According to L&T, revenue from the metro operations has significantly dropped compared to previous years, leading to a net loss of ₹626 crore. The company clarified that under these conditions, it would not be able to participate in any further expansion of the metro network.

Industry experts point out that changing travel habits, the rise of work-from-home culture, and reduced commuter footfall have been key factors behind the decline in metro ridership. L&T emphasized that despite efforts to stabilize operations, the financial strain has become unsustainable, prompting the decision to exit. The development raises questions about the metro’s future expansion plans.

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