Is Chennai Metro Rail profitable?
Is Chennai Metro Rail profitable? The Chennai Metro Rail Limited (CMRL) is a government-owned company that operates the Chennai Metro in Chennai, India. The CMRL is currently not profitable, and has been incurring losses since it began operations in 2010. In the financial year 2019-20, the CMRL incurred a loss of Rs. 525 crore.
Which is the longest metro in India?
With a connectivity length of 390 km, the Delhi Metro is the longest metro network in the country. Namma Metro, also known as Bengaluru Metro, is the second longest operational metro network, with a total length of 68.6 km.
Is Chennai metro driverless?
The depot, likely to be spread over 15.3 hectares, will be used to service and maintain 26-three car driverless trains for the 26.1km corridor-4 from Lighthouse to Poonamallee Bypass. The 116.1km phase-2 is expected to open in stages from 2025 to 2028.
Is Delhi Metro losing or profit?
The Ministry of Housing and Urban Affairs also informed the Rajya Sabha earlier this month that all the operational Metro rail networks in the country are currently running in losses. The DMRC's annual report of 2021-2022 also reported a net loss of Rs 3808.63 crore.
Is Mumbai Metro running in profit?
Officials said the MMRDA had suffered losses of ?255 crore in 2022-23. The earnings from monorail operations in 2022-23, have been mere ?7.50 crore per annum though they expect it to touch ?13.64 crore in 2023-24 while expenditure is pegged at ?542 crore that includes the procurement of 10 new rakes.
Is Bangalore Metro profitable or loss?
For the first time since it began operations in 2011, the Bengaluru metro has achieved profit after interest. In 2022-23, Bangalore Metro Rail Corporation Limited (BMRCL) earned Rs 594.02 crore while its operating expenses stood at Rs 486.61 crore.
Why Chennai is called metro city?
The word metropolitan comes from the Latin word “municipium,” which means “free city.” A metropolitan area is defined under the Indian Constitution's 74th Amendment as an area with a population of ten lakh or one million or more people. Chennai, Delhi, Mumbai, and Kolkata are the four major cities in India.