Telangana Government To Acquire L&T's Hyderabad Metro Stake
The Telangana government and Larsen and Toubro group have reached an in-principle agreement for the state to acquire L&T's stake in the Hyderabad Metro Rail project.
The development, which follows a long-standing deadlock over expansion plans, aims to clear the way for the long-awaited Phase 2 of the Metro network. The agreement was reached on Thursday during a high-level meeting convened by Chief Minister Revanth Reddy with L&T Group Chairman and Managing Director SN Subrahmanyan.
