Overview

• L&T told the Union housing ministry it is willing to offload over 90% equity and transfer Phase‑I operations through a new SPV to either the Centre or Telangana.
• L&T reported FY25 operating revenue and other income of Rs 1,108.54 crore, down 21% year‑on‑year, with a loss of Rs 625.88 crore, up 13%.
• The concessionaire cited delays in land acquisition, alignment changes and utility shifting, and said expected state support had not materialised.
• Phase‑II plans overlap existing tracks, raising concerns over cost and fare sharing; L&T proposed running the phases independently if no takeover occurs and said it cannot join Phase‑II as a PPP partner.
• The Union government has sought clarifications on the Phase‑II DPR covering fare‑sharing, electricity payments and unresolved Phase‑I commitments, after Telangana’s chief minister met officials in Delhi.