Telangana Government Offers L&T Two Options for Hyderabad Metro Phase-1

30 Sep 2025 CW Team

The Telangana government has proposed two solutions to L&T to resolve issues over integrating Hyderabad Metro Phase-2 with the existing network, following L&T’s objections.

The state has valued L&T’s Phase-1 equity at Rs 150 billion and offered two options: either put its stake up for sale in the open market, with the government ready to match the highest private bid, or transfer its Rs 130 billion loan to the state, which would pay the remaining Rs 2,000 crore. The proposal was forwarded to the Centre, which requested an MoU with L&T for network integration. L&T, citing ‘unreasonable issues,’ initially resisted and even threatened to exit operations, demanding the government take over Phase-1 for Rs 200 billion—a demand rejected by the Chief Minister.

L&T holds equity in Phase-1, covering 69 km across three corridors, and is a key operator. The state plans to expand Metro under Phase-2 as a joint venture with the Union government at a cost of Rs 240 billion, covering five corridors spanning 76.4 km. The expansion is expected to triple daily ridership from five lakh to 15 lakh, helping offset L&T’s current annual losses of Rs 6 billion.

Officials noted that prior delays in soft loan disbursements and underutilisation of allocated commercial land contributed to Phase-1 losses. The state now plans to raise Phase-2 loans with a sovereign guarantee at 4 per cent interest, reducing operational costs and increasing projected Metro revenues.

News source: The New Indian Express

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..