Despite achieving an impressive ridership of over 5.6 lakh daily passengers at peak last year and 63.5 crore commuters in seven years, Hyderabad Metro Rail has been recording consistent losses of late

Hyderabad: The Congress government’s decision to take over Hyderabad Metro Rail from L&T at a cost of Rs 2,000 crore in equity and an additional Rs 13,000 crore in debt has raised serious concerns over its financial prudence. At a time when the State exchequer is already under pressure from heavy borrowings and mounting welfare expenditure, the move risks pushing the exchequer further into stress.

Despite achieving an impressive ridership of over 5.6 lakh daily passengers at peak last year and 63.5 crore commuters in seven years, Hyderabad Metro Rail has been recording consistent losses of

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