The effect of the coronavirus is evident on the Hyderabad metro as well.Many businesses were shut down with the lockdown imposed to curb the spread of the coronavirus in the state.
Similarly, the Telangana state govt stopped metro services in the state.Even after the lockdown was relaxed, the Hyderabad metro incurred thousands of crores of loss.TSRTC also faced the same situation.
Hyderabad Metro is in financial trouble with Corona Effect.Many are using their vehicles instead of boarding the metro train in the wake of the Covid outbreak.With this, the metro company incurred huge losses.
There is a loss of revenue for the Hyderabad metro.The number of passengers has been declining for over a year, and the state govt is not receiving expected revenue from the commercial space.
The burden of losses increased day by day.
In the wake of this, the metro L&T has reportedly decided to raise a total of Rs 13,600 crore by issuing a total of commercial and non-commercial debentures.At present, the Metro train is suffering a loss of Rs 1767 crore.Of this, the loss of Rs 382 crore is alone from the 2020 fiscal year.
