Divestment30 Apr 2026, 11:52 am
L&T divests 100% stake in L&T Metro Rail (Hyderabad) Limited
AI Summary
Larsen & Toubro (L&T) has signed an agreement with Hyderabad Metro Rail Limited (HMRL), a fully state-owned enterprise of the Government of Telangana, to divest its entire stake in L&T Metro Rail (Hyderabad) Limited (LTMRHL). The divestment aligns with L&T’s strategy of exiting development projects and unlocking capital for redeployment in its core engineering and technology-led businesses. Hyderabad Metro, operated by LTMRHL, spans approximately 69 km across three corridors and is a Public-Private Partnership (PPP) metro rail project.
Key Highlights
- L&T divests its entire stake in L&T Metro Rail (Hyderabad) Limited to HMRL.
- The divestment aligns with L&T's strategy to exit development projects.
- The Hyderabad Metro Rail project is a major PPP initiative.
- The project spans 69 km across three corridors.
- HMRL plans to expand the metro network post-acquisition.