Dreaming Of Profit: Case Of Bangalore Metro Rail Corporation Limited

Raja Sekhar Mamillapalli, Hanumantha Rao Pusarla

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BMRCL has been struggling to perform as per projections made in the initial detailed project report. The situation has further worsened because of the COVID-19 pandemic and its post-impact on the overall economic level of activity. Ramana Rao, the consultant for infrastructure projects, was worried after reading a news article which deemed the project a white elephant. Various articles published in the newspaper also reported that BMRCL was incurring a loss of Rs 45 lakhs every day. The consultant worried about the sustainability of the project. He wanted new ideas and plans which could turn around these losses and convert them into profitable ones. He, however, does not have any immediate plans to execute and is therefore in a dilemma about how a project that was launched with so much fanfare could be made profitable. Because of COVID-19 pandemic, BMRCL’s financial situation, which although improving, had taken a significant hit. It looked like the corporation might need government assistance to cover its losses. The transport utility suffered a loss of Rs 170 crore, as a result of a decline in ridership as well as other revenue sources including parking fees and leasing revenues. This amounted to a daily loss of Rs 1 crore. The pressure on revenues was putting the officials in a tight spot about meeting the company’s debt obligations and market borrowings.

Subjek

PROFIT MANAGEMENT
 

Katalog

Dreaming Of Profit: Case Of Bangalore Metro Rail Corporation Limited
ISSN: 2045-0621
7p.: pdf file.; 56 KB
English

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Raja Sekhar Mamillapalli, Hanumantha Rao Pusarla
Perorangan
 
 

Penerbit

Emerald
New York
2024

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