Latest news with #L&TMetroRailHyderabad
The Hindu
23-07-2025
- 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.
Time of India
20-06-2025
- Entertainment
- Time of India
Hyderabad Metro strikes a chord with commuters as World Music Day fest begins; 250 artists, 7 stations, 4 days of music
Ameerpet metro station, one of the city's busiest transit points, transformed into a concert venue on Thursday as it hosted the launch of Metro Medley: World Music Day 2025. The event marked the start of a four-day musical celebration across Hyderabad's metro network, celebrating the themes of music, movement, and rhythm. Tired of too many ads? go ad free now Organised by L&T Metro Rail Hyderabad in collaboration with Goethe-Zentrum Hyderabad and Alliance Française, the festival will feature live performances at seven metro stations by over 250 musicians, culminating in a grand finale on June 24 at EXT, Film Nagar. The mood at Ameerpet was electric as commuters, tourists, students, and families gathered to enjoy the performances. 'Music in a metro connects people on the move,' said Amita Desai, executive director of the Goethe-Zentrum Hyderabad, drawing warm applause from the crowd. She further emphasised the festival's role in promoting connection and joy in daily lives. Desai and other guests highlighted the large number of participants— over 250 across Hyderabad—and praised the amount of talent in the city. The crowd was then treated to live performances, including a trumpet solo, a performance by singer-songwriter Priyanka Nath, and an interactive Djembe drum performance by Sai Kumar, where the audience enthusiastically joined in with handheld drums. Blending seamlessly with the commuter flow, the event allowed passersby to pause and participate, turning daily transit into a musical experience. With four days of performances in seven metro stations, the event aims to connect people through music.
The Hindu
26-04-2025
- Business
- The Hindu
Hyderabad metro rail ticket fares hike appears imminent
Hyderabad Metro Rail ticket fare hike seems to be inevitable with L&T Metro Rail Hyderabad (L&TMRH), the firm which has built and runs the public transport system getting ready to bit the bullet after dilly-dallying for the last two years. L&TMRH chief executive officer and managing director K.V.B. Reddy has confirmed the same but has not indicated the percentage of the hike being considered. 'The operations cost has increased by 160% over the years . Our cumulative loss of ₹6,598 crore and high interest rate for loans taken is killing us,' he said. Despite debt restructuring, the interest rate on loans taken for the project has climbed back to 7.5-8%. The Covid pandemic has also significantly impacted the financial viability of the project increasing the risk of becoming an NPA – non performing asset, though the parent company L&T has been pumping in around ₹1,000 crore annually for interest payments. The annual revenue of ₹1,400 crore from fares and real estate - monetised eight million of the permitted 18.5 million , is not sufficient, claimed Mr. Reddy and has pointed out that there has been no revision from the initial launch fares of ₹10-₹60 in the last seven-and-half years. The company is also armed with recommendation of the Centre appointed Fare Fixation Committee submitted in 2023. New train sets Moreover, L&TMRH also needs fresh funds urgently to purchase new train sets as the lease option from other metro systems like Nagpur did not work out. 'We are conscious of the demand for increasing services during peak hours, but we need money for the new trains. Notwithstanding financial constraints, we have finalised an indigenous metro rail coach manufacturer to purchase 10 train sets of three coaches each costing upto ₹400-₹450 crore in two phases. Talks are at an advanced stage and the initial tender is for five train seats,' said the MD. It will take at least 15 months from the date of signing for these to join the existing fleet of 57 train sets running across 69.2 km of three dense traffic corridors of the capital region. The possibility of the world's biggest public, private partnership metro rail project, where L&TMRH has infused about ₹21,000 crore, breaking even is only by 2033 carrying an estimated 7/7.5 lakh passengers a day, said Mr. Reddy. Daily passenger intake is now about 4.75 lakh a day during weekdays and 3.5 lakh during weekends in the three corridors (Red line: Miyapur to LB Nagar 29 km), Blue line: Nagole to Raidurg 29 km and Green line: JBS to MGBS 11 km). The MD insisted that the 57 current train sets - all being run during peak morning and evening hours - has space to take in more load and has urged passengers to follow certain rules like not crowding at doors, moving inside, keeping shoulder bags in front, etc.
