Funding snag delays Hyderabad Metro takeover until December

By The Hindu Staff

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Funding snag delays Hyderabad Metro takeover until December — Photo credit: The Hindu

Larsen & Toubro continues to run commercial services of HMR phase one of 69.2 km across the three corridors of Red, Blue and Green lines with its allied partners. | Photo Credit: NAGARA GOPAL

The Telangana government and Larsen & Toubro (L&T) have decided to extend the deadline for completing the transfer of ownership of the 69.2-km Hyderabad Metro Rail (HMR) Phase-I project by another three months, pushing it to December 31, 2026.

This is the third extension granted for finalising the Share Purchase Agreement (SPA) since the State government formally announced its decision in May to acquire 100% equity in L&T Metro Rail Hyderabad (L&TMRH) from L&T. The takeover involves a negotiated equity payment of ₹1,462 crore and the assumption of nearly ₹13,560 crore in debt, which was expected to be serviced through a financial institution.

Originally published by The Hindu on Oct 6, 2026 Read the full article at thehindu.com

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