Telangana to Take Over Hyderabad Metro Phase 1 From L&T

03 Oct 2025 CW Team

The Telangana government has agreed in principle to take over Hyderabad Metro Rail Phase 1 from L&T Metro Rail Hyderabad (L&TMRH), marking the end of the PPP model for the project.

As part of the one-time settlement, the government will pay Rs 2.1 billion to L&T towards its equity investment and assume about Rs 130 billion in debt, according to an official statement on Thursday. The agreement follows discussions between Chief Minister A. Revanth Reddy and L&T Chairman and MD S. N. Subrahmanyan, along with senior officials, to resolve outstanding issues and pave the way for Phase 2 of the metro project.

Initially, the Chief Minister had invited L&T to join the second phase as an equity partner, but the company declined, citing operational and financial concerns. L&T also refused to sign an integration pact between Phase 1 and Phase 2, instead offering to divest its entire stake and convert Phase 1 into a state-owned entity.

Following detailed negotiations on financials, asset valuation and debt restructuring, both parties reached a settlement to expedite Centre’s approval for Phase 2, which proposes 163 km of new lines under Phases 2A and 2B. The Centre had earlier sought clarity on integration, raising concerns over Phase 1 being privately operated while Phase 2 was state-led.

The Supplementary Concession Agreement signed on 22 July 2022 had committed the government to repay Rs 2.1 billion of an earlier Rs 3 billion interest-free loan. With this settlement, the takeover will proceed in a phased manner, ensuring statutory and legal compliance.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..