Civil society organisations have alleged that the Telangana government’s decision to take over Hyderabad Metro Rail amounts to a bailout of L&T with public money rather than a genuine takeover. They demanded transparency in the agreement and raised concerns over the Rs 13,527 crore refinancing loan from IRFC.
The Telangana government has appointed SBICAPS to reassess Hyderabad Metro Phase-I valuation and financing despite completing a similar exercise last year. The move has triggered questions over the earlier valuation, a Rs 84-crore upfront fee, and delays in securing loans for the takeover
