Friday, October 31, 2025
Vertex Public
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
No Result
View All Result
Morning News
No Result
View All Result
Home Business

Telangana to take over Hyderabad Metro Part 1, pay L&T ₹2,000 crore in exit deal

News Team by News Team
September 26, 2025
in Business
0
Telangana to take over Hyderabad Metro Part 1, pay L&T ₹2,000 crore in exit deal
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

READ ALSO

India to approve offers price $3.7b for Israeli protection missiles

‘If oil formed geopolitics, India’s UPI can…’: Nikhil Kamath simply dropped a daring take


The Telangana authorities has agreed to take over Part 1 of the Hyderabad Metro Rail mission, absorbing ₹13,000 crore in debt and paying ₹2,000 crore to Larsen & Toubro Ltd. because it pushes for central clearance on Part 2.

The choice, finalized after high-level talks between Chief Minister A. Revanth Reddy and L&T Chairman and MD S.N. Subrahmanyan on Thursday, marks a strategic transfer by the state to unblock progress on the long-stalled metro growth.

Part 1 of the metro, operated by L&T’s subsidiary L&T Metro Rail (Hyderabad) Ltd, has been a monetary pressure on the corporate. L&T’s web loss from the mission widened to ₹626 crore in FY25, whereas operational and different revenue dropped 21% to ₹1,109 crore, in accordance with its newest annual report.

With mounting losses and a scarcity of sustained state help, L&T had formally requested to exit the mission. As a part of the settlement, the Telangana authorities will assume the total debt load of Part 1 and settle L&T’s fairness stake with a one-time ₹2,000 crore payout.

Though Chief Minister Reddy urged L&T to stay concerned in Part 2, Subrahmanyan declined to take part as an fairness companion and refused to signal a definitive settlement on price and income sharing. The corporate cited main issues over seamless operations between the 2 phases and unresolved monetary constructions.

This transition now clears a path for the central authorities’s long-awaited approval of Part 2, although the absence of a personal companion could reshape the funding and execution mannequin.

L&T, in the meantime, reported a consolidated web revenue of ₹3,617 crore on income of ₹63,679 crore for the June quarter. Its inventory closed 0.8% decrease on the NSE at ₹3,644.40.

Tags: croreDealexitHyderabadMetroPayPhaseTelangana

Related Posts

India to approve offers price $3.7b for Israeli protection missiles
Business

India to approve offers price $3.7b for Israeli protection missiles

October 30, 2025
‘If oil formed geopolitics, India’s UPI can…’: Nikhil Kamath simply dropped a daring take
Business

‘If oil formed geopolitics, India’s UPI can…’: Nikhil Kamath simply dropped a daring take

October 30, 2025
Is Generac Holdings (GNRC) The Finest Small-Cap AI Knowledge Middle Inventory to Purchase Now?
Business

Is Generac Holdings (GNRC) The Finest Small-Cap AI Knowledge Middle Inventory to Purchase Now?

October 29, 2025
Akasa Air will have a look at IPO in subsequent 2-5 years, says CEO Vinay Dube
Business

Akasa Air will have a look at IPO in subsequent 2-5 years, says CEO Vinay Dube

October 29, 2025
Suno, in talks to boost $100m at a $2bn valuation, simply launched its most superior free AI music software but
Business

Suno, in talks to boost $100m at a $2bn valuation, simply launched its most superior free AI music software but

October 29, 2025
Israel launches strikes on Gaza after accusing Hamas of ceasefire violations
Business

Israel launches strikes on Gaza after accusing Hamas of ceasefire violations

October 28, 2025
Next Post
‘One Battle After One other’ Begins With $2.5M Thursday Previews

'One Battle After One other' Begins With $2.5M Thursday Previews

POPULAR NEWS

PETAKA GUNUNG GEDE 2025 horror movie MOVIES and MANIA

PETAKA GUNUNG GEDE 2025 horror movie MOVIES and MANIA

January 31, 2025
Here is why you should not use DeepSeek AI

Here is why you should not use DeepSeek AI

January 29, 2025
From the Oasis ‘dynamic pricing’ controversy to Spotify’s Eminem lawsuit victory… it’s MBW’s Weekly Spherical-Up

From the Oasis ‘dynamic pricing’ controversy to Spotify’s Eminem lawsuit victory… it’s MBW’s Weekly Spherical-Up

September 7, 2024
Mattel apologizes after ‘Depraved’ doll packing containers mistakenly hyperlink to porn web site – Nationwide

Mattel apologizes after ‘Depraved’ doll packing containers mistakenly hyperlink to porn web site – Nationwide

November 11, 2024
Finest Labor Day Offers (2024): TVs, AirPods Max, and Extra

Finest Labor Day Offers (2024): TVs, AirPods Max, and Extra

September 3, 2024
How “Study to Code” Backfired on a Complete Technology
Finance

How “Study to Code” Backfired on a Complete Technology

October 31, 2025
Twins formally tab Derek Shelton as supervisor
Sports

Twins formally tab Derek Shelton as supervisor

October 30, 2025
Kamala Harris Shares The place She Stands With Joe Biden At this time
Entertainment

Kamala Harris Shares The place She Stands With Joe Biden At this time

October 30, 2025
India to approve offers price $3.7b for Israeli protection missiles
Business

India to approve offers price $3.7b for Israeli protection missiles

October 30, 2025
What Are the Indicators of a Faux Wealthy Particular person?
Finance

What Are the Indicators of a Faux Wealthy Particular person?

October 30, 2025
Finest Chook Feeders With Cameras, Examined and Reviewed (2025)
Technology

Finest Chook Feeders With Cameras, Examined and Reviewed (2025)

October 30, 2025
Vertex Public

© 2025 Vertex Public LLC.

Navigate Site

  • About Us
  • Privacy Policy
  • Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology

© 2025 Vertex Public LLC.