Synopsis: The Telangana government will assume full ownership of Hyderabad Metro Rail’s phase I from L&T Metro Rail Hyderabad Ltd by taking over its ₹13,000 crore debt and paying ₹2,000 crore for equity. The agreement follows L&T’s decision to exit the project and its refusal to join phase II as a partner. In a statement, the government said final terms of the transfer will be settled through further consultations.

The Telangana government has decided to assume full ownership of Hyderabad Metro Rail’s phase I project from L&T Metro Rail Hyderabad Ltd (LTMRHL), taking over its debt and equity as part of an agreement reached in principle during discussions on Thursday, 25 September.

The metro, covering 69.1 kilometres with 57 stations across the Red, Blue and Green lines, is currently o

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