Telangana govt to acquire L&T's stake in Hyderabad metro project
Telangana government has finalised an agreement with the L&T (Larsen and Toubro) group to acquire L&T's stake in Phase 1 of the Hyderabad Metro Rail project. The Telangana government will take over the project's current debt of around ₹13,000 crore and provide about ₹2,000 crore for L&T's equity investment. This aims to clear the way for Hyderabad Metro Phase 2.