Tag: Hyderabad Metro Rail

InfrastructureLatest Stories

Telangana secures ₹13,600 crore refinancing for Hyderabad Metro

HYDERABAD: On Monday, the Telangana government secured a refinancing agreement worth ₹13,600 crores from the Indian Railway Finance Corporation (IRFC) for the Hyderabad Metro Rail Project. The agreement was signed in Delhi by officials from IRFC, L&T Metro Rail (Hyderabad) Ltd, and Hyderabad Metro Rail Ltd (HMRL). Chief Secretary K Ramakrishna Rao, who was present at the signing, stated that this refinancing would significantly alleviate financial pressures on the Hyderabad Metro Rail project, enhancing its long-term economic viability, according to a government release. This initiative is aimed at reducing the current debt and facilitating future expansion of the metro system.…

InfrastructureLatest Stories

Telangana Gov’t Finalizes Deal for Full LTMRHL Acquisition

HYDERABAD: The Telangana government has decided to take control of the Hyderabad Metro Rail Phase I through HMRL. On Wednesday, they signed a Share Purchase Agreement with L&T to acquire 100% equity shares of LTMRHL for an equity value of ₹1,461.47 crores. The Share Purchase Agreement was signed by Hyderabad Metro Rail Ltd (HMRL) Managing Director Sarfaraz Ahmad, D K Sen representing L&T Ltd, and KVB Reddy representing L&T Metro Rail (Hyderabad) Limited (LTMRHL). Attending the signing were Telangana Chief Secretary and HMRL Chairman K Ramakrishna Rao, along with Special Chief Secretary (Municipal Administration) Jayesh Ranjan, according to a release…

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Hyderabad Old City corridor impacts 900 properties

HYDERABAD: The road widening initiative for the proposed Metro Rail corridor between MGBS and Chandrayangutta in Hyderabad’s Old City is progressing rapidly. HAML Managing Director Shri NVS Reddy emphasized that the alignment has been meticulously planned to optimize space while minimizing property impact. “Our initial estimate indicated that about 1,100 properties would be affected. Thanks to engineering redesigns and realignments, we’ve reduced that figure to approximately 900,” Reddy explained. He also addressed the numerous challenges encountered in the land acquisition and demolition phases. “Given the densely populated urban environment, houses are tightly packed, and the presence of overhead electricity cables…