Hit by Covid-19 pandemic, DMRC finds it hard to pay R-Infra dues

The transport major's net loss stood at Rs 541.05 crore in the financial year 2019-20, widening from a loss of Rs 462.23 crore in 2018-19.

The Covid-19 pandemic has made it harder for the Delhi Metro Rail Corporation (DMRC) to make good on the claims raised by Anil Ambani-led Reliance Infrastructure (R-Infra).

According to an email response to Business Standard, DMRC had incurred an operational loss of Rs 1,761.23 crore during the financial year 2020-21.

While DMRC has regularly been reporting a net loss after clearing the depreciation & amortisation expenses and finance costs, this is the first operational loss reported by DMRC in the last five years.

The transport major’s net loss stood at Rs 541.05 crore in the financial year 2019-20, widening from a loss of