L & T wants to get out of the Hyderabad metro, and it calls for losses, debts, and operational risks for the second stage

L & T Metro Rail Hyderabad Ltd. From the center and the Tilanga government to seize the Hyderabad Metro project, warning that the expansion of the proposed second phase may lead to large operational and financial setbacks.

In a letter to the Ministry of Housing, Urban Affairs and the state government, the company L&T of its exacerbated financial police and the risks of sharing the infrastructure associated with the upcoming metro extension plan were killed. The second stage aims to connect Hyderabad Airport and super technology corridors and is currently in the planning stage.

L & T Metro Rail has developed the first stage of the 72 km network with an investment of approximately 19,000 rupees. The operations began in 2017 under a 35 -year concession agreement. The center provided funding the gap in the feasibility, while the state gave the land and other logistical support.

According to Informist, the company warned that the participation of the current paths, stations and infrastructure with the new corridors can create operational chaos. Already under pressure from debt and delayed asset liquefaction, the company reported a net loss of 626 rupees in the fiscal year 25 at revenues of 108 rupees.

Despite repeated appeals, the company said it had not received any relief from the state to reduce the burden of interest or debt pressure. The report said that L&T, which has a 90 % stake in the metro company, urged the government to take over property rights to “avoid future troubles.”

The TELANGANA government has the remaining 10 % of the metro project. The second phase plans have already submitted to the Ministry of Urban Development for approval.

The parent company Larsen and Toubro Ltd. A unified profit of 3,617 rupees for June quarter, with revenue of 63,679 rupees. His shares closed 1.1 % higher at 3,579.80 dollars on NSE on Friday.