Is T’gana’s Mahalakshmi scheme pushing Hyderabad Metro into red?

L&T Metro has been reporting losses for FYs 2022-2023, 2022-2021, and 2021-2020. The Mahalakshmi scheme was launched in December 2023.

BySouth First Desk

Published Jul 09, 2024 | 4:15 PMUpdatedJul 09, 2024 | 4:15 PM

L&T says Telangana government's Mahalakshmi scheme has been affecting its revenue. (iStock)

The Hyderabad Metro Rail Project ran into a controversy with the operator, L&T finding it unfeasible to continue the operation after the state government rolled out the Mahalakshmi Scheme. During an LS poll campaign, PM Narendra Modi, too, hinted that the scheme had impacted the Metro. State Transport Minister Ponnam Prabhakar, on 18 May, said no scheme was adversely affecting the Metro.

Read the full story here