Telangana to Take Over Hyderabad Metro Rail Phase-I
RAILWAYS & METRO RAIL

Telangana to Take Over Hyderabad Metro Rail Phase-I

The Telangana government has agreed in principle to take over Hyderabad Metro Rail Phase-I, currently under a public-private partnership. As part of a one-time settlement, the state will pay Rs 21 billion to L&T towards its equity investment and assume the project’s debt of around Rs 130 billion.
The decision follows discussions between Chief Minister A. Revanth Reddy and L&T Chairman & MD S.N. Subrahmanyan, aimed at resolving outstanding issues and facilitating the second phase of the metro, which awaits clearance from the Centre for a joint venture.

L&T had declined to participate in Phase-II due to concerns over seamless operations, revenue sharing, and cost mechanisms, instead offering to divest its entire Phase-I stake, effectively converting it into a state-owned entity. The takeover will be executed in a calibrated manner, ensuring compliance with all legal and statutory requirements, and includes detailed discussions on financials, asset valuation, and debt restructuring.

The Telangana government has agreed in principle to take over Hyderabad Metro Rail Phase-I, currently under a public-private partnership. As part of a one-time settlement, the state will pay Rs 21 billion to L&T towards its equity investment and assume the project’s debt of around Rs 130 billion.The decision follows discussions between Chief Minister A. Revanth Reddy and L&T Chairman & MD S.N. Subrahmanyan, aimed at resolving outstanding issues and facilitating the second phase of the metro, which awaits clearance from the Centre for a joint venture.L&T had declined to participate in Phase-II due to concerns over seamless operations, revenue sharing, and cost mechanisms, instead offering to divest its entire Phase-I stake, effectively converting it into a state-owned entity. The takeover will be executed in a calibrated manner, ensuring compliance with all legal and statutory requirements, and includes detailed discussions on financials, asset valuation, and debt restructuring.

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