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Shares of Larsen and Toubro are higher by more than 3.5 percent on September 26, as investors welcomed the clarity on financials after Telangana government agreed to take over Phase-I of Hyderabad Metro project for a payment of Rs 2,000 crore along with taking over the debt worth Rs 13,000 crore, a report by news agency PTI said.

"After detailed negotiations, with an objective to expedite the phase 2 approval by GoI, it was agreed in principle that the State government would take over Phase-I Metro Rail project by taking over the debt of the project, which now stands at about Rs 13,000 cr. Further, the state government will pay about Rs 2,000 cr to L&T towards their eq

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