Wed Apr 29 16:22:45 UTC 2026: # Telangana Government Acquires Hyderabad Metro Rail in ₹1,461.47 Crore Deal

The Story:
The Telangana government has officially announced the acquisition of 100% equity in L&T Metro Rail (Hyderabad) Limited (LTMRHL) from Larsen & Toubro Limited (L&T). The Share Purchase Agreement (SPA) was signed on Wednesday, April 29, 2026, with the equity value of the transaction set at ₹1,461.47 crore. The state government will also take over the responsibility of refinancing LTMRHL’s existing debt of ₹13,538.53 crore, which was previously guaranteed by L&T.

Key Points:

  • The Telangana government signed a Share Purchase Agreement (SPA) with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) on April 29, 2026.
  • The government is acquiring 100% equity in LTMRHL.
  • The equity value of the deal is ₹1,461.47 crore.
  • The debt of LTMRHL, amounting to ₹13,538.53 crore as of April 30, 2026, will be refinanced by the Telangana government.
  • The agreement was signed by Sarfaraz Ahmad (HMR), D.K. Sen (L&T), and K.V.B. Reddy (LTMRHL).

Key Takeaways:

  • The Telangana government is making a significant investment in public transportation infrastructure by acquiring full ownership of the Hyderabad Metro Rail.
  • The move suggests a strategic decision to have greater control over the metro rail operations and potentially integrate it further into the state’s overall transportation plan.
  • The government’s willingness to take on a substantial debt burden indicates confidence in the long-term viability and importance of the Hyderabad Metro Rail project.

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