Government succumbs, L&T exits Metro Rail
26-09-2025
Exactly five days after Metro India prophesied about L &T’s plans to exit, the news of the infra-giant bowing out after over a decade has come true. Following detailed negotiations, it was agreed in principle that the Telangana government would take over Phase-1 of the Hyderabad Metro Rail project by absorbing LTMRHL’s debt of around Rs 13,000 crore and paying Rs 2,000 crore towards L&T’s equity stake as a one-time settlement. In total, the state will need nearly Rs 15,000 crore to complete this acquisition, effectively converting Phase-1 into a government-owned entity.