The Telangana government has formally approved the acquisition of the 100% equity stake held by Larsen & Toubro (L&T) in L&T Metro Rail (Hyderabad) Limited (L&TMRH), paving the way for Phase-I of the Hyderabad Metro Rail (HMR), spanning 69.2 km, to become a fully State-owned entity, through an official order issued on Friday. The government has also cleared a major debt refinancing package through the Indian Railway Finance Corporation (IRFC) to ensure the financial stability of metro operations, approving a purchase consideration of ₹15,000 crore for acquiring L&T’s equity in L&TMRH. This will be funded through an IRFC loan of ₹13,615 crore, equivalent to the outstanding debt as of April 30, 2026. Published – April 24, 2026 08:07 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation An impressive field of runners gear up for TCS World 10K Bengaluru Yaduveer inspects facilities at Cheluvamba Hospital