Hyderabad Metro Rail incurred a loss of Rs 1,745.85 crore in the financial year 2021-22. This is slightly less than the previous year. Hyderabad Metro Rail, run by L&T, incurred a loss of Rs 1,766.75 crore in 2020-21. In 2021-22, the revenue from tickets, non-ticket and other sources was Rs 357.15 crore, compared to Rs 227.95 crore in the previous fiscal.
In its annual report, the company said that the revenue was severely affected due to the restrictions imposed by the government due to Covid-19. There were huge losses due to the decrease in the number of passengers and lack of sufficient income for the malls operated by the company. In these circumstances, the company has decided to focus on increasing the number of passengers. Also, in order to reduce the travel time, the Metro Rail Safety Commissioner has given permission to increase the train speed in all the corridors from 70 kmph to 80 kmph.
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The number of passengers has decreased significantly and people are not coming to shopping malls as well. So, what measures should be taken to increase the commuter traffic, as well as attract people who live in the surrounding areas without requiring to depend only on commuters at shopping malls? The main reason for decline in people at various shopping malls, is mostly due to unavailabity of goods that they need. Due to high monthly rentals, many business outlets are not keen to operating from the metro station or affilliated malls. Hence, the monthly rents in metro stations should be reduced significantly. Only then, the number of outlets will increase in metro stations like Miyapur, JNTU, Ameerpet, Panjagutta, LB Nagar, Kukatpally etc.
