L&T Hyderabad Metro Rail Project
Sector: Rail • Location: Hyderabad, Telangana, India
Source: Moneycontrol
Larsen and Toubro Limited (L&T) is seeking to exit its stake of over 90% in the Hyderabad Metro Rail project 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 financial stress continued due to the Covid-19 pandemic and changes in ridership patterns. L&T
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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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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Larsen and Toubro Limited (L&T) is seeking to exit its stake of over 90% in the Hyderabad Metro Rail project 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 financial stress continued due to the Covid-19 pandemic and changes in ridership patterns. L&T has offered to sell its equity stake to the Telangana or central government through a new Special Purpose Vehicle (SPV). |
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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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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