L&T Hyderabad Metro Rail Project
Sector: Power Transmission • Location: Hyderabad, Telangana, India
Source: Construction World
Larsen & Toubro Limited (L&T) intends to sell its stake exceeding 90% 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 has faced structural, financial, and regulatory challenges causing cost and time overruns, including property acquisition, right of way issues, changes in align
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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
Contact name | Obfuscated Data |
Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Larsen & Toubro Limited (L&T) intends to sell its stake exceeding 90% 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 has faced structural, financial, and regulatory challenges causing cost and time overruns, including property acquisition, right of way issues, changes in alignment, and utility shifting. The metro was fully commissioned in February 2020, but financial stress persists, worsened by 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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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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