The Telangana Government has set up a committee to make recommendations on how to bail out Hyderabad Metro Rail (HMR) which is facing losses as it remained shut for over a year and now has very low occupancy due to the Covid-19 pandemic.
In June, the HMR reported more than Rs 1,700 crore losses and on June 25, L&T CEO and MD S N Subramaniam met Chief Minister K Chandrashekar Rao and discussed the matter. The L&T representatives had requested the CM that due to Covid they are incurring the losses and the government should help them. On Tuesday, L&T officials again met the CM and sought help. The metro rail had resumed services on September 6 after remaining closed from March 25 last year.
