Telangana officials sign agreement with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) to take over Hyderabad Metro Rail Phase-I in Hyderabad on Wednesday (29 Apr 2026) | Photo credit: Special arrangement
The Telangana government on Wednesday (April 29, 2026) announced that it has signed a share purchase agreement (SPA) with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) for the acquisition of 100% equity in LTMRHL with an equity value of ₹ 1,461.47 crore.
The agreement was signed in the presence of Hyderabad Metro Rail (HMR) Chief Secretary and Chairman K. Ramakrishna Rao, Special Chief Secretary (MA&UD) Jayesh Ranjan, HMR CEO Sarfaraz Ahmad and senior management representatives from L&T and LTMRHL. The SPA was signed by Sarfaraz Ahmad for HMR, DK Sen for L&T and KVB Reddy, Managing Director of LTMRHL. LTMRHL’s debt of ₹ 13,538.53 crore as on April 30, which was earlier guaranteed by L&T, will now be refinanced with a guarantee issued by the state government.
Telangana officials sign agreement with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) to take over Hyderabad Metro Rail Phase-I in Hyderabad on Wednesday (29 Apr 2026) | Acknowledgments for the video: BY AGREEMENT
Published – 29 Apr 2026 21:44 IST
