. Reaffirming his commitment to environment protection, Mr. Revanth Reddy said 3,000 electrical buses will be introduced to the city within the coming one year, and the diesel buses will be deployed outside the city. He also advised the autorickshaw owners to shift to CNG or electrical autos, and promised tax waivers for the electrical vehicles. He stressed the need to protect Hyderabad from becoming another Delhi. He reiterated his commitment to create Future City as the Net Zero city. He hinted at the possibility of Serilingampally being divided into four constituencies in the delimitation exercise due in 2029. Focussing his initiative to prevent encroachment of lakes and drains, through the establishment of Hyderabad Disaster Response & Asset Protection Agency (HYDRAA), Mr. Revanth Reddy commended movie actor Akkineni Nagarjuna as the 'real hero', as he admitted to the encroachment of Thammidikunta lake by the N-Convention and handed over two acres of the FTL land back to the government.
New Indian Express
18-06-2025
- Business
- New Indian Express
Telangana: Nod for Shamirpet, Medchal, RGIA -Future City Metro
HYDERABAD: The state government has accorded administrative sanction for Phase-II (B) of the Hyderabad Metro Rail project, covering three corridors with a total length of 86.1 km and an estimated cost of Rs 19,579 crore. This phase will be implemented as a 50:50 joint venture between the state and Union governments. The project will be executed by Hyderabad Airport Metro Limited (HAML). The three proposed corridors under Phase-II (B) are: Corridor IX from RGIA to Future City (Skills University), spanning 39.6 km; Corridor X from JBS to Medchal, covering 24.5 km; and Corridor XI from JBS to Shamirpet, measuring 22 km. The Metropolitan Area and Urban Development (MAUD) department issued the formal order on June 16. As per the Union government's policy guidelines for joint venture Metro projects, the funding pattern includes Rs 5,874 crore (30%) from the Telangana government, Rs 3,524 crore (18%) from the Union government, Rs 9,398 crore (48%) in the form of loans from agencies such as the Japan International Cooperation Agency (JICA), Asian Development Bank (ADB) and New Development Bank (NDB), and Rs 783 crore (4%) through the Public-Private Partnership (PPP) component.
