L&T Hyderabad Metro Rail Project
Sector: Mass Transit • Location: Hyderabad, Telangana, India
Source: PSU Watch
Larsen and Toubro Limited (L&T) has expressed its desire to offload its over 90 percent stake in the Hyderabad Metro Rail project to the state or central government through a new Special Purpose Vehicle (SPV) due to operational and accumulated losses. The project faced structural, financial, and regulatory challenges causing cost and time overruns. The metro was fully commissioned in February 2020
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | operational with financial distress |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Larsen and Toubro Limited (L&T) has expressed its desire to offload its over 90 percent stake in the Hyderabad Metro Rail project to the state or central government through a new Special Purpose Vehicle (SPV) due to operational and accumulated losses. The project faced structural, financial, and regulatory challenges causing cost and time overruns. The metro was fully commissioned in February 2020 but continues to face financial stress due to the COVID-19 pandemic and changes in ridership patterns. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
Region | Obfuscated |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |