ETV Bharat / state

Hyderabad Metro Rail To Come Under State Control: Telanagana Government Agrees To Take Over L&T's Stake

The move follows prolonged negotiations between Telangana Chief Minister A. Revanth Reddy and L&T Chairman S.N. Subramanian

Hyderabad: In a landmark decision, the Telangana government has decided to take over the Hyderabad Metro Rail from L&T, bringing the first phase of the project under state control. The move follows prolonged negotiations between Telangana Chief Minister A. Revanth Reddy and L&T Chairman S.N. Subramanian, who met in Hyderabad on Thursday, along with senior government and company officials.

After days of deliberations, a consensus was reached for the government to assume responsibility for the ₹13,000 crore debt taken by L&T from banks

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