L&T
Telangana Government Chief Secretary Rajeev Sharma on Monday met Central Government representatives and apprised them of the progress the L&T Metro Rail Hyderabad project has made so far. Accompanied by BV Papa Rao, Advisor to Telangana Government, the CS met with Union Cabinet Secretary and Principal Secretary to the Prime Minister and briefed them about [...] Continue Reading »
Is Hyderabad facing the threat of losing its sheen as one of India’s preferred investment destinations and are investors worrying over their investments in the city after it has become capital of the country’s newest state of Telangana? Days after engineering giant L&T expressed concerns over the viability of India’s largest metro rail project coming [...] Continue Reading »
The battle between the TRS government and L&T, which is executing the metro rail project in the city, reached a new low on Wednesday with selective leaks to media houses that L&T has written to the government indicating that it wants to exit from the project and that the government should take it over and [...] Continue Reading »
Larsen and Toubro Ltd (L&T), the company building the Rs 16,375 crore Hyderabad Metro rail project, has threatened to pull out because of issues relating to project viability and non-availability of right of way. L&T proposed that the government of Telangana (GoT) take over the project and the underlying contract from the concessionaire in a [...] Continue Reading »
L&T Metro Rail Hyderabad Limited and the Telangana Government are on a collision course regarding the Rs 14,132 crore metro rail project, with the former even suggesting that the State take over the project. Contending that the project viability is being challenged by delays in securing clearances having a huge impact on the project financial [...] Continue Reading »
L&T (Larsen and Toubro) Hyderabad Metro Rail Limited today hinted at the possibility of cost escalation of the elevated metro rail project by about Rs 2,500 crore to Rs 3,000 crore.The Rs 12,132-crore-project may need such additional funding for some of the unavoidable circumstances. These include the initial delay in the appointed date, inflation and [...] Continue Reading »
The feasibility study for change in alignment of L&T Hyderabad Metro Rail Limited will be concluded within month and submitted to the Telangana Government. Thereafter, if the changes are to be brought about, which the Government would decide, the concessionaire L&T would be compensated. This could mean an additional investment of about few hundred crores [...] Continue Reading »
Due to the advent of the Narendra Modi government, there has been a heightened activity and business optimism in the market. This has put the Indian law firms in a growth trajectory and they are benefiting strongly from the surge in mergers and acquisitions (M & A) in the last few months. India’s biggest law firm [...] Continue Reading »
The Union Government has asked the government of the newly-formed Telangana state to refrain from meddling with the design of the Hyderabad Metro Rail project. The Union Government’s advice to Telangana government comes against the backdrop of concerns raised by infrastructure firm L&T, which is executing the over Rs 16,000-crore project. In an announcement made [...] Continue Reading »
Telangana state’s ruling Telangana Rashtra Samithi (TRS) has allowed emotion to cloud its business sense. People believe that the administration may have taken decisions aimed at hurting the business interests of some corporates. Two recent decisions bear testimony to this – The government has asked L&T to alter the alignment of the Hyderabad metro rail [...] Continue Reading »
