Hyderabad Metro Rail Phase I Government Takeover
Sector: Government • Location: Hyderabad, Telangana, India
Source: The Times of India
The state government of Telangana has issued formal orders to complete the takeover of Hyderabad Metro Rail Phase I from L&T Metro Rail Hyderabad. The Hyderabad Metro Rail Limited (HMRL) is authorized to acquire 100% equity stake of L&T in L&T Metro Rail Limited. The government has approved a debt of ₹13,615 crore with a 20-year repayment plan and an equity infusion of ₹1,385 crore to HMRL through
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Status
Original status | planned |
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Taiyo last update | 00-00-0000 |
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Description
Description | The state government of Telangana has issued formal orders to complete the takeover of Hyderabad Metro Rail Phase I from L&T Metro Rail Hyderabad. The Hyderabad Metro Rail Limited (HMRL) is authorized to acquire 100% equity stake of L&T in L&T Metro Rail Limited. The government has approved a debt of ₹13,615 crore with a 20-year repayment plan and an equity infusion of ₹1,385 crore to HMRL through HMDA. This move aims to bring the metro project fully under government control to streamline operations, strengthen financial oversight, and accelerate expansion plans. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source reliability | High |
Data quality score | 100% |
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