In a major decision, the Telangana government announced on Thursday that it would take over Hyderabad Metro Rail Phase 1 from infrastructure major L&T Group. Chief Minister A Revanth Reddy took the important decision of taking control of the metro rail services at a meeting held with the company representatives here.

In the crucial meeting, L&T Group Chairman and Managing Director S N Subrahmanyam informed the Chief Minister that as per the supplementary concession agreement signed in July 2022, the state government was yet to pay Rs 2,100 crore to L&T out of the agreed Rs 3,000 crore as interest-free loan. After detailed negotiations, with an objective to expedite the Phase 2 approval by the Union government, it was agreed in principle that the state government would take over the Phase-

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