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

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.