Hyderabad Metro Rail Project Acquisition by Telangana Government
Sector: Mass Transit • Location: Hyderabad, Telangana, India
Source: Hindustan Times
The Telangana government has fully acquired the Hyderabad metro rail project from Larsen and Toubro (L&T) by purchasing 100% equity shares of L&T Metro Rail (Hyderabad) Limited (LTMRHL) for ₹1,461.47 crore. The acquisition aims to improve operations and coordinate better between the existing Phase-I operations and the proposed Phase-II expansion. The existing debt of ₹13,538.53 crore on LTMRHL wil
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Status
Original status | completed |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | The Telangana government has fully acquired the Hyderabad metro rail project from Larsen and Toubro (L&T) by purchasing 100% equity shares of L&T Metro Rail (Hyderabad) Limited (LTMRHL) for ₹1,461.47 crore. The acquisition aims to improve operations and coordinate better between the existing Phase-I operations and the proposed Phase-II expansion. The existing debt of ₹13,538.53 crore on LTMRHL will be refinanced under the guarantee of the Telangana government. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Procurement method | Obfuscated Data |
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Location
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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