L&t Hyderabad Metro

L&T may conclude divestment of its road assets by the end of FY23

Exit from Hyderabad Metro, Nabha Power may take 2-3 years, says CFO R Shankar Raman

Lockdown impact : L&T Hyderabad Metro Rail suffers Rs 916 cr loss during H1

: L&T Metro Rail (Hyderabad) suffered Rs 916 crore loss during the first six months of the current fiscal following a prolonged lockdown to contain coronavirus, the company that operates the elevated rail corridor here, has said in a disclosure. The total income from operations plunged to just Rs 60 crore during the period under discussion. "The operations of the company were suspended for significant part of the period in the current financial year due to lockdown imposed by Government on account of COVID 19. Hence the disclosure of the ratios is not applicable,"it said. Metrorailservices in the city were suspended in March last week as part of lockdown to contain the spread of coronavirus. The Centre as part of Unlock-4 allowed the services from September 7. It incurred Rs 383 crore loss during the last financial year. L&T in its latest annual report said it may invoke force majeure clause with Telangana Government seeking extension of the concession period ...

Covid-19 outbreak: Metro operators lose Rs 700 crore amid lockdown

DMRC to have the largest chunk of revenue loss estimated at Rs 700 cr

L&T plans to become asset light, reduce debt by Rs 30,000 crore

To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT

Ola ties up with L&T Hyderabad Metro Limited

BS ReporterHyderabad, 13 December: Indian cab hailing company Ola has announced a strategic partnership with L&T(Hyderabad) Metro Rail Limited to provide its integrated service, including Ola Money, to the metro rail passengers.The partnership will also enable on-ground integration as commuters will be able to book a cab with the assistance of Ola representatives stationed at Ola Kiosks within the station premises."The Hyderabad Metro project will add muscle to the city's transportation infrastructure and we are proud to lend our support by integrating our various services on-line as well as on-ground. Over the last year, we have been integrating our smart mobility solutions with public utilities like railway stations, airports and metro stations,"Ola director(alliances) Saurabh Mishra said.Ola has recently partnered with Rapid Metro Gurgaon, Bangalore Metro Rail Corporation Limited to equip key metro stations with dedicated Ola Kiosks. Earlier this year, Ola announced a similar ..