Hyderabad Metro is one of the largest Public-Private Partnership (PPP) metro rail projects in the world.

Hyderabad Metro is one of the largest Public-Private Partnership (PPP) metro rail projects in the world.
| Photo Credit: NAGARA GOPAL

Larsen & Toubro (L&T), which on Wednesday (April 29, 2026), signed an agreement with Telangana government enterprise Hyderabad Metro Rail (HMRL) to divest its entire stake in L&T Metro Rail (Hyderabad) (LTMRHL), said the divestment represents a value-driven monetisation of a mature infrastructure asset.

The move is aligned with L&T’s broader strategy of exiting the development projects portfolio and unlocking capital for redeployment in its core engineering and technology-led businesses, it said on Thursday (April 30, 2026).


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