Public Enterprises Department

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Administrative Department : Municipal Administration and Urban Development

Website : http://hyderabadmetrorail.in/home.html

The company was incorporated on dt:14.5.2007 and obtained the Commencement of Business certificate on dt:18.5.2007. The company is incorporated to oversee the implementation of the Hyderabad Metro Rail project. As the project has not been grounded during the year, the company has not started the business/ commercial operations. Hence, the company has not prepared the Profit and Loss account and the entire expenditure is capitalized. For implementation of the project, Financial Bids were invited by the Government in July 2008. Of the five pre-qualified consortia, four consortia participated and the consortium comprising of M/s. Nava Bharat Ventures Ltd., M/s.Maytas Infra Ltd., M/s.Infrastructure Leasing & Financial Services Ltd., and M/s. Italian-Thai Development Public Company Ltd. filed the lowest bid and the same was accepted by the Government and accordingly issued orders vide G.O.Ms.No.557, MA&UD (H1) dept., dt:8.8.2008. The consortium incorporated a Special Purpose Vehicle under the name of M/s.Maytas Metro Ltd, to act as Concessionaire and executed Agreement with the Government on 19th September 2008.

Since M/s.Maytas Metro Ltd., the Concessionaire failed to furnish Performance Security and achieve the Financial Closure as per the provisions of the Concession Agreement by the stipulated time, Government vide G.O.Ms.No.430, MA&UD (H1) Dept., dt:7.7.2009 terminated the Agreement executed with M/s.Maytas Metro Ltd. and forfeited the Bid Security of Rs.60 crore and Bid offer amount of Rs. 11 crore paid by M/s.Maytas Metro Ltd. vide G.O.Rt.No.979, MA&UD (H1) Dept., dt:14.7.2009. Government of Andhra Pradesh (GoAP) issued orders to execute the Hyderabad Metro Rail project on Design, Build, Finance, Operate and Transfer (DBFOT) basis in ‘ppp’ mode through fresh pre-quotation of Bidders through Global tenders, duly following the latest RFQ guidelines of the Ministry of Finance, Government of India. GoAP further directed the Managing Director of your company (HMR) to take necessary action in the matters. Accordingly fresh bids have been invited from pre-qualification stage as per the guidelines prescribed by the Government of India.

Board of Directors


During the financial Year the following changes have taken place with regard to Board of Directors: Government of Andhra Pradesh nominated Dr.C.V.S.K.Sarma, IAS as Chairman in place of Sri S.P.Singh, IAS. Consequent on Government issuing orders transferring various officials Sri G.Sai Prasad, IAS was inducted as a Director in place of Sri Harish Kumar, IAS, Sri G.Asok Kumar, IAS in place of Dr.K.S.Jawahar Reddy,IAS, Dr.K.S.Jawahar Reddy, IAS in place of Sri Jayesh Ranjan, IAS and Sri M.T.Krishna Babu, IAS in place of Sri G.Asok Kumar, IAS.

Authorised and Paid-up Capital


The Authorized capital of the Company continued to be Rs.100 crore divided into 10,00,00,000 equity shares of Rs.10/- each. The subscribed and paid-up capital of Rs.56.59 lakh was subscribed and paid up by the Government of Andhra Pradesh.

Mission

“To create an efficient, safe, reliable, economical & world-class public transportation system in Hyderabad which will facilitate the city’s transformation as a competitive global city with high quality of life.”

Objectives

a) To engage in and/or to facilitate development and operation of mass transit systems;
b) To engage in the business of transport;
c) To commercially exploit and/or to facilitate exploitation of land, air space and other resources;
d) To undertake road capacity improvement works; and
e) To undertake transit oriented development (TOD) activities etc.

Key Contacts

Name Designation Phone No. Email ID
Sri Md. Ziauddin Chief General Manager +91-40-2338 8580 / 81

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1. Annual Report for the year

2007-2008

2008-2009

2009-2010

2010-2011