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BMRCL to save Rs 1 crore monthly, no fare revision on the cards

Despite Karnataka Energy Regulatory Commission’s move on Monday to slash the energy tariff by `1 per unit clubbed with its removal of the Time of Day (ToD) tariff imposed on Bangalore Metro Rail Corporation Limited (BMRCL), its managing director Mahendra Jain has ruled out any revision in Metro fares. “The fares are fairly competitive now and there is no proposal to revise them as of now.”However, BMRCL now stands to save 18.36% on its monthly electricity bills. The energy bills now stand to be reduced to `4.51 crore per month from `5.52 crore. The ToD refers to the higher tariff per unit imposed on trains that are run during daytime.R M Dhoke, Director, Rolling Stock (Electrical)-cum-Operations and Maintenance (O&M), told The New Indian Ex.....

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