Press "Enter" to skip to content

L&T Hyderabad Metro Rail Suffers Rs 916 Crore Loss During First Six Months of Fiscal Amid Lockdown

For illustration

Metro rail providers within the metropolis have been suspended in March final week as a part of lockdown to include the unfold of coronavirus. The Centre as a part of Unlock-Four allowed the providers from September 7.

  • PTI
  • Last Updated: October 16, 2020, 19:43 IST
  • FOLLOW US ON:

L&T Metro Rail (Hyderabad) suffered Rs 916 crore loss throughout the first six months of the present fiscal following a chronic lockdown to include coronavirus, the corporate that operates the elevated rail hall right here, has stated in a disclosure. The whole revenue from operations plunged to simply Rs 60 crore throughout the interval beneath dialogue.

“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 stated.

Metro rail providers within the metropolis have been suspended in March final week as a part of lockdown to include the unfold of coronavirus. The Centre as a part of Unlock-Four allowed the providers from September 7.

It incurred Rs 383 crore loss over the last monetary yr. L&T in its newest annual report stated it could invoke pressure majeure clause with Telangana Government looking for extension of the concession interval equal to the time it couldn’t function because of lockdown..

.

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: