In an official statement, it was announced that L&T will divest their complete stake in Phase-1 metro to the State government Published on :

Hyderabad: In a most unexpected move, the Telangana State government will now be the owner of the Metro Rail Project in Hyderabad, which is deemed to be one of the biggest and costliest private-run projects in the city.

The possible takeover of the ownership from L&T Metro Rail Hyderabad Limited (L&TMRHL) is intended to hasten the Government of India’s (GoI) approval of Phase-2 of the metro development.

In an official statement, it was announced that L&T will divest their complete stake in Phase-1 metro to the State government. This makes the State Government the sole entity of Metro Phase-1.

With this move, the Telangana government is set to tak

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