L&T hopeful of CM rescuing struggling Hyderabad Metro
29th Oct 2020

Larsen & Toubro (L&T), the promoter of Hyderabad Metro, is hopeful of the state government rescuing the struggling Rs 19,500 crore rail project by restructuring the debt that runs into Rs 14,000 crore. Earlier this month, the company had sought financial assistance from the Telangana government to save it from a deep cash crisis triggered by the pandemic-induced lockdown which had shut it for six months.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.