- By Aditya Jha
- Tue, 16 Sep 2025 10:08 PM (IST)
- Source:JND
Hyderabad Metro Update: Larsen and Toubro (L&T) has reportedly expressed its desire to exit the Hyderabad Metro Rail Project due to financial loss and operational challenges. In a letter to the Ministry of Housing and Urban Affairs and the Telangana government, the firm stated that it has suffered massive financial loss in the past few years. The firm has proposed to sell its equity to either the state or the central government. The letter has also unearthed the strained relationship between L&T and the state government, as the firm pointed out that it did not get financial assistance despite multiple requests.
"However, under these circumstances. We remain open to offer our equity stake in the existing metro network for purchase by the GoTG (government of Telangana) / Gol ( Government of India) through the new SPV and take over the Phase-l and its O&M together with Phase ll-A and Phase ll-B to attain the intended objective,” the letter stated, reported the Deccan Herald. Apart from this, Hyderabad Metro Rail Limited (HMRL) officials stated that the operation after expansion will be difficult as there will be two different fare prices.
"Phase I corner stations like Miyapur, LB Nagar, Raidurg, Nagole, and MGBS would become a part of phase II once the extension takes place. When that happens, it will become a challenge to effectively monitor operations, as there will be two different ticket prices and two different trains operating, one belonging to us and the other belonging to the state govt," one of the HMRL officials was quoted as saying by the Times of India.
In its letter, the firm also pointed out that it suffered massive financial loss during the COVID outbreak as the ridership significantly fell for several months. The Telangana government has not responded to the letter yet.