Latest news with #KochiMetro
Time of India
09-08-2025
- Business
- Time of India
Kochi to host national urban transport summit next month
Kochi: City will host National Urban Transport and Infrastructure Summit on Sept 18. The summit is being organized jointly by Kochi Metro and APAC media. Green urban transport and net-zero transit pathways, multi-modal mobility and last-mile connectivity, public-private partnership in urban infrastructure, sustainable water based transit and blue mobility, financing sustainable transit systems, transit-oriented developement and urban planning, transport safety, efficiency and passenger experience and gender sensitive mobility solutions would be the major themes to be discussed. Knowlege sessions, seminars and exhibitions will be held. Around 40 expert speakers will be part of various sessions. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
09-08-2025
- Business
- Time of India
Rs 20cr Ernakulam KSRTC terminal work to begin soon: Minister
Kochi: Transport minister K B Ganesh Kumar said construction work of the new KSRTC terminal in the city, utilizing Rs 15 crore state govt fund and Rs 5 crore financial assistance by Kochi Metro , would begin soon. He was speaking after inaugurating regional office building of state water transport department (SWTD) at Ernakulam Boat Jetty on Saturday. The minister said official procedures prior to starting the work on KSRTC terminal building have been completed and Kochi Metro has agreed to provide financial assistance. He also mentioned that transport sector will witness significant changes in the coming days and digitization will be implemented across all areas of KSRTC division. SWTD's new office building was designed to provide seamless services to public and improved facilities for department employees. The total cost was Rs 16 crore. The new building will undoubtedly enhance speed and efficiency of administrative and coordination activities in state water transport sector. Additionally, it will serve as crucial support for city's comprehensive transport development plans, said the minister. The event was presided over by T J Vinod, MLA. Hibi Eden, MP, and mayor M Anilkumar were the chief guests. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
New Indian Express
08-08-2025
- Business
- New Indian Express
Kochi Metro posts record Rs 33.34 crore operating profit in 2024-25, third straight year in surplus
KOCHI: Kochi Metro Rail Ltd (KMRL) has reported a substantial increase in its operating profit for financial year 2024-25, marking the third consecutive year of achieving an operating surplus. Kochi Metro registered an operating profit of Rs 33.34 crore, which was up a notable Rs 10.4 crore from the previous year. This highlights a remarkable turnaround since the initial years of operation. In 2017-18, when Kochi Metro commenced services, the company reported an operating loss of Rs 24.19 crore. While the loss narrowed to Rs 5.70 crore in 2018-19, it widened to 13.92 crore in 2019-20 and further to Rs 56.56 crore in 2020-21. The loss reduced to Rs 34.94 crore in 2021-22. A major breakthrough came in 2022-23, when KMRL transitioned to operating profit, posting a surplus of Rs 5.35 crore. This positive trajectory continued into 2023-24, with an operating profit of Rs 22.94 crore, and has now further strengthened in 2024-25. In financial year 2024-25, Kochi Metro generated an operating income of Rs 182.37 crore. Of this, Rs 111.88 crore came from ticket revenue, while Rs 55.41 crore was earned through non-ticket sources. In addition, KMRL earned Rs 1.56 crore from consultancy services and Rs 13.52 crore from other miscellaneous sources. The operating expense for the year stood at Rs 149.03 crore.
Time of India
07-08-2025
- Business
- Time of India
Kochi Metro records operating profit for third consecutive year
Kochi: With a steady increase in Metro ridership, Kochi Metro Rail Ltd (KMRL) recorded a major increase in its operating profit for 2024-25 financial year, marking the third consecutive year of achieving an operating surplus. According to KMRL data, Kochi Metro registered an operating profit of Rs 33.34 crore, which is a rise of Rs 10.4 crore over the previous year. Metro generated an operating income of Rs 182.37 crore in 2024-25 financial year. Of this, Rs 111.88 crore was generated as ticket revenue, while Rs 55.41 crore was non-ticket revenue. In addition, KMRL earned Rs 1.56 crore from consultancy services and Rs 13.52 crore from other miscellaneous sources. Operating expenses for the year stood at Rs 149.03 crore. As Metro recorded an operating loss of Rs 24.19 crore in 2017-18, the year Kochi Metro commenced services, increase in operating profit is considered a major achievement. It was in 2022-23 that KMRL first recorded an operating profit, registering a surplus of Rs 5.35 crore. KMRL says operating profit is calculated after excluding certain categories of capital and financing costs such as interest, depreciation and expenses related to non-motorized transport (NMT) infrastructure, including pavement constructions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo "This consistent financial progress reflects resilience and efficiency of Kochi Metro. We have not only improved operational performance but also enhanced passenger experience and diversified our revenue streams. Our goal is to build a financially sustainable, commuter-friendly Metro system that Kochi can be proud of," said KMRL MD Loknath Behera. It is observed that a steady increase in ridership after Covid-19 pandemic period helped Kochi Metro increase operational revenue. When Metro services began in June 2017, average daily ridership was 59,894. However, it decreased to 32,603 within two months. Though daily ridership figure did not cross 40,000 in 2018, it crossed 60,000 between Oct and Dec 2019. During Covid period, Metro registered a sharp decline in ridership to below 6,000. Later, ridership slowly picked up during post-Covid period. Between Sept and Nov 2022, average number of passengers crossed 75,000, and it crossed 80,000 in Jan 2023. After that, there was a steady increase in daily ridership to around one lakh. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and s ilver prices in your area.
New Indian Express
05-08-2025
- Business
- New Indian Express
Kochi Metro's Pink Line 100 days behind schedule
KOCHI: The much-awaited Kochi Metro second phase project – involving an 11.2-km elevated line from JLN Stadium to Infopark via Kakkanad – has suffered a delay of nearly 100 days. At the same time, the Kochi Metro Rail Limited (KMRL) is confident of opening the first five stations on the new line for operations by June 30 next year. 'We're currently behind almost 100 days and have already told them (Afcons Infrastructure, which is implementing the civil construction work) to expedite work with more manpower and better planning,' KMRL managing director Loknath Behera told reporters on the sidelines of the launch of UPI-based ticket vending machines (TVMs). He said the other five stations are slated to be opened by December 31, 2026. 'Unexpected issues like utility shifting and pipeline work delayed the construction. We'll try our best to meet the target date,' he said. The delay in getting the loan (nearly Rs 914 crore) from the Asian Infrastructure Investment Bank is another reason. Despite the KMRL board approving the loan proposal, the state government has yet to give its nod.
