GMR Group will make investments Rs. 500 crores for Hyderabad Metro Venture


Hyderabad Metro
Photograph Copyrights: Hyderabad Metro


HYDERABAD, INDIA (Metro Rail Information): The GMR Group, which manages Rajiv Gandhi Worldwide Airport (RGIA), will make investments over Rs. 5 hundred crores within the Rs. 5,000 crores Metro Rail Hyperlink venture proposed by the Telangana authorities for airport connectivity from varied components of the town. Hyderabad Worldwide Airport Financial Regulatory Authority

GMR Hyderabad Worldwide Airport Restricted has submitted its tariff revision to the Airport Financial Regulatory Authority for its third management interval from (April 2021 to March 2026). Accordingly, GMR will make investments Rs. 519.52 crore within the metro venture by 2024. The estimated value of your complete Metro Rail venture is round Rs. 5 thousand (5000) crores out of which 10%, i.e., Rs. 500 crores will probably be bear by GMR Hyderabad Worldwide Airport Restricted. The session paper acknowledged that that is equal to the estimated value of metro connectivity on the total airport. As well as, the Telangana authorities has authorised the extension of the Metro rail hyperlink to RGIA from varied components of the town underneath the second section of the Hyderabad Metro venture.

The state authorities has already made a particular association for this. Accordingly, Hyderabad Airport Metro Restricted (HAML) is accountable for the event, development, operation and upkeep of the Airport Metro Hyperlink. The entire size of the deliberate airport metro hyperlink is about 31 KM. The plan addresses organising three metro stations on the RGIA campus and growing an eight-kilometre alignment.

However, there are indications that L&T will promote its stake within the Hyderabad Metro Rail venture as a result of corona issues. As well as, L&T introduced that it was promoting non-key property, stated officers.

NABA Core Property in Uttarakhand plans to promote 1400 MW (MW) NABA Thermal Energy Venture. Sen stated this in an announcement launched regarding the sale of L&T’s 99 MW hydropower venture to Renew Energy. L&T has a 90 per cent stake within the Hyderabad Metro, a public-private partnership, whereas the Telangana authorities owns 10 per cent. The listing launched to this extent consists of particulars of Hyderabad Metro in addition to different property.

The burden on L&T has elevated as a result of money owed alongside as a result of pandemic. The estimated value of the Metro venture is Rs. 16,571 crores. On account of varied causes, the estimate has reached Rs. 18,971 crores. Nevertheless, the whole quantity collected via money owed was Rs. 13,500 crores. Consequently, it suffered losses of Rs. 383 crores in 2019-20. 12,166 crores in 2020 21 alone, stated officers.

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