The Telangana government has regained complete control of the Hyderabad metro rail project, taking it over from Larsen and Toubro (L&T).
The state government signed a share purchase agreement with L&T and its subsidiary L&T Metro Rail (Hyderabad) Limited (LTMRHL) for the acquisition of 100% equity shares of LTMRHL at an equity value of ₹1,461.47 crores.
The Hyderabad Metro Rail Phase-I has been operational since November 2017, managed by L&T Metro Rail (Hyderabad) Limited, and spans approximately 69 kilometres across three corridors.
With the state government now taking full control, better coordination is expected between the existing Phase-I operations and the proposed Phase-II expansion.
