L&T Hyderabad metro losses swell to Rs 916 crore in H1FY21

L&T Metro Rail (Hyderabad), a 100% subsidiary of L&T, built the Rs 18,000 crore project with a concession agreement with the state to operate it for 35 years. The project was delayed due to right-of-way issues and other approvals, leading to cost overruns. The revenue from the project has not matched initial projection and the performance has dragged the overall financial performance of the parent company.

from Transportation-Industry-Economic Times https://ift.tt/2GRYTSJ