The state government on Saturday issued orders formalising the acquisition of 100 per cent equity stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL) by Hyderabad Metro Rail Limited (HMRL) at a cost of ₹15,000 crore, including debt, with April 30, 2026 set as the transaction closing date .

State Govt Formalises Acquisition Of Metro Rail With April 30 Deadline, Appoints CS As Chairman

Other members on the board, who are appointed as directors are senior IAS and IPS officials, who include special chief secretary, MA&UD, Jayesh Ranjan; special chief secretary, TR&B, Vikas Raj; principal secretary, finance, Sandeep Kumar Sultania; DGP B. Shivadhar Reddy; metropolitan commissioner, HMDA, Sarfaraz Ahmad; managing director, HMWS&SB, K Ashok Reddy; CMD, TGSPDCL Jitesh V Patil; and joint managing director, HMRL, Shivendra Pratap.

The government has also approved the allotment of shares to nominee directors and shareholders post-acquisition, with one share each allocated to chairman and directors and the remaining shares to HMRL . The managing director of HMRL has been directed to take further necessary action to complete the process.

The state government has issued orders approving a comprehensive framework for the takeover of Hyderabad Metro Rail Phase-I by Hyderabad Metro Rail Limited (HMRL), including financial structuring, legal safeguards and operational continuity . The government cleared the acquisition of 100 per cent equity stake in L&T Metro Rail (Hyderabad) Limited at a cost of ₹15,000 crore, while deciding that the existing interest-free loan of ₹900 crore, with a net present value of ₹366.92 crore as on April 30, 2026, will neither be deducted from the purchase consideration nor written off, and will continue as an outstanding liability in the company’s books .