Track Change: Telangana Set to Delay L&T Metro Takeover

The Telangana government is likely to extend the April 30, 2026 deadline for taking over the Hyderabad Metro Rail (HMR) from L&T Metro Rail Hyderabad, according to sources.

The extension is being considered as the government has yet to finalise the complex financial arrangements required for the transaction, while certain procedural formalities also remain pending.

In February, the State Cabinet approved the acquisition of a 100% equity stake in Phase-I of the metro project. The proposed takeover involves assuming existing debt of around ₹13,000 crore, along with payments related to L&T’s equity investment.

The deal includes key elements such as financial restructuring, transfer of assets and liabilities, and ensuring uninterrupted metro operations during and after the transition.

News by Rahul Yelligetti.