L&T To Exit Hyd Metro Project: Implications On Urban Transport & Political Fallout

Infrastructure major Larsen & Toubro on Friday said that disinvestment of its stake in Hyderabad metro project will be completed by the end of current financial year. "We expect the divestment to get completed by the end of the current fiscal FY26," L&T said in a filing to BSE. The company said that Telangana government will take over the Hyderabad Metro SPV by refinancing the current debt and acquiring equity of L&T Metro Rail (Hyderabad) Ltd at the agreed values. An in-principle understanding has been reached between both parties on the same matter. NDTV's Uma Sudhir decodes the implication on urban transport, public and political fallout. Listen in.