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News Entry# 552483
May 16 (19:56) L&T Considers Exiting Hyderabad Metro Project Due to Financial Losses from Free Bus Rides
Entry# 6066028   
  Past Edits
This is a new feature showing past edits to this News Post.
LT considers exit amid free rides L&T optimistic about Hyderabad Metro ridership post IT Sector return India's L&T Forecasts Lower Revenue Growth L&T Bags Bengaluru Metro Contracts Mumbai Metro Pre-Trial Reaches Dadar Metro Expansion on Hold Due to Fundin

Larsen & Toubro (L&T), a major infrastructure company, is considering leaving the Hyderabad Metro project because of financial losses caused by free bus rides offered alongside metro fares. This move could have serious consequences for the city's transportation system, including delays in construction, lower maintenance standards, and a decline in service...
more...
quality. L&T hopes that increased ridership from IT employees returning to offices after the pandemic will boost revenue. The company also anticipates challenges in maintaining growth in the upcoming fiscal year due to global economic uncertainties.

Larsen & Toubro (L&T), ek bada infrastructure company, Hyderabad Metro project se nikalne ka soch raha hai kyunki metro fare ke saath free bus rides dene se unka revenue bohot kam ho gaya hai. Isse city ke transport system pe bohot bura impact pad sakta hai, jaise construction mein delay, maintenance...
more...
standards kam hona, aur service quality mein girawat. L&T ko ummeed hai ki pandemic ke baad IT employees ke office vapas aane se ridership badhega aur revenue bhi. Company ko aage aane wale fiscal year mein growth maintain karne mein bhi mushkil aane ki umeed hai kyunki global economy unstable hai.
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