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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..