India · State
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Telangana
5 buyers · 6 tenders · checked 2026-09-24
Hyderabad metro repossessed from L&T 2026, refinanced via IRFC; Phase II 162 km awaiting Union sanction; South Central Railway KAVACH pioneer.
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1Metro systems operating
1IR zones headquartered
1Rolling-stock factories
5Buyers tracked
6Tenders tracked
- Live pipeline
- ₹40,000–45,000 cr proposed Phase II programme (pre-sanction) + ₹1,000–1,500 cr sanctioned MMTS expansion; principal EPC awards yet to reach market
- Technology areas
- Digital operations, Predictive maintenance, Signalling & train control, Rolling-stock hardware, Cybersecurity, AI inspection, Track & civil, Electrification
Key figures
Hyderabad Metro Phase I69 km, 3 corridors, 57 stations (Phase I, fully elevated)
2 sources · 1 primary
- ● HMRL (official) · Massive Expansion of Hyderabad Metro Rail (Phase I facts, Phase II funding split, ridership) (published 2024-11 · checked 2026-08-20)
- ○ Wikipedia (cross-checked) · Hyderabad Metro (69 km, 57 stations, 3 lines; PPP history) (published 2026 · checked 2026-08-20)
Hyderabad Metro ridership (HMRL…≈4.5–5 lakh/day (2026); record 5.63 lakh (2024-08-14)
2 sources · 1 primary
- ● HMRL (official) · Massive Expansion of Hyderabad Metro Rail (Phase I facts, Phase II funding split, ridership) (published 2024-11 · 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)
Hyderabad Metro Phase II sancti…162.4 km proposed across 8 corridors; Part A ₹24,000–24,500 cr + Part B ₹19,500–20,000 cr; Union sanction pending as of 2026-08-20
3 sources · 2 primary
- ● HMRL (official) · Phase-II corridor listing (Part A and Part B) (published 2026 · checked 2026-08-20)
- ● News on AIR (official broadcaster) · Telangana Govt grants administrative sanction for Phase II (₹24,269 cr, 76.4 km) (published 2024-11-03 · checked 2026-08-20)
- ○ Metro Rail Today · HAML finalises DPR of ₹19,579 cr Hyderabad Metro Phase 2B (three corridors, 86.1 km) (published 2025 · checked 2026-08-20)
Buyers
| Buyer | Type | Tenders | Contracts awarded |
|---|---|---|---|
| Hyderabad Airport Metro Limited | State SPV | 3 | 0 |
| Hyderabad Metro Rail Limited | Metro corporation | 2 | 1 |
| South Central Railway (HQ Secunderabad) | IR zone | 1 | 0 |
| Kazipet Rail Manufacturing Unit | Rolling-stock OEM | 0 | 0 |
| L&T Metro Rail (Hyderabad) Limited | PPP concessionaire | 0 | 0 |
Tenders
| Tender | Buyer | Status | Value band | Next key date |
|---|---|---|---|---|
| General Consultant Phase II Corridors IV/V/VI/VIII 63 km | HMRL | Bids closed | value not published | |
| Phase II Part A 76.4 km 54 stations | HAML | Planned | ₹24,000–24,500 cr programme | |
| Phase II Part B three corridors 86.1 km | HAML | Planned | ₹19,500–20,000 cr programme | |
| 60 additional metro coaches BEML fourth-car order | HMRL | Planned | ₹1,000–1,500 cr (press estimate) | Announced 2026 |
| MMTS expansion six new lines 102.4 km | SCR | Planned | ₹1,000–1,500 cr | Sanctioned April 2025 |
| Old City corridor MGBS–Chandrayangutta 7.5 km 6 stations | HAML | Planned | ₹2,500–3,000 cr (project estimate) |
Cities
| City | Network status | Networks |
|---|---|---|
| Hyderabad | operational (69 km, state takeover 2026) + Phase II pre-construction | Hyderabad Metro (Red/Blue/Green lines, Phase I); MMTS (Hyderabad suburban, SCR-run) |
| Warangal (Kazipet) | no metro; IR rolling-stock manufacturing unit commissioning at Kazipet |
Players with a footprint here
| Player | Kind | Footprint |
|---|---|---|
| L&T | Civil contractor | Headquarters |
| Alstom | Rolling-stock OEM | Office |
| Medha | Signalling & systems | Headquarters |
| Kernex | Signalling & systems | Headquarters |
| LEA Associates | Engineering consultant | Headquarters |
| NCC | Civil contractor | Headquarters |
| Stadler | Rolling-stock OEM | Joint venture |
| HBL | Signalling & systems | Headquarters |
| IRFC | Funder / investor | Headquarters |
| WSP | Engineering consultant | Office |
What changed
From This Week in Rail, newest first.
- 2026-09-07 — Telangana's Chief Secretary orders immediate introduction of a joint pass for Metro Rail and RTC A ticketing-integration directive worth watching for AFC and fare-system vendors.
Withheld in the free surface
- Market narrative
- Indian Railways allocation (4)
Full detail withheld: 2 fields. In the India edition · See a fully open example
- Phase1 takeover (3)
- Ltmrh financials (4)
- KAVACH scr (3)
- Mmts (4)
- Kazipet rmu (4)
Full detail withheld: 5 fields. In the India edition · See a fully open example
Sources
- ○ Business Standard · IRFC refinances ₹13,527 cr Hyderabad Metro debt after L&T exit (published 2026-05 · checked 2026-08-20)
- ○ Deccan Chronicle · MEMU trains to be manufactured at Kazipet RMU — 160 acres, revised cost estimate ₹716 cr; production from ~May 2026 (published 2025-06-25 · 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)
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