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L&T Metro Rail (Hyderabad) Limited

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Type
PPP concessionaire — exited 2026
Market · Region
India · Telangana
Open tenders
0
Technology areas
Digital operations, Predictive maintenance

India's largest metro PPP concessionaire; exited via sale to state in April 2026.

About this buyer

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Design-build-finance-operate-transfer concessionaire (awarded September 2010, 35-year concession) of the 69 km, ₹22,148 cr Phase I — India's largest metro PPP; exited via sale to the state in April 2026.

Type
PPP concessionaire — exited 2026
Where
Telangana · Hyderabad
Technology areas
Digital operations, Predictive maintenance

Structure

  • owned by HMRL — 90% acquired (agreement 29 April 2026; operations from 1 May 2026) (active · since 2026-05-01)
  • owned by L&T — Original PPP concessionaire and owner of L&T Metro Rail (Hyderabad) until the 2026 sale to HMRL (ended)
Sources for these relationships (10)
  • ○ Business Standard · IRFC refinances ₹13,527 cr Hyderabad Metro debt after L&T exit (published 2026-05 · checked 2026-08-20)
  • ○ Deccan Herald · L&T exits Hyderabad Metro; Telangana government takes full control (90% stake, ₹1,461.47 cr, ₹13,538 cr debt) (published 2026-05 · checked 2026-08-20)
  • ○ ETV Bharat · Hyderabad Metro formal takeover by April 30 — ≈₹1,385 cr approved for mobilisation through HMDA as project equity (published 2026-04-24 · checked 2026-08-20)
  • ○ ETV Bharat · Hyderabad Metro signs ₹13,600 cr refinance pact with IRFC (2026-05-25) (published 2026-05-25 · checked 2026-08-20)
  • ○ The Federal · What is future of Hyderabad Metro as Telangana govt takes over — cumulative losses since inception crossed ₹6,600 cr (published 2025-09-27 · checked 2026-08-20)
  • ● HMRL (official) · Hyderabad Metro Plans 60 New Coaches (published 2026 · checked 2026-08-20)
  • ● HMRL (official) · Tenders — GC RfP for Phase II Corridors IV/V/VI/VIII (63 km), open 2026-08-12 to 2026-09-17 (published 2026-08 · checked 2026-08-20)
  • ○ Metro Rail Today · Telangana Govt approves ₹13,615 cr IRFC loan to take over Hyderabad Metro from L&T (published 2026 · checked 2026-08-20)
  • ● News on AIR (official broadcaster) · Telangana government to take over Hyderabad Metro Rail Phase I (published 2026 · checked 2026-08-20)
  • ○ The Week · Why L&T had to hand over Hyderabad Metro to Telangana government (published 2026-04-30 · checked 2026-08-20)

Withheld in the free surface

  • Procurement structure
  • Award history (3)
  • Entry path
  • Portals (0)

Full detail withheld: 4 fields. In the India edition · See a fully open example

4 sources · 1 primary
  • ○ The Week · Why L&T had to hand over Hyderabad Metro to Telangana government (published 2026-04-30 · checked 2026-08-20)
  • ○ Deccan Herald · L&T exits Hyderabad Metro; Telangana government takes full control (90% stake, ₹1,461.47 cr, ₹13,538 cr debt) (published 2026-05 · checked 2026-08-20)
  • ● News on AIR (official broadcaster) · Telangana government to take over Hyderabad Metro Rail Phase I (published 2026 · checked 2026-08-20)
  • ○ The Federal · What is future of Hyderabad Metro as Telangana govt takes over — cumulative losses since inception crossed ₹6,600 cr (published 2025-09-27 · checked 2026-08-20)

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